LIC Online Payment - LIC Premium Payment options & process

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LIC is one of the most trusted and sought after names in the Indian life insurance sector. With a wide range of rewarding life insurance products across different categories and over 23 crore happy customers across the country, it is hardly a surprise that LIC is rated alongside some of the world’s best insurance companies.

But a large number of LIC policyholders spend endless hours waiting in long queues at LIC Branch Offices to make their LIC premium online payments. Why? This is because they remain heedless of the fact that premium payments for their LIC policies. Online LIC payment facility can save you from all the hassles.

Online Payment for LIC is available to all policyholders, irrespective of the LIC life insurance product they have purchased. Using the Online LIC Payment services, you can easily pay your premium payments within a matter of a few minutes, check your policy status and policy status, whether you are a registered user 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 in for a treat. In this article, we will reveal how to make online payment for LIC policies.

So, let’s get started! Shall we?

How to make LIC Payments Online?

It is very easy to make LIC online payments through credit cards or debit cards; all you need to do is follow a few very easy steps. The very first step is to log on to the official website of LIC. Then, you will need to register as a new user by completing the registration process. However, LIC recently introduced a new tool called LIC Pay Direct that helps you pay the premium without having to necessarily complete the Online Registration procedure. Using LIC Pay Direct is easy and you can easily make online LIC payment through credit card/debit card without having to register online. 

Let’s now look at both the ways to make Online LIC payment.

Step By Step Guide to make LIC Premium Payments with Registration

Step 1: Login to the LIC’s official website- www.licindia[dot]in and on ‘Online Services’ tab. Then, click on ‘Pay Premium Online’.

Step 2: You will be routed to a page where you will find two options – ‘Pay Premium through e-Services’ and ‘Pay Direct’. Here, click on ‘Pay Premium through e-Services.’

Step 3: You will be routed to a page where you will need to click on ‘New User’ in order to complete the registration process.

Step 4: Now you will need to submit your policy details such as Policy Number, Premium Amount, Date of Birth, etc. to complete the registration process. Once done, click on proceed.

Step 5: Now, you will need to create a new ‘Username’ and ‘Password’ of your choice to complete the online registration process of LIC.

Step 6: Now, go back to the ‘Home’ Page and log in with your new username and password. Then, Click on the ‘Submit’ button.

Step 7: Once logged in, enrol your policy and retrieve your policy details from the tab ‘Enrol Policies’ on the left-hand side of the screen. Now, click on ‘View Enrolled Policies’.

Step 8: Verify the ‘Captcha’ to see enrolled policies. Then, click on the ‘LIC Pay Premium Online’ link and select the policy for which you need to make the payment from the list of all your policies. Then, click on the ‘Submit’ button.

Step 9: Now select ‘Pay Premium’ and Click on the ‘Submit’ button. Select the payment option from LIC online payment through Credit Card or Debit Card or Net Banking. Now, make the payment.

Step 10: Check your email for payment receipts. Then, print and download the premium payment receipt for your records.

That’s it! You’re all set! It is utterly easy and convenient to make LIC online payments through credit or debit cards by registering online. Now, let’s discuss how you can make Online LIC payment through credit card or debit card without having to complete online registration process.

Step By Step Guide to make LIC Online Payments without Registration

 Step 1: Login to the LIC’s official website- www.licindia[dot]in and on ‘Online Services’ tab. Then, click on ‘Pay Premium