LIC Online Payment PhonePe

LIC offers a range of insurance products like ULIPs, pension plans, and child plans. With a strong physical presence in the country, LIC has established its brand presence online as well. The company also offers both online and offline premium payment modes to its customers. This article gives an insight on such payment modes, especially focusing on LIC premium payment through PhonePe.

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Different Online Payment Methods

LIC’s new initiative of Online Payment Gateway is an on-demand service for customers. It allows them to avail several provisions provided by the company at their fingertips. However, this payment gateway initiative is only available for customers who have registered their policies. 

The premium payments for the registered policies can be made by using any of the following online payment methods:

  • Net Banking

  • UPI

  • Debit Card

  • Credit Card 

What is PhonePe?

PhonePe is a digital payments app that processes payments through Unified Payment Interface (UPI). The customers can pay your premium through a quick log in and entering policy credentials. 

Apps like PhonePe are highly efficient and help you make your premium payment in a short time. PhonePe can be used to make direct payments to the merchant. This can be done either by using the merchant’s phone number or scanning QR code. The app also sends a confirmation message of the payment and a receipt link for future reference.

Steps Pay through PhonePe

The steps to make your LIC premium payment via PhonePe include:

  • Download the PhonePe app from play store

  • Register yourself on the app

  • Fill in your bank details to link the account

  • Click on LIC icon

  • Enter payment details

  • Confirm the payment and collect the receipt

To view your e-receipt, click on “view receipt.” You can even download it for claiming tax benefits.

LIC Premium Payment Online for All Users

The payment methods for registered and non-registered users only differ a little. A registered user has an account on the official website and is vested with your account credentials. You can log in every time and keep track of all your policies and premium payments. 

Being a registered user makes the payment and tracking any transaction easier. But if you are not a registered user, you still can pay your premium online as a guest user.

For users who want to pay the LIC premium online, follow these steps:

  • Visit the official online portal of LIC and open premium payment page. Here you will find two options: “pay direct” and “pay premium through e-services.”

  • If you are a registered user, choose “pay premium through e-services.”

    • Enter your LIC credentials and click “submit.”

    • View your policy details and then select the “online payment of premium” option.

    • You will reach the payment gateway page, where you can make the payment by any payment method of your choice.

  • If you are a non-registered user, select the “pay direct” option.

    • Select the premium payment option from the drop-down.

    • Complete the 3-step process after that, including customer validation, premium particulars, and payment.

    • Customer validation will require you to enter the policy number and date of birth. In premium particulars, you have to enter the details about the premium. Finally, on the payment page, you can make the payment using the payment method best suited for you.

  • After completing the transaction, you can download the e-receipt to keep it for future records. 

In Conclusion

The company is committed to the service of its customers. Therefore, it has made online payment available as a forward in that direction. You can pay your premium as a registered or guest user. 

You can pay your LIC premium amount online via debit/credit card, UPI, and Net Banking. PhonePe provides you with an easy way to complete your payment free of cost. For any inconvenience, you can contact their customer service.


  • Do I need to be a registered user to pay my LIC premium online?

    You don’t necessarily have to be a registered user on the LIC website to pay your premium online. You can also pay your premium through the official website as a guest user.
  • Will there be any additional charges if I pay LIC premium online?

    No, extra charges are levied if you attempt your LIC premium payment online. However, if you make your payment via third-party apps, they may charge a small service sum.
  • Which app is best for LIC premium payment?

    There are several third-party apps like PhonePe, Paytm, BHIM, Google Pay, etc., that you can use to make your LIC payments online.
  • How do I register for e-services if I have a registration on the LIC portal?

    If you are an already registered customer and you want to avail of e-services on your account, follow these steps:
    • Click on e-services, log in with your user ID and password
    • Fill the form and register yourself for availing the e-services with policy number (you can list more than one)
    • Print the filled form, attest it, and upload the scanned copy again
    • Attach the self-attested scanned copies of your pan and Aadhaar card
    • The office will verify and approve your application
    • An acknowledgment mail and SMS will be sent to your registered contact for the same
  • Can I add policies in the name of my family members?

    Yes, you can register policies in the name of your family members only if the person is a minor. As soon as they grow up and attain the age of a major, a new and separate user ID has to be maintained to avail of e-service.
  • How to add a new policy to the list of e-services on my account?

    • Visit the LICs e-services home page  and log in using your user ID
    • Add new policies under the option “enrol policies”
    • You can add an entire list of policies
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