LIC Online Premium Payment

The Life Insurance Corporation of India is one of the most recognized and trustworthy names in the Indian life insurance industry. LIC, established in 1956, has been providing various insurance products to millions of its customers. It has not only expanded operations but also its insurance services that cater to the insurance requirements of the ever-growing population. It is hardly any surprise why LIC is consistently ranked alongside the world’s best life insurance companies.

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Gone are the days when LIC policyholders were often seen spending several hours standing in long queues at LIC Branch Offices to make their LIC premium payment.

Today, the policyholders can easily make the LIC premium payment without getting into any hassles. Now, LIC premium payment can be done online, which means no standing in the long queues under the scorching sun waiting for your turn. The LIC online payment can be done in just a few clicks.

How to complete LIC Premium Payment Online?

LIC online premium payment is fairly easy and convenient as it can be done using a debit or credit card. But, before you get started, log on to the LIC's official website to make the payment. Follow the below steps for a hassle-free and smooth payment process:

LIC online payment guide Infographic

Visit the official website of LIC and log in to the portal. Thereafter, you will need to register as a new user by completing the LIC online registration process. But what if you don’t want to register as a new user? No worries; LIC also offers an option called LIC Pay Direct, which helps you to pay your LIC premium without completing the LIC online registration process.  LIC Pay Direct is simple, and you can easily make your LIC online payments through a credit/debit card through this channel.

Let’s quickly understand how you can easily make online LIC payments both with registration and without registration.

  1. LIC Online Premium Payment Process for Registered Users

    Step 1: Visit the official website of LIC. Click on the ‘Customer Portal’ button, and then select the ‘Registered User’ button.

    Now, you’ll be directed to the LIC login page.

    Alternatively, you can click on the ‘Pay LIC Premium Online ’ option, which will open a new page and you will see the following two payment options:

    • Pay Direct (Without Login)
    • Through Customer Portal

    Click on the ‘Through Customer Portal’ option to proceed.

    Step 2: Enter your user ID/Email/Mobile, Password, and Date of Birth and hit the Sign-in button.

    Upon clicking the ‘Sign in’ button, you’ll be redirected to the customer portal. On this page, you will find the ‘Self/Policies’ option.

    Step 3: Now, click on the ‘Self/Policies’ option to view the details of your policy.

    On this page, you will be able to see your LIC policy renewal/due date. ‘Pay Premium’ option will be on the screen if your policy renewal is due.

    Step 4: Click the Pay Premium option to proceed and provide the required information.

    Choose the payment option. Make the LIC online payment through credit and debit card or can also opt for net banking.

    That’s it! Now, simply make the LIC premium payment.

    Step 5: Don’t forget to check your registered email to see the online premium payment receipt. Print and download your LIC online premium payment receipt.

    Isn’t it utterly easy and convenient? We’re sure you’re nodding your head in a yes!

    Now, let’s move on and discuss how to make LIC payment online without having even registered to the LIC website as a new user.

  2. LIC Online Payment Process for Unregistered User

    Step 1: Visit the official website of LIC. Now, click the ‘Pay Premium Online’ button under the ‘Online Services’ tab.

    Upon hitting the ‘Pay Premium Online’ button, you will be taken to a new page. Here you will see two options:

    • Pay Direct (Without login)
    • Through Customer Portal

    Step 2: Now in this step, you need to hit the ‘Pay Direct’ button (without login).

    Now, you are taken directly to the LIC online premium payments page. Here, you will need to select the Renewal Premium/ Revival option from the Pay Direct list.

    Step 3: On the next page, click on the Proceed button to move forward and fill up the Customer Validation form with your vital policy details - Policy Number, Installment Premium, Date of Birth, Email Id, and Mobile number. Upon filling up the form, simply verify the ‘Captcha’ code, accept the agreement, and click on the ‘Submit’ button.

    Step 4: Verify your policy details. Upon successful verification, hit the ‘Proceed’ button.

