LIC Online Payment Via HDFC Bank

If you have a LIC policy and are an HDFC account holder, online premium payment for all policies becomes easy. HDFC offers a wide range of options by which you can easily make your insurance payments. Not only this, you can also enjoy several benefits like earning rewards, cashback, and alerts for LIC premium due dates through HDFC.

Read more

LIC Online Payment Via HDFC Bank

If you have a LIC policy and are an HDFC account holder, online premium payment for all policies becomes easy. HDFC offers a wide range of options by which you can easily make your insurance payments. Not only this, you can also enjoy several benefits like earning rewards, cashback, and alerts for LIC premium due dates through HDFC.

Read more
LIC Plans-
Online Payment Service for all LIC customers
Multiple payment modes for the online payment
Hassle-free policy premium payment process
Instant payment acknowledgment
Lets Get LIC Payment Done
Pay your insurance premium online
Continue
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on "Continue" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company
Get Updates on WhatsApp
Scan the QR Code and be directed to our in-app Policy Renewal page
Scan the QR Code
Or Get the Payment Link on Mobile
+91
Send Link
Please wait. We Are Processing..
Use our app to get started with your policy renewal
Please wait. We Are Processing..
Great!
A link has been sent on SMS and Whatsapp to make instant LIC premium payment through Policybazaar mobile app.

Let us explore the process of online payment through HDFC bank.

LIC Premium Payment Through HDFC

Let us now see how to pay insurance premiums online using HDFC:

Visit the official site: The first step is to visit HDFC's official website and select "insurance premium payment" option. 

Selecting your preferred payment mode: Upon entering the premium payment page, you will see several banking options through which you can make the payment. 

The following options are available: 

  • Net banking: To pay your LIC premium through HDFC Net banking in a faster way, follow these steps:

    • Register yourself for the HDFC net banking facility.

    • After registering, log in to your account using the credentials.

    • Choose the bill payment option.

    • Select LIC from among the several options appearing.

    • The due amount and date will be displayed. Verify your details before approving the payment.

    • Follow through the process to complete your LIC premium payment procedure.

  • Credit cards: You can pay the LIC premium using HDFC VISA, Mastercard, Maestro, and international credit cards. HDFC credit card offers quick and easy access to online payments. It is commonly used due to its high flexibility and benefits such as:

    • Receiving alerts well in time before the due date

    • Availing standing instructions facility on the credit card 

    • Receiving cashback for the first 6 months of premium payment

  • Phone Banking – LIC premium can also be paid using HDFC phone banking. The bank has regular offers and discounts, especially for LIC payments. You can make timely payments to receive different offers and cashbacks.

Irrespective of what option you choose for making the payment, entering the correct policy number, date of birth, policy details, and credentials is crucial. Enter the mobile number and email ID that is linked to your HDFC bank. 

Make sure the details entered are correct that are also displayed on the banking portal to complete the transaction. Providing the necessary details ensures correct premium payment and receipt generation that you might require for future reference. 

Other Methods of Paying LIC Premium Through HDFC

LIC insurance premium can also be paid in the following ways through HDFC bank:

  1. SmartPay

    This option is available to HDFC bank credit card users only. You can avail of this option either by registering at the bank's branch or choosing the online option. Choose the smart pay option from the dropdown menu on the insurance premium payment page. Register with SmartPay to receive alerts and regular reminders for upcoming payments. It provides a seamless experience for paying insurance bills.

  2. BillDesk Bill Pay

    You can use this portal to pay your LIC premium online through HDFC. Billdesk is an online payment gateway in India. Customers can access the portal on HDFC bank's website and pay immediately with and without registration. It is a fast and secure way of paying LIC insurance premiums using an HDFC credit card.

  3. Register & Pay

    This requires you to make payments after registering with the HDFC bank Credit card. It allows you to make automatic payments by choosing the autopay option. In addition, it ensures timely payments of the premium through your card. There is a small transaction fee of Rs 10 for using this option.

Points to Note

There are some essential points to keep in mind while paying LIC premiums online. These are:

  • You can avail of this facility only if you are an HDFC account holder. 

  • To start paying your LIC premium through HDFC, you need to register yourself. For this, you have to fill in a form providing all the necessary details and submit it to any of the HDFC authorized branches. The bank intimates through SMS or email upon successful registration.

  • You can pay premiums for as many as 5 LIC policies through HDFC. Ensure providing correct details of all the policies in the form.

  • You will receive regular payment receipts from HDFC after each successful premium payment. This will also reflect in your bank passbook.

In Conclusion

With multiple banks providing insurance services to their customers, the demand for insurance is also increasing. LIC offers various methods through which customers can buy policies online and pay their premiums. It has authorized banks like HDFC to improve the payment process for its customers. 

All online processes are hassle-free and quick. However, you can contact the bank’s customer care in case of any inconvenience. Make sure to set alerts for timely payments and reduce the chances of attracting a late fee.

FAQ's

  • What is the eligibility to avail the facility of LIC online payments?

    This service is exclusive for HDFC account holders and policies issued by LIC branches across India.
  • Is life insurance the only insurance available online?

    No, the other types of insurance include term insurance, savings, retirement, health, and investment plans.
  • Will the customer get a receipt from the bank after paying the LIC premium online?

    The LIC premium payment made through the bank will automatically generate the receipt, which will be shared by HDFC. The payment will also be recorded in the bank's account statement.
  • Can the LIC premium be paid using mobile banking?

    Yes, you can pay the premium through mobile banking. However, it requires you to register before making the payment.
  • How do I know the application status?

    You can log in to the HDFC customer portal to know the status of the application.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
++Returns are 10 years returns of Nifty 100 Index benchmark

Simplify Your Life
By paying your LIC premiums online with Policybazaar in a few easy steps!
LIC of India
Need guidance? Ask here
LIC Calculator
  • One time
  • Monthly
/ Year
Sensex has given 10% return from 2010 - 2020
You invest
You get
View plans

LIC of India articles

Recent Articles
Popular Articles
LIC Index Plus Premium and Maturity Calculator

10 Oct 2024

2 min read

The LIC Index Plus Premium and Maturity Calculator is a valuable
Read more
Understanding LIC Surrender Value

07 Oct 2024

3 min read

Surrendering the LIC policy is an important aspect of LIC
Read more
Understanding LIC Annualized Premium: A Comprehensive Guide

20 Sep 2024

4 min read

When it comes to securing your financial future through life
Read more
What Is LIC Paid-Up Sum Assured?

20 Sep 2024

3 min read

When managing your life insurance with the LIC, understanding
Read more
Understanding LIC Lapsed Policies: What You Need to Know

13 Sep 2024

4 min read

Life Insurance Corporation of India (LIC) offers a range of
Read more
LIC Online Premium Payment

3 min read

The LIC Online Payment by Policybazaar enables policyholders to pay their insurance premiums online at their
Read more
10 Best LIC Plans to Invest in 2024

3 min read

Since 1956, LIC of India has offered several policies that combine insurance protection with wealth accumulation
Read more
Surrendering LIC Policy Before Maturity Time: Your Guide!

3 min read

The surrender value of an LIC policy is the amount given to the policyholder if they cancel their policy before
Read more
How to Check the Maturity Amount of LIC Policies?

4 min read

The LIC maturity value is the amount payable to the policyholders at the end of their policy term. To calculate
Read more

top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL