Know All About LIC Merchant

Who is an LIC Merchant?

LIC Merchants are authorized professionals appointed by the LIC of India to help policyholders with premium collection and other policy-related tasks. They act as a bridge between LIC and its customers, ensuring smooth handling of policy payments and service requests.

LIC Merchants are usually connected with LIC branch offices or LIC agents and are trained to use the official LIC Merchant Portal. They can update premium payments, generate receipts, and access important policy details. With access to the LIC system, LIC Merchants can view policy status, loan details, surrender values, and more, making it easier for customers to manage their LIC policies efficiently.

What Are the Key Responsibilities of an LIC Merchant?

As a registered LIC merchant, you are entrusted with several vital duties that ensure smooth policy servicing and premium handling for LIC customers. Leveraging the LIC merchant portal, you can efficiently use LIC e-services to manage the following responsibilities:

• Collecting premiums from policyholders.

  An LIC merchant plays a key role in LIC merchant premium collection, ensuring timely payments from policyholders through the LIC merchant portal or at designated LIC merchant premium collection points.

• Generating and managing policy invoices.

  Through the LIC merchant login portal, merchants can generate and manage policy invoices efficiently using the secure tools provided in the merchant premium collection portal.

• Providing policy-related information to customers.

  An LIC of India merchant is responsible for offering accurate policy details to customers and guiding them through services accessible via the LIC India merchant portal and merchant login options.

• Assisting in policy loans, surrenders, and renewals.

  Using the LIC merchant portal, merchants support clients with policy loan applications, surrenders, and renewals, making the LIC merchant premium portal login an essential tool in their daily operations.

• Managing online transactions via the LIC Merchant Portal.

  The LIC merchant streamlines operations such as online premium payments, policy updates, and NSEIT payment integration using the LIC India merchant login page and login merchant portal features.

LIC Merchant vs. LIC Agent

LIC Merchants and LIC Agents are important components of LIC's operational structure. While their roles are similar in some ways, they have a few differences, such as:

Steps to Become a LIC Merchant or Agent

Meet the Eligibility Requirements:

• Minimum Age: 18 years or older.

• Educational Qualification: Completion of the 10th standard from a recognized institution.

• PAN Card: A valid Permanent Account Number (PAN) is mandatory.

Collect the Required Documents:

• Date of Birth Certificate.

• School Certificate (10th standard).

• PAN Card.

Start the Application Process:

Step 1: Visit your nearest LIC branch and meet with the development officer.

Step 2: Undergo an interview to confirm your eligibility.

Step 3: Complete a 25-hour training program conducted by LIC.

Step 4: Register for and pass the IRDAI (Insurance Regulatory and Development Authority of India) exam.

Step 5: A minimum score of 40% is required to qualify.

Step 6: Upon passing the exam, you will receive an appointment letter with a unique code.

Step 7: Attend a final interview with the development officer.

Step 8: Learn practical aspects of working as a LIC Merchant or Agent.

LIC Merchant Portal: Features & Functions

The LIC Merchant Portal simplifies the operational workflow for LIC merchants by offering a wide range of features, including:

Invoice Management:

• Generate invoices for premium collection.

• Update pending invoices.

• Pay invoices online via net banking.

Query Handling:

• Submit and track queries regarding invoices and payments.

• View paid invoice details.

Receipt Management:

• View and print premium receipts.

• Address issues related to receipt generation.

How to Log in to the LIC Merchant Portal 2025?

For the LIC Merchant Portal Official Login 2025, follow these steps

Step 1: Visit the LIC Merchant Policy Portal.

Step 2: Select the "Merchant Portal" under the "Online Services" tab on the homepage.

Step 3: Click on the "Login" option.

Step 4: Enter your username and password.

Step 5: Double-check your login credentials and click "Submit".

Online Invoice Payment Using Net Banking

For invoice payment using Net Banking, login to your LIC Merchant account from LIC of India Merchant Portal and follow these steps:

Step 1: Go to Merchant Tools and click on "Pay Invoice Online".

Step 2: Select the pending invoice you want to pay.

Step 3: Confirm the invoice balance and choose your bank for payment.

Step 4: Complete the payment and return to the LIC website.

Step 5: Note the PG ID and print the payment acknowledgement for your records.

How to Update Email or Reset Password on the LIC Merchant Portal?

As an LIC Merchant, it's important to know how to manage your login details on the LIC merchant portal, especially when updating your email ID or resetting a forgotten password. These quick steps will guide you through the process using the LIC merchant login system.

To Update Your Email ID:

Step 1: Visit the official LIC of India website.

Step 2: Scroll down to the "Other Online Services" section on the right panel and click on merchant login.

Step 3: Click the LOGIN button on the LIC merchant login page.

Step 4: Select "Update Email ID to get OTP” and follow the instructions.

If You Forget Your Password:

Step 1: Go to the official LIC India merchant portal.

Step 2: Navigate to "Other Online Services" and select merchant login.

Step 3: Click the LOGIN button.

Step 4: Choose “Forgot Password.”

You will receive an email from the LIC with a new password. Simply log in again through the LIC merchant premium portal login enter the new password, and the work is done.

Benefits of Using the LIC Merchant Login Portal May 2025

The LIC merchant portal provides several key benefits that simplify and enhance the management of LIC merchant tasks. Using the LIC merchant login portal allows agents and merchants to work more effectively and offer smoother service to their clients.

Below are some of the benefits:

• There will be a better customer experience and ease of access, as policyholders can quickly get information and pay premiums via the LIC merchant login page.

• Efficient processes on the merchant premium collection portal and designated LIC merchant premium collection points facilitate prompt invoice payments.

• Minimized paper use and enhanced record management by digitizing documents through the LIC merchant premium portal login, making it easier to stay organized and environmentally friendly.

• Streamlined cash flow control with instant updates on premium collections and transactions through the LIC India merchant portal and login merchant portal features.

Tips to Become a Successful LIC Merchant

• Stay updated on LIC’s latest policies and procedures.

• Build strong relationships with customers by providing excellent service.

• Use the LIC Merchant Portal effectively for smooth operations.

• Regularly check for pending invoices and receipts to maintain transparency.

Wrapping It Up:

Becoming an LIC Merchant or Agent is a fulfilling career opportunity for individuals looking to work with one of India's leading insurance providers. Following the steps outlined above, you can embark on a successful journey in the insurance sector. You can contribute to LIC's mission of securing lives nationwide with dedication and the right training.

LIC Resources

FAQs