    Step 5: In this step, select LIC online payment option. Choose how you want to make the LIC online payment through credit and debit card or net banking. Now simply make your LIC online premium payment.

    Step 6: Remember to check your registered email to get the LIC premium payment receipts. Print and download the LIC online payment receipt for your records.

LIC Premium Payment Channels

The table below shows the LIC premium online payment options:

LIC Website

Authorised Bank



Net Banking

Corporation Bank

AP Online

Life-Plus (SBA)

Debit Card

Axis Bank

MP Online

Premium Point

Credit Card


Suvidha Infoserve

Retired LIC Employment Collection



Easy Pay






Every industry in the world seems to be in a spate of going online and the banking & insurance sector is no exception. More and more people nowadays prefer going online to shop, bank, make payments, and even socialize. 

Like most other companies in the insurance domain, the Life Insurance Corporation (LIC) of India has made it easy for customers to make LIC premium payments, check their policy status, and update policy details online. 

LIC has a huge customer base and to ensure that its policyholders do not need to wait in queues at the premium payment counter, the insurer has introduced several LIC online premium payment options. Besides, there are also payment gateways for LIC. Now, policyholders have a multitude of options to make their LIC online premium payment. All they need to do is go online and make premium payments or deposit their premium payments at one of the many authorized collection centers/franchisees, authorized bank branches, or seek the help of LIC’s registered network of agents/merchants. 

LIC Premium Payment through Bank

LIC has joined hands with two of the leading Indian banks, namely- Axis Bank and Corporation Bank, to facilitate a hassle-free insurance service to its customers. With this collaboration, the customers can pay the LIC premium payment at the branches of Axis and Corporation Banks across the country.

However, there are few factors to consider regarding the LIC premium payment made via these banks:


Not Accepted

A premium of only active LIC policies can be paid via this channel

No payments will be entertained for the Salary Savings Scheme (SSS) policies

In the case of regular life insurance policies, the insured can pay the premium, 30 days in advance

In the case of Term insurance policies & advance premiums, the insured can make the payment only 15 days before the due date

Upon receiving the premium payment, the authorized bank will provide a signed receipt.

Payment of premium for ULIPs and Health policies are not entertained


Premium can be paid either in cheque/ or demand draft at the authorized bank.

The insured can not pay the premium for the upcoming fiscal year.

Note: Late premium payments charge a late fee.

Important Points Regarding LIC Premium Payment through Banks

  • You can pay your premium at any extension counter or branch of either of these banks.
  • You can submit your LIC premium payment only via cash or cheque mode in either of the banks.
  • One can only pay the premium for active, non-ULIP, and non-SSS policies using this payment channel.
  • Premium payments can only be accepted 30 days in advance of the due date of your policy. 
  • For every late payment, the customers will be levied with a late payment charge.
  • The premium cannot be paid for the upcoming financial year, i.e., one cannot pay the premium for March’2021 in March’2020.
  • Customers will receive a signed receipt from the banks after successful payment of the premium. It will be considered as a valid receipt and no other receipt is issued by LIC for active policies, the premium payment can be done six months in advance. 

LIC Premium Payment through Franchisees/Authorized Collection Centers

There are still many LIC customers who aren’t comfortable with the idea of LIC online premium payment services and they prefer to make their premium payments via offline payment modes. We’re sure they’ll be glad to know that LIC also provides several options to pay the premium via different private & government-owned service providers and companies. 4 service providers work in collaboration with LIC to ensure offline premium payment services for policyholders. They are:

  • AP Online - Andhra Pradesh Government’s official portal. This collection channel accepts LIC premium payments for Andhra Pradesh only.
  • MP Online - Madhya Government’s official portal. This collection channel accepts premium payments for Madhya Pradesh only.
  • Suvidha Infoserve – It is an s-commerce (social commerce) entity that provides various bill payment services.
  • Easy Bill Limited – It provides the customers with a reliable and convenient bill payment source, where you can make premium payments through the traditional and trustworthy neighborhood stores.

