LIC Online Payment Offers

Gone are the days when you have to pay premium amounts of your LIC insurance through agents or other related sources. Nowadays, LIC policyholders can easily make the premium payment online without getting into any hassle which means no standing in the long queues under the sun waiting their turn. Moreover, you can also save more without the interference of third-party agents.

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Paying via official portals or digital wallet platforms is quite easy in comparison to any other method. Besides, the usage of digital wallets offers you exciting rewards and discounts. Let’s check out various digital platforms for LIC Online Payment Offers:

LIC Online Payment Offers - A Brief Overview 

Life Insurance Corporation of India (LIC), one of the largest insurers with a huge customer base offers a wide variety of insurance products ranging from term insurance to savings and investment plans across different segments of India. LIC has started its online platform to pay premiums on time through various digital platforms and wallets. These processes are quite easy, convenient, and less time-consuming. Here we are going to discuss each process in detail for your easy understanding: 

  1. Google Pay 

    Google Pay App developed by Google is one of the most popular and common online premium payment options that simplify the process of transferring money. The GPay platform has one of the easiest interfaces where the payments you send or receive are directly transferred to your registered bank account. The application offers various exciting rewards and cashback offers to its customers. LIC premiums can also be paid using Google Pay app with zero extra payment charges. Here is a step-by-step guide to paying LIC premium using Google Pay:

    • Download the Google Pay app from Playstore 
    • Click on the + New Payment option on the home page 
    • Then on the next page, select the tab ‘Bill Payments’
    • Various services have been displayed category wise 
    • Scroll down and choose Insurance Option to pay premiums of your LIC policy. 
    • Select your respective insurance company i.e., LIC 
    • Link your LIC policy with the app so you can easily pay and track the payment. Then, click ‘Get Started’.
    • On the next page, fill in all the required details such as policy number, email ID, name of your account as per the records of LIC policy so that you can easily link your policy and pay the LIC premiums. 
    • After reviewing the details. Tap on Link Account 
    • Once your policy gets successfully linked with the app, click on Pay Bills. 
    • Select Account and then Proceed to Pay 
    • Then, enter your UPI pin and complete your payment process. 

    When you pay a LIC insurance premium through Google Pay, you will get a scratch card worth up to Rs.1000. For more information about LIC online payment offers, you can check out the 'offers' section page of Google Pay while making a payment.

  2. Paytm 

    Paytm allows you to pay the LIC premium amount anytime anywhere as per your convenience. It includes every type of LIC plans such as LIC Pension plans, special plans, micro insurance plans, ULIP plans, and many more. To make LIC online premium payment via Paytm, you are required to follow simple steps: 

    • Select the insurance company as LIC of India 
    • Then enter the policy number 
    • The next page will show all the details of your policy such as policy number, policyholder’s name, the due date of your next premium, number of due installments, and premium amount. Validate all the details. 
    • Select different insurance offers and promo codes as per your choice for exclusive deals and cashback. 
    • Then Proceed with the payment process. 
    • Choose the mode of paying premium i.e., via credit or debit card, net banking, or Paytm wallets. 
    • Upon successful payment of your premium, Paytm will inform you by sending an email to your registered ID. 

    Paytm provides heavy discounts and offers on paying LIC insurance bills. They also offer special hotel booking offers across India, movie tickets at low prices, etc. Cashback offers are very much common when you pay via Paytm. 

  3. MobiKwik

    MobiKwik provides an easy approach to make LIC insurance online premium payments on its website and application. The user interface is easy and simple to use. With MobiKwik, you can make payments without paying any additional costs. Follow the three basic steps for a smooth LIC online payment: 

    • Select your insurance company 
    • Enter the policy number and date of birth 
    • Proceed for Payment 

    On making LIC premium payment, various cashback offers are provided by the MobiKwik such as, 

    • Save Rs.100 on the first credit card payment
    • 15% discount with MobiKwik Insurance Payment 
    • 10% Limited time discount with MobiKwik Insurance Payment 
  4. HDFC Credit Cards 

    HDFC credit card provides you various exciting discounts and cashback offers: 

    • You can get 1% cashback on LIC premium payments 
    • The maximum cashback is Rs.200 per card 
    • This offer is only valid on online transactions. 
  5. PhonePe 

    PhonePe is one of the famous and trustworthy UPI payment platforms across India in which more than millions of transactions occurring daily. With this application, you can directly make a premium payment for LIC which is a lot convenient than making bank transactions. Here's a quick laydown of the step-to-step procedure: 

    • Download or Open PhonePe application on your device 
    • Go to the Option ‘Recharge & Pay Bills’ 
    • Select the LIC Premium option. 
    • Then, enter the policy number and Email Id 
    • Click on Confirm 
    • Proceed to Pay. 

    PhonePe also offers various amazing discounts for users who wish to make LIC online premium payments via PhonePe. Check the ongoing offers on the page of PhonePe to avail of the discount and you can also be rewarded with a cashback to your PhonePe account that will directly be redirected to the registered bank account. 

Wrapping It Up!

LIC offers several ways in which the life assured can pay premiums. LIC has introduced an online portal through which insurance buyers can pay their premiums using a debit/credit card, net banking, online wallets. LIC online payment offers are also available via other applications such as Google Pay, MobiKwik, PhonePe. Payment through these applications is quite easy and hassle-free, and you can get various rewards and discounts for making online transactions.

Written By: PolicyBazaar - Updated: 20 September 2021
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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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