LIC Jeevan Anand Online Premium Payment

LIC India New Jeevan Anand Plan - Plan no. 915, launched in February 2020, is a life insurance policy that offers the combined benefits of financial protection against death for a lifetime and provides a lump sum maturity on outliving the policy term. It covers the policyholder against death even after the end of the policy tenure. This plan also allows you to participate in the company’s profits and gain reversionary bonuses. 

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7 Benefits of LIC Jeevan Anand Plan

LIC of India offers following benefits of LIC Jeevan Anand Plan:

  • Participation in Profits:

    The plan is a participating plan, therefore the policyholder will be entitled to receive parts of the profits as additional bonuses declared by the company.

  • Maturity Benefits:

    The policy offers maturity benefits including additional profits in case the policyholder outlives the policy term.

  • Death Benefits:

    The policy offers lifelong cover thus in case of the policyholder’s unexpected death during or after the policy term, the nominee will be provided with death benefits.

  • Policy Loan:

    The policy offers a policy loan available after the completion of two policy years.

  • Offers Flexibility:

    The policyholder can select the maturity or death benefits to be paid in regular installments. Additionally, the plan offers comfortable premium payment modes that can be made monthly, quarterly, biannually, or annually.

  • Enhanced Coverage with Riders:

    The policy offers the option of including any of the following riders for more comprehensive coverage. LIC’s Accidental Death and Disability Benefit Rider, LIC’s Accident Benefit Rider, LIC’s New Term Assurance Rider, and LIC’s New Critical Illness Benefit Rider.

  • Tax Benefits:

    The policyholders can avail of tax benefits under Section 80C and Section 10(10D) of the Government of India’s Income Tax Act.

How To Pay LIC Jeevan Anand Online Premium?

To make the customers’ premium payment experience more efficient and time-saving, LIC has introduced an online payment gateway. LIC’s online transformation has made the entire insurance services and processes online, which its customers can easily access. Policyholders can now use the LIC Jeevan Anand online premium payment gateway to pay their premiums within a few seconds. The payment gateway initiative provides a real-time experience of premium payment online.

Steps to be Followed for LIC Jeevan Anand Online Premium Payment

Individuals looking to pay their premiums online can go through the following procedure to pay for their LIC Jeevan Anand plan premiums:

Step 1: Visit LIC’s official website.

Step 2: Click on the 'Pay Premium Online' option to pay for the enrolled policy.

Step 3: Select if you want to ‘Pay Direct’ or ‘Pay Premium through e-Services.’

Step 4: Enter the required details and complete the payment.

Note: Always remember to verify the details before confirming the payment. A successful payment generates a digitally signed receipt of the premium.

There are two ways through which you can use the online payment gateway:

As Registered User

The payment can only be made by customers who have registered their policies. Therefore you need to register yourself if you haven't already to access the registered user portal. Premiums can be paid only for the enrolled policy using this method. Follow these steps to make payment as a registered user:

  • Enter the customer portal and select the ‘New User’ option if you are a new user and the ‘Registered User’ option if you are already registered.

  • Fill in your details and sign in or create an account with the following information.

  • Enter your policy number, date of birth, mobile number, premium amount excluding tax, and e-mail ID.

  • This will generate a new login customer ID and password for the policyholder.

  • Log in to your account and select the premium for online payment. Select the mode of payment and complete the transaction.

Pay Direct

Premiums can be paid directly without logging in using policy details through this method. There is no registration required under this process.

To pay through PayDirect, follow these steps:

  • Select the ‘Pay Direct’ option on the Pay Premium Online page.

  • The next step is to choose the type of payment: renewal or revival premium, advance premium payment, loan repayment, or loan interest payment.

  • The third step is to get customer validation which requires a few policy details. You must enter your policy number, date of birth, premium amount without tax, mobile number, and e-mail ID.

  • Enter your premium particulars.

  • Select your preferred mode of payment and complete the transaction.

Features of LIC Jeevan Anand Online Premium Payment

LIC Jeevan Anand online premium payment has many benefits and features for a policyholder such as:

  • Convenience – Online payment of the policy does not require people to stand in long queues for several hours at the LIC branch office. Policyholders can complete payments online easily without any hassle.

  • Multiple Payment Options – LIC premiums can be paid online using Net Banking, UPI, Debit, and Credit card. LIC also allows premium payment through several banks for more convenience.

  • Secure Transaction – All online transactions done with LIC are safe and secure. Your policy data remains between LIC and banks as the entire transaction is encrypted. This makes sure your data is not used for any other purpose.

  • Enable Digital Transformation – LIC has high-volume transactions since it is the largest insurance company in India. Online payment of LIC premium encourages the faster transformation of a digital India.

  • Record of Transactions – Online payment of the LIC premium helps digitally maintain the records of all transactions. Customers can track their transactions at any time. They can also download the receipts for their convenience.

Wrapping It Up!

LIC launched its online premium payment to make payments easily and quicklyThe online process also helps in timely premium payments that customers can make from the comfort of their homes. In addition, customers must read their policy documents carefully before making premium payments to avoid missing out on any benefits. You can also consult LIC’s customer care to resolve any inconvenience while making online payments.


  • Q. What is the policy term of LIC New Jeevan Anand's policy?

    Ans: LIC Jeevan Anand's minimum policy term is 15 years, and the maximum term is 35 years.
  • Q: What is the mode of payment available for this policy?

    Ans: You can pay the premium in installments on a monthly, quarterly, bi-annually, or yearly basis.
  • Q: Will my policy lapse for non-payment of the premium?

    Ans: Yes, there are chances of the policy lapsing if premium payments are not taken care of. It can be revived within two years from the date of the unpaid premium.
  • Q: Does LIC Jeevan Anand offer any tax benefits?

    Ans: LIC Jeevan Anand offers tax benefits on the premium paid and the claims received under Section 80C and Section 10(10D) of the Income Tax Act.
  • Q: What will happen to my LIC Jeevan Anand Policy if I forget to pay my premium?

    Ans: In such a scenario, the plan comes with a grace period of up to 30 days from the date of the first unpaid premium. However, keep in mind that the policy will lapse if you do not pay your premiums during the grace period.
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