LIC Jeevan Anand Online Premium Payment

LIC Jeevan Anand Plan is a popular LIC life insurance policy that acts as a traditional savings and insurance plan. It covers the insured's policy term until the insured's entire life, even after the policy completion. This plan helps you earn simple reversionary bonuses during its term. The plan also provides rider benefits to its customers. LIC Jeevan Anand was replaced with the new LIC Jeevan Anand plan in September 2013.

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Benefits of New Jeevan Anand

Here are some benefits of the new plan:

  • It is a non-linked participating plan that offers both savings and protection. It provides financial protection to the policyholder and his family against death. 

  • The payment is made in lumpsum at the end of the selected policy term in case of the policyholder’s survival. It also allows for loan facilities during the policy term. 

  • It provides a bonus along with the sum assured on death to the nominee in case of the policyholder's death during the policy term. 

  • A monthly installment for ten years is paid for permanent disability due to accidents based on the sum assured.

  • The premium is eligible for tax exemption under New Jeevan Anand.

  • This plan offers comfortable premium payment options that are available monthly, quarterly, biannually, and annually. 

LIC Online Premium Payment

LIC has introduced an online payment gateway to make the customers' experience more effective. Policy payment can be made easily with the LIC online payment gateway within a few seconds. The online transformation of LIC has made the entire insurance process available online, which its customers can easily access. The payment gateway initiative provides a real-time experience of premium payment online.

Steps to be Followed for Online Payment

Individuals buying LIC Jeevan Anand plan can go through the following procedure for buying:

  • Visit plan page on the official website.

  • Select 'Pay Premium Online' option to pay for the enrolled policy.

  • Select the policy for which you want to pay.

  • Select the mode of payments from the list available.

  • Enter the details and complete the payment.

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 registered user portal can be accessed only by customers who have registered their policies. Premium can be paid only for the enrolled policy using online payment methods. Users can easily register themselves on the portal if not done already.

Following this process:

  • Create an account with your username and password.

  • Basic information like the policy number, date of birth, mobile number, premium amount, and e-mail ID is required.

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

Log in to your account and select the premium for online payment. The payment is completed after selecting the mode of payment.

PayDirect - Premiums can be paid directly without login using policy details using this method. There is no registration of the policyholder required.

To pay through PayDirect, follow these steps:

  • The first step is customer validation which requires a few policy details. You must enter your policy number, date of birth, premium amount, mobile number, and e-mail ID.

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

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

Features of LIC Online Payment 

LIC online payment has many benefits and features for a policyholder.

  • 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 premium 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 in 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 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.

In Conclusion

LIC Jeevan Anand’s online premium payment is an easy and quick process. While making the payment, be sure to check the details before final submission. The online process also helps in timely premium payments that customers can make from the comfort of their homes. 

In addition, the customers must read their policy documents carefully before making premium payments to not miss out on any benefit. Consult LIC’s customer care to resolve any inconvenience while making online payments.


  • What is the policy term of LIC New Jeevan Anand policy?

    The minimum policy term is 15 years, and the maximum term is 35 years.
  • What is the mode of payments available for this policy?

    You can pay the premium monthly, quarterly, bi-annually, and monthly.
  • Will my policy lapse for the non-payment of premium?

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

    LIC Jeevan Anand offers tax benefits to the policyholder under Sec 80C and Sec 10(10D) of the Income Tax Act, on the premium paid and on the claims received.
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

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