Registration, Premiums, Payment Facilities and other Details

LIC Policy Online: The Detailed Process!

Life Insurance Corporation of India, a renowned name in the field of insurance for decades, has created a mark for itself like no other insurance company to date. LIC specializes in serving different insurance plans to their customers depending on their needs and requirements such as investment plans, saving plans, health plans, child plans, and many more.

LIC Policy Online

The old and trustworthy Life Insurance Corporation of India has found a solution for their customers in this digital age. The never-ending chain of coordinating with the LIC Agents to buy a LIC policy and then keeping in touch with them for LIC Insurance premium payments has finally come to a stop.

LIC India policy online in just a few clicks away has surely given peaceful nights to many customers. Even though both online and offline buying of LIC policy processes are available, individuals are getting more attracted to the simple and hassle-free online process.

LIC Policy Registration Process

Here are some simple steps that you should follow for the LIC Insurance Policy registration process:

Step 1: Visit LIC’s official website www.lic.in
Step 2: Click on the Customer Portal tab
Step 3: Click on the existing user if already registered and enter your credentials
Step 4: If a new user, click on the new user tab
Step 5: In the next screen, you will be required to fill in the following details

Policy number
Date of Birth
Email address
PAN Card number
Gender
Mobile number
Passport number

Step 6: Click on register
Step 7: After successfully filling in the details, you will be asked to sign up
Step 8: To sign up, you have to choose

Suitable user ID
Password
Enter your date of birth

Step 9: You have been successfully signed in
Step 10: In the next screen, select the self-policies tab
Step 11: You can now view your existing policies
Step 12: If you want to add another policy apart from the existing policies for yourself, your children, or your spouse, all you have to do is

Click on add policy
Enter your relationship with the policyholder
Enter policy number
Submit the details
This policy will now be reflected on your LIC e-Service page

Online Payment Facilities

After successful registration, as a customer, you may need to know the LIC Premium online payment facilities.

To pay your premiums online through the e-Service portal, you can choose from:

Mode of payment

Net Banking
Debit Card
Credit Card
WALLET
UPI

Renewal premium can be made for all active policies, excluding Salary Saving Scheme Policies Payment of premium can be made 1-month before the due date till the policy is in force.
Under VPBY and PMVVY plan policies, loan interest cannot be paid
All RBI approved Credit cards and Debit cards can be used for payments

LIC Premium Payment Channels Online

LIC Website	Authorized Banks	Franchises	Merchant
Net banking	Axis Bank	AP Online	Premium point
Debit Card	Corporation Bank	MP Online	Life – Plus (SBA)
Credit Card		Suvidha Infoserve	Retired LIC Employee Collection
UPI		Easy Bill Pay
BHIM

LIC Online Payment

For Registered Users

Step 1: Visit the Life Insurance Corporation of India’s website

Step 2: Select from the 2 options under Online payment:

Pay Direct (without login)
Through customer portal

Step 3: If chosen the Pay direct option

Directly select payment type (no need for login credentials)

Step 4: If chosen the Through customer portal option

Log in with the login ID and password
Click on sign in after filling in the necessary information

Step 5: Once successfully logged in, the policy number and premium amount payable need to be provided

Step 6: After submitting the details, you can now view all your policies

Step 7: Select the one you want to pay the premium for

Step 8: Click on submit

Step 9: Payment gateway will be the next page you will be redirected to

Step 10: Select the suitable payment option and make the necessary payment and your premium is paid in these simple and easy steps

In The End!

Life Insurance Corporation of India is one of the oldest insurance companies in the insurance market. With advancements in technology every passing day, online buying of insurance policies has become more popular and stress-free.

It is important to grow with technology so that you can survive in the market.