How to Pay LIC Premium Payment Online with Policybazaar?

LIC Online Premium Payment with Policybazaar

Premium Payment of LIC Policy from Desktop

Step 1: Go to the Policybazaar LIC online payment page

Step 2: Fill in your Policy Details and DOB in the renewal form.

Step 3: Once done, you can either scan the QR Code and be directed to the in-app Policy premium payment page or enter your mobile number to receive the payment link via text message or WhatsApp. The scanner will redirect to the LIC Policy premium payment details page on the Policybazaar app.

Step 4: Review the premium payment information, choose your preferred payment mode to pay the dues, and complete the process.

Step 5: Once the payment is made, you will receive the premium payment receipt on your registered email address. 

Alternatively, you can use your mobile phone to pay premiums for your LIC Policy. 

Step 1: Fill in the form with your policy number and DOB. 

Step 2: Next, click continue, and you will be redirected to the Policybazaar’s in-app Policy premium payment page. 

Step 3: Review the policy’s renewal information, then choose the preferred payment mode and proceed to pay your premium amount.

LIC Premium Payment Through LIC Portal: For registered/Non-registered users:

LIC Pay Direct is fairly easy and convenient. You can pay LIC premium online with flexible premium payment options such as Net Banking, Debit or credit card, and Policybazaar. The company allows registered and non-registered users to avail the facility of LIC premium payment online. LIC Pay Direct helps you to pay your LIC premium without completing the LIC online registration process.

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: Go to the LIC of India official website. 

   Step 2: Click on the ‘Customer Portal’ button, tap on the ‘Registered User’, and click on the ‘Pay LIC Premium Online’ option through the Customer Portal

   Step 3: Enter your user ID/Email/Mobile, Password, and Date of Birth and hit the Sign-in button, and you’ll be redirected to the customer portal.

   Step 4: Click on the ‘Self/Policies’ option to view the details of your policy. Check the LIC policy renewal/due date, and click the ‘Pay Premium’ option.

   Step 5: Provide the required information and choose the payment option. Pay your premiums 

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

   Now, let’s discuss how to make LIC payments online without having to register on the LIC website as a new user.

2. LIC Online Payment Process for Unregistered User

   Step 1: Go to the LIC of India official website. 

   Step 2: Click the ‘Pay Premium Online’ button under the ‘Online Services’ tab.

   Step 3: Hit the ‘Pay Direct’ button, and you will be directed to the LIC online premium payments page. 

   Step 4: Proceed by filling out the Customer Validation form with your policy details, such as Policy Number, Installment Premium, Date of Birth, Email ID, and Mobile number, and click on the ‘Submit’ button.

   Step 5: Verify your policy details and hit the ‘Proceed’ button to make online premiums.

   Once the payment is successful, the policy receipt will be sent to the registered email address.

Benefits of LIC Online Premium Payment Facility

Below are the key benefits of using the LIC online payment facility:

• Convenience: The primary advantage of this facility is convenience. Policyholders can make premium payments from the comfort of their home or office, saving time and effort compared to visiting LIC branches or payment counters.

• Multiple Payment Options: LIC offers various online payment options, including credit/debit card payments, net banking, UPI (Unified Payments Interface), and mobile wallets. Policyholders can choose the payment method that suits them best.

• Easy Accessibility: The LIC premium payment online facility is available 24/7, allowing policyholders to make payments at any time that is convenient for them, including weekends and holidays.

• Secure Transactions: LIC of India takes security seriously and provides a secure platform for online premium payments. Encryption and authentication measures are in place to protect policyholders' financial information.

• Instant Receipt: Policyholders receive an instant acknowledgment or receipt for their premium payments. This serves as evidence of payment and can be used for future reference.

LIC Online Premium Paying Modes

To pay your LIC premium online, you can opt for any of the below-mentioned payment methods:

• Net Banking:

  • Policyholders can use their Internet banking accounts to make LIC premium payments online. This method is secure and widely accepted.

  • Simply log in to your bank's Internet banking portal, add LIC as a biller or payee, and follow the instructions to make the payment.

• Debit/Credit Cards:

  • LIC accepts payments via debit and credit cards issued by major banks. Visa, MasterCard, and other popular card types are usually accepted.

  • You'll need to provide your card details, including the card number, expiration date, and CVV code, to complete the payment.

• UPI (Unified Payments Interface):

  • LIC allows policyholders to make premium payments using UPI, a fast and convenient digital payment system.

  • Link your bank account to a UPI app or use your bank's UPI app to initiate the payment to LIC.

• QR Code:

  • You can now make premium payments by scanning the QR code.

  • All you need to do is fill in your policy details and scan the QR Code displayed for online premium payment.

Wrapping It Up:

To sum it up, LIC's Online Premium Payment facility makes paying for your insurance super easy. You can use their website or app to use the LIC Pay Direct option to pay your premiums without any hassles quickly. By paying your LIC insurance premiums online, you can keep your insurance coverage ongoing without hassle.

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