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LIC Online Payment - Options, Benefits & Process

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LIC Online Payment - LIC Premium Payment options & process

India’s only public sector investor, LIC is the most recognized and trustworthy names in the Indian life insurance domain. With its broad variety of worthwhile life insurance instruments categorised across different segments and its ever-growing list of happy customers across every part of the nation, it is hardly any surprise why LIC is consistently ranked alongside world’s best insurance companies.   

But here’s a disturbing fact: many LIC policyholders are often to be seen spending several hours standing in long queues at LIC Branch Offices to make their LIC policy premium payments.

We’re sure you’re wondering ‘Why’? Simply because a large fraction of LIC policyholders are do not know that it is easy make LIC premium payments online, without having to stand in long queues and scorching sun. And it is utterly easy to make LIC premium payments online. In fact, all it takes is a few clicks and a few seconds to make LIC payments online. This amazing online payment facility is available at the disposal of all LIC policyholders, irrespective of the type of LIC life insurance product they have invested their money into.

Using the Online LIC Payment services, one can easily pay premium payments, check your policy status and other vital policy details and it really doesn’t matter if they have registered to the LIC website or not.

Are you wondering how to make premium payments online for your LIC insurance policies? If you are nodding your head in a yes, you are definitely in for a treat. In this article, we will reveal how to make online payment for your LIC policies in just a few, simple steps.

So, let’s get started! Shall we?

How to make LIC Payments Online?

Making LIC premium payments online is fairly easy and you can make this payment using your debit or credit card. But before you jump into action and logon to the LIC’s official website to make the payment, it only makes sense to get acquainted to a few easy steps to do this without having to run from pillar to post.

The very first step is to log on to the official website of LIC. Thereafter, you will need to register as a new user by completing the LIC Online Registration process. Don’t want to register as a new user? No worries; LIC recently introduced a new tool called LIC Pay Direct. This toll helps you pay your LIC premium payment without having to essentially complete the LIC Online Registration process. Using LIC Pay Direct is simple and you can easily make your LIC online payments through credit/debit card without having to register online. 

Let’s quickly understand how you can easily make online LIC payment both with registration and without registration.

Step By Step Guide to make LIC Online Payments with Registration

Step 1: Visit the official website of LIC. Hit the ‘Online Services’ button and then hit the ‘Pay Premium Online’ button.

Once you complete this step, you’ll be directed to a different page. On this page you will find two different online LIC payment options. These are:

  1. ‘Pay Premium through e-Services’
  2. ‘Pay Direct’.

Step 2: Now click on ‘Pay Premium through e-Services.’

Upon clicking ‘Pay Premium through e-Services’, you’ll be directed to a new page. On this page you will find ‘New User’ tab.

Step 3: Now click on ‘New User’ to complete the registration process.

Upon clicking ‘New User’ tab, you will get a pop-up asking for policy details.

Step 4: Fill your policy details including Policy Number, Premium Amount, Date of Birth, etc. in order to complete the registration process.

Upon filling up the details, you will need to click on ‘Proceed’.

 Step 5: Generate a new ‘Password’ and ‘Username’ to login to your LIC account and complete the online registration process.

Once done with the selection of new ‘Username’ and ‘Password’, you will need to go back to ‘Home’ Page’.

Step 6: Now, log in to the LIC website with your new password and username.

Step 7: Now that you are logged into your LIC online account, you will need to enrol your policy. Click on ‘Enrol Policies’ and then click on ‘View Enrolled Policies’ in order to retrieve and verify your policy details.

In order to see your enrolled policies, you will need to verify the ‘Captcha’.

Step 8:  Now you will need to click on ‘LIC Pay Premium Online’ link and choose the policy for which you want to make the payment. Select the policy from the list of enrolled policies.

Upon selection of policy, you will need to click the ‘Submit’ button.

Step 9: Click ‘Pay Premium’ and ‘Submit’ buttons.

Choose the payment option. Make your selection from Credit Card, Debit Card or Net Banking.

That’s it! Now simply make the LIC premium payment.

Step 10: Don’t forget to check your registered email to see the payment receipts. Print and download your premium payment receipt.

So there you have it – 10 easy steps to make LIC online payments using your credit card, debit cards or net banking by registering online.

Isn’t it utterly easy and convenient? We’re sure you’re nodding your head in a yes!

Now, let’s move on and discuss how to make online LICpayment without having to essentially register to the LIC website as a new user.

Step By Step Guide to make LIC Online Payments without Registration

 Step 1: Visit the official website of LIC. Hit the ‘Online Services’ button. Now, hit the ‘Pay Premium Online’ button.

Upon hitting ‘Pay Premium Online’ button, you will be taken to a new page. Here you will see two options:

  1. ‘Pay Premium through e-Services’
  2. ‘Pay Direct’.

Step 2: Now in this step, you need to hit the ‘Pay Direct’ button.

Now you are taken directly to the LIC online premium payments page. Here you will need to fill up the form with your vital policy details - Policy Number, Email Id, Premium Payment Amount, Date of Birth, and Mobile number.

Step 3: Upon filling up the form, simply verify the ‘Captcha’ code and hit the ‘Submit’ button.  

Step 4: Verify your policy details. Upon successful verification, hot on the ‘Proceed’ button.

Step 5: In this step, you will select your payment option. Choose how you want to make the payment - Credit Card, Debit Card or Net Banking. Now simply make your LIC online premium payment.

Step 7: Remember to check your registered email to get the payment receipts. Print and download the premium payment receipt for your records.

Not only can you make LIC online payments using the LIC Pay Direct method, you can also check LIC Transaction Status or Online LIC Payment Status by entering your Policy number and the date of Transaction.

Over to You!

We’re sure now you’ll agree that it is easier than ever to make LIC online payment through credit card, debit card or netbanking online.  Now, go ahead and put this learning into practise and save yourself from the hassles of standing in long queues by paying for your LIC insurance policy online. 

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