LIC Payment Online: Understand The Process!

Life Insurance Corporation of India, a renowned name in the field of insurance for decades, has created a mark for itself like no other insurance company to date. LIC specializes in serving different insurance plans to its customers depending on their needs and requirements such as investment plans, saving plans, health plans, child plans, and many more.

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With years of experience and delivering policies with top-notch quality and suitability of the buyers, Life Insurance Corporation of India has created trust and reliability amongst the insurers in India.

We are past the days of long queues outside the LIC’s branch office just to pay your premium dues. As the world is moving towards digitalization rapidly, so is the Life Insurance Corporation of India.

Now premium payments are just a click away. Here, you will understand the complete online premium paying process of LIC.

LIC of India Online Premium Payment

Sitting at your home and depositing your LIC premium with just a few simple steps is something people in the 80s would never imagine. Even though both online and offline processes of LIC premium payment are available in the market, individuals are getting attracted to the simple and hassle-free online process more.

Let us discuss the LIC of India’s online premium payment method in detail. However, before the payment process, here are the steps to be followed by first time users for registration:

  • Step 1: Visit LIC’s official website
  • Step 2: Click on the Customer Portal tab
  • Step 3: Click on the existing user if already registered and enter your credentials
  • Step 4: If a new user, click on the new user tab
  • Step 5: In the next screen, you will be required to fill in the following details
    • Policy number
    • Date of Birth
    • Email address
    • PAN Card number
    • Gender
    • Mobile number
    • Passport number
  • Step 6: Click on register
  • Step 7: After successfully filling in the details, you will be asked to sign up
  • Step 8: To sign up, you have to choose
    • Suitable user ID
    • Password
    • Enter your date of birth
  • Step 9: You have been successfully signed in
  • Step 10: In the next screen, select the self-policies tab
  • Step 11: You can now view your existing policies
  • Step 12: If you want to add another policy apart from the existing policies of yourself, your children, or your spouse, all you have to do is
    • Click on add policy
    • Enter your relationship with the policyholder
    • Enter policy number
    • Submit the details
    • This policy will now be reflected on your LIC e-Service page

Online Payment Facilities

After successful registration, you may need to know the LIC Premium online payment facilities offered.

To pay your premiums online through the e-Service portal, you can choose from:

  • Mode of payment
    • Net Banking
    • Debit Card
    • Credit Card
    • WALLET
    • UPI
  • Renewal premium can be made for all active policies, excluding Salary Saving Scheme Policies. Payment of premium can be made one month before the due date till the policy is in force.
  • Under VPBY and PMVVY plan policies, loan interest cannot be paid
  • All RBI approved Credit cards and Debit cards can be used for payments
  1. LIC Premium Payment Channels Online

    LIC Website

    Authorized Banks



    Net banking

    Axis Bank

    AP Online

    Premium point

    Debit Card

    Corporation Bank

    MP Online

    Life – Plus (SBA)

    Credit Card


    Suvidha Infoserve

    Retired LIC Employee Collection



    Easy Bill Pay






  2. LIC Premium Payment Channels Offline

    • NACH
    • Bill Pay
    • ATM

LIC Online Payment

For Registered Users

  • Step 1: Visit the Life Insurance Corporation of India’s website
  • Step 2: Select from the two options under online payment:
    • Pay Direct (without login)
    • Through customer portal
  • Step 3: If chosen the Pay Direct option
    • Directly select payment type (no need for login credentials)
  • Step 4: If chosen the Through customer portal option
    • Log in with the login ID and password
    • Click on sign in after filling in the necessary information
  • Step 5: Once successfully logged in, the policy number and premium amount payable need to be provided.
  • Step 6: After submitting the details, you can now view all your policies
  • Step 7: Select the one you want to pay the premium for
  • Step 8: Click on submit
  • Step 9: Payment gateway will be the next page you will be redirected to
  • Step 10: Select the suitable payment option and make the necessary payment and your premium is paid in these simple and easy steps

LIC Offline Payment

  1. NACH (National Automated Clearing House)

    Under NACH, important documents are submitted in the respective branch office of LIC for payment of premium.

  2. ATMs and Banks

    Automated Teller Machine or their respective bank branch can be used by the following banks for making the LIC premium payment offline:

    • Axis Bank
    • Corporation Bank

Here are some points to remember while making LIC premium payment offline through banks:


Not Accepted

Premium can be paid of active LIC policies only

Salary Savings Scheme (SSS) policies are not entertained

30 days advance premiums can be paid in case of a regular life insurance policy

15 days advance premium in case of term insurance policies

Signed receipt from the bank after payment of premium

ULIP and Health policy premium payments are not entertained

Premium payment can be made through cheque or demand draft

Premium payment for the upcoming fiscal year cannot be made

Sum it up!

The premium is the amount paid by the policyholder to the insurer in periodical installments, in exchange the policyholder will get insurance coverage. It can be paid monthly, quarterly, semi-quarterly, yearly (regular premium), or maybe just once at the very beginning while purchasing the policy (single premium).

With advancements in technology every passing day, online methods of payment have become more popular and stress-free.

It is important to grow with technology.

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