How to Pay LIC Premium Online after the Due Date in 2026?

The Life Insurance Corporation - LIC of India has acknowledged the troubles an individual goes through while paying premium charges offline and introduced a more user-friendly and digital method of making LIC premium payments. 

Suppose an individual fails to pay the premium charges within the given timeline or the LIC grace period, then the policy lapses. But an individual can efficiently restore the policy by paying the due premiums along with minimal LIC late fee charges. The introduction of the online method has efficiently increased the credibility of the services provided by the company.

Grace Period of LIC Premium Payments

There are many reasons for not being able to pay the premium charges within the due date of your life insurance policy. LIC understands the various reasons for the inability and provides a grace period for all the policyholders to pay LIC premium payments of their policy.

The policyholders get the option of choosing the mode of premium payments, which includes annually, semi-annually, quarterly and monthly, and the due date is fixed accordingly. Grace period is the time period after this due date which allows policyholders some time to pay their premium and also keep their policies active.

The grace period allotted under LIC policies is 30 days if the policyholder makes the LIC premium payments annually, half-yearly and quarterly. If a policyholder pays premium charges monthly, then the LIC grace period is reduced by 15 days from the last due date. The grace period is applicable for all life insurance policies like term insurance, retirement plans, ULIPs, endowment plans and others.

If an individual fails to pay the premium even during the LIC grace period, then the policy lapses. In the LIC grace period, the financial coverage continues, and the individual gets a chance to pay the premium charges after the due date. However, that is not the case if you fail to pay the premium within the grace period and hence, your policy lapses.

How to Pay LIC Online Premium Payment after Due Date?

If an individual fails to pay their due premium charges within the required timeline, which includes the grace period, the LIC policy lapses. But the individual can easily pay their unpaid premium charges online along with late fee charges and can easily revive the lapsed policy. 

There are two methods in which a LIC policyholder can make their late LIC premium payments online. The methods are mentioned below, including steps to follow for making the payments:

Through Customer Portal

1. For Registered Users:

   • Visit the customer portal of the insurance provider.

   • Then click on “Registered User” present on the centre menu.

   • Fill in required credentials like user id, password, and date of birth to log in.

   • After logging in, go to "Self" or "Policies".

   • Then click on "Online Premium Payment".

   • Then choose the option of "Renew/ Revival".

   • Choose the mode of payment.

   • Check the registered mail id.

   • Download the payment receipt.

2. For New Users:
   Suppose an individual is new in executing the online services and does not have an online account in the customer portal and wants to pay LIC premium online. In that case, the following steps will be helpful:

   • Visit LIC’s customer portal from their official website.

   • Click on “New Users”

   • Fill in the required details like policy number, date of birth, registered mail id and phone no., and gender.

   • Click “Proceed”

   • After registration, click on "Policies".

   • It will show the status of the lapsed policy

   • Then click on "Online Payment".

   • Select “Renewal/Revival”

   • Check the mail id.

   • Print the payment receipt.

Direct Payment

Policyholders who wish to pay premium online direct to LIC for their policy can do so without any online registration to an account in the customer portal.

• Visit the official website of the Life Insurance Corporation of India.

• Click on “Online Premium Payment” present at the left-side menu of the home page.

• Click “Pay Direct”

• Select “Renewal Premium/Revival”

• Select “Proceed”

• Fill in the required credentials like policy number, date of birth, registered mail and phone no.

• Fill in the premium particulars.

• Select the mode of payment.

• Download and print the e-receipt.

What are Late Fee Charges for LIC Policies?

If a policyholder is unable to make LIC premium online payment after due date, meaning not within the extended timeline (grace period) then the policy will lapse. The individual will need to renew the policy if they want to maintain financial coverage under the policy. To continue the policy cover, the customer needs to apply for online revival of the LIC policy and pay the unpaid premium charges and LIC late payment charges.

The policyholder can renew their policy within a minimum of 6 months to a maximum of 5 years starting from the first unpaid due date. According to the different policies, the late fee charges rate includes 6%, 7.50%, and 9.50%. The high-risk policies have more significant late fee charges, and low-risk policies have lesser late fee charges. The charges increase in terms of increasing months the policy remains unpaid. Some conditions concerning late fee charges are:

• 1st month is counted in 45 days

• The 2nd month is counted from 45 days to 75 days and goes respectively.

You can use the LIC premium payment late fees calculator to get the idea of the charge you would have to pay as late fees for your policy.

How to Check LIC Policy Due Date and Revival Quotation Online?

Before paying the late fee for LIC premium charges, the first step is to double-check the LIC due payment date of the policy for which an individual is about to pay and get the knowledge about the revival quotation, i.e., the amount required to be paid to revive the policy.

To check the LIC due date and Revival Quotation, an individual must log in to their respective accounts in the official customer portal of the insurance company. The steps to logging in to the account are given further in the article. If an individual is new to online services, they need to register themselves with the required credentials to access the online services.

After successfully logging in to the online account, the customer can readily check the LIC due date, revival quotation of the lapsed policy, policy details, LIC grace period, late fee interests, and much more available under the section of online services. After checking the LIC due payment date and revival amount, the customers can easily renew their policy at their convenience.

LIC Policy Revival Online Options

If your LIC policy has lapsed due to missed premium payments, LIC's Special Revival Campaign offers an opportunity to bring it back into force and continue enjoying life insurance protection. The campaign is available from 1 January 2026 to 2 March 2026 for eligible individual lapsed policies.

As part of this campaign, LIC is offering a concession of up to 30% on late fees, subject to specified limits. Policyholders with Micro Insurance Plans can receive a complete waiver of late fees.

Late Fee Concession Under the LIC Revival Campaign

Who Can Avail This Revival Benefit?

The LIC revival campaign applies to eligible individual policies that:

• Have lapsed during the premium-paying term

• Have not completed their policy term

• Are within five years from the date of the first unpaid premium

• Meet LIC's revival terms and conditions

Please note that there is no relaxation in medical or health-related requirements wherever applicable.

Why Revive a Lapsed LIC Policy?

It may be better to renew an old policy than to buy a new one. It can help restore your life cover, secure the financial future of your family and won't require you to start over. In particular, this exceptional campaign helps policyholders who have temporarily had financial or personal difficulties and may have forgotten to pay their premiums.

If you have a lapsed LIC policy, this limited-period LIC revival campaign can help you reinstate your coverage at a lower cost and regain valuable financial protection for your loved ones.

The Final Verdict

LIC has been maintaining its high credibility and performance in the customer services domain. The insurance company has been acknowledging the difficulties of its customers. Therefore, they allow policyholders for LIC premium online payment after due date has passed by providing them a grace period. There are no late charges if you pay the premium within the grace period and your policy and insurance coverage also stays active. However, if you don’t pay even in the grace period then the policy lapses and to revive the policy you must pay the due premium along with the late fees this time. To avoid the penalties, it is recommended to regularly pay the premiums or avail of the different payment benefits that the respective policies offer. However, the revival process under LIC is not a prolonged method, and the customers can effortlessly restore their lapsed policy in a tech-abled and hassle-free way.

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