However, there are certain points to be taken care of while paying your LIC premium payments through these channels:

  • The payment will only be accepted in cash i.e., up to Rs. 50,000.
  • You can make the premium payment only for the active policies. Also, these collection centers don’t accept payments for the LIC policies that fall under ULIPs and SSS (Salary Savings Scheme) category.
  • This premium payment service is free at the franchisees or authorized collection centers and hence, the customer doesn’t need to pay any commission/service tax/extra fees to the agents.
  • One cannot pay the premium for the next financial year at these collection centers. For instance, you cannot pay the premium for March’2018 during March’2017.
  • Once you have made the payment, you’ll get a signed receipt from the collection center. It's important to note that there is no separate payment receipt issued by LIC for such payments.
  • The late fee of paying premiums is calculated at the current rate i.e., 9.5 percent, and the minimum late fee is Rs. 5
  • You can look out for these Franchisees/Authorized Collection Centres on the official website of LIC.

Agents Collection Payment

LIC has also authorized select personnel, retired employees of LIC, and Senior Business Associates (SBA-Development Officers) as payment collection agents. Below enlisted are a few of the important details you need to keep in mind while making LIC premium payments via these authorized agents:

  • The collection agents can collect the premium payments for UPLIs, too; however, premium payment of health insurance policies is still not covered in it. The premium payment collected through this payment mode is updated in real-time.
  • You can make the payment in cash or cheque mode. However, it’s important to know beforehand that outstation cheques won’t be accepted by these collection agents.
  • You will receive a signed receipt from the collection agent after making the payment. SBAs have been issued, few more rights given to them as compared to two other personnel. Besides receipt, you can also get policy status reports, forms, revival/loan/surrender quotations, certificates meant for income tax usage and your ULIPs statements from the SBAs.
  • This payment mode doesn’t accept premium payments for policies falling under the SSS category.
  • You can make the advance premium payment only 30 days before the due date of your active policy. For some term plans, the advance premium payment can be accepted 15 days in advance (before the due date). The term plans under this category are:
    • 164-Anmol Jeevan-1
    • 153- Anmol Jeevan
    • 177- Amulya Jeevan
    • 190 Amulya Jeevan. 
  • A late fee will be charged to the policyholders.
  • Advance premium payments are not accepted for the next financial year.
  • You don’t need to pay any service fees to avail of this payment facility.

LIC Online Payment Options i.e. Credit/Debit Cards

Other than net banking, you can also use your credit/debit card to make the LIC online premium payment. The LIC online payment through credit and debit cards is processed via IDBI Gateway. The credit/debit card payment can be commenced in three easy steps:

  • After clicking on the circle against the option of ‘IDBI Gateway’, you’ll be redirected to the next page where you will find the different card types accompanied by convenience fee & services tax. Select the card type you want to make payment with and you’ll get the total payable amount along with the applicable service tax on it. Once you’ve selected the card type, click on the option ‘Submit’.
  • After submitting the card type, you’ll be redirected to another page where you will have to enter your debit/credit card details to process the transaction. The details include your card number, its date of expiry, CVV number (3-digit number on the back of the card), your name on the card, your registered email address, and your phone number. You also need to enter the captcha code shown in the box.
  • After entering all the required details, click on the option ‘Pay’. A LIC online premium payment receipt will be generated and will be sent to your registered email address with LIC.

Over to You

We’re sure now you’ll agree that it is easier than ever to make LIC online payments through credit and debit cards or net banking.  Now, go ahead and put this learning into practice and save yourself from the hassles of standing in long queues by paying for your LIC insurance policy online.


  • Q1. When Should the LIC premium be paid?

    Ans. The LIC premium should be done in time. Usually, the LIC sends a premium notice to the customers a month before the due month of the premium. The months for which the LIC premiums are due are mentioned on the first page of the LIC policy bond.
  • Q2. How to make the LIC premium payment?

    Ans. LIC offers various modes of payment to make it a hassle-free experience. You can pay the premium through: 
    • Cheque
    • Demand draft at the branch
    • Money order sent by post
    • Through Internet banking
    • Through Debit/Credit Cards
    • Standing instructions from your respective bank to remit the premiums
    • Via ATMs of Corporation Bank and UTI Bank
    • Premium can be paid via Electronic Clearing Service (ECS)
  • Q3. How to check the LIC policy status?

    Ans. By checking your LIC policy status at regular intervals, you can ensure whether it is active or lapsed. You can also check when the policy will expire. You can either check the LIC policy status online or visit the branch of the insurer from where it was issued.
  • Q4. How to revive the lapsed LIC policy?

    Ans. There are times when you might forget to make the timely LIC premium payment. In case the policy has lapsed because of non-payment of the premiums under the due date, the terms and conditions of the policy will be rendered void until the policy is revived. The lapsed LIC policy can be revived by the payment of the accumulated premiums along with interest.
  • Q5. Is it possible to avail of loans under the LIC policy?

    Ans. Now you can avail of loans against LIC policies. Most of these plans come with an endowment feature and thus, stand as collateral. You can repay the loan with the specific interest or allow the loan amount to be deducted while settling a claim. Loans on the LIC policy will be permitted after deduction of the past outstanding.
  • Q6. Is there any grace period for LIC premium payment?

    Ans. These days, insurance companies have come with an added benefit called ‘Grace Period’, in which a relaxation period is offered in case you miss the policy renewal date. To avoid lapsing the policy permanently, you need to pay the required premium within this period. Except for some plans, LIC offers 15 days as a grace period for the policies in which the premium has to be paid monthly. It offers a 1-month grace period for the policies with quarterly, half-yearly, or yearly premium payment mode.
  • Q7. What is the LIC claim process?

    Claims under the Regular Life Insurance Plans Death Claims:
    The person who is legally entitled to get the policy money must give the death intimation of the insured to the servicing branch. The requirements for the claim are mentioned below:
    • Claim Form ‘A’ in Form No. 3738: If the life insurance policy has been in effect for around 3 years or more than 3 years from the date of risks, claim form no. 3738A must be used.
    • Certified Extract from Death Register: The original copy of the policy documents with the Deed(s) of Assignment (s), if any. The beneficiary might require presenting additional requirements under a plan depending on the status of the policy.
  • Q8. How to change the nominee in the LIC insurance policy in 2022?

    Ans. The nominee in the LIC policy can be changed at any point in time while the policy is active. Besides, the change of nomination is possible from the LIC Branch that serves the policy. The change in the nomination of the LIC policy should be given in writing by the life assured.
    For the LIC policies that have the sum assured below Rs 75,000, the initial cancellation or change of nominee is done without any charges. From the second time onwards, fees will be charged. The following are some of the important documents that will be required while change in the nominee:
    • Relationship evidence of the policyholder and the nominated individual
    • Policy document
    • For 3750
  • Q9. How to get the LIC premium receipt online? 

    Ans. To download the LIC online premium payment, follow the steps below:
    • Visit the website of LIC of India. Next, under the ‘Online Services’ click on ‘LIC e-Services’.
    • In case the policyholder is a registered user then click on ‘registered User’.
    • Enter the login credentials
    • Select the suitable options of either an agent or the customer. Next, you will be redirected to the welcome page of ‘LIC e-Services’.
    • Two options namely ‘Individual Policy Paid Statement’ and the ‘Consolidate Premium Paid Statement’ will appear on the screen. To download the individual policy premium statement, select ‘Individual Policy Paid Statement’. To download, the statement of premium payment for every single policy bought from LIC select ‘Consolidated Premium paid Statement’.
    • Once the suitable option is selected, choose the fiscal year for the preferred statement and then choose the policy number.
    • The LIC premium payment receipt can be downloaded online likewise be printed and kept for record.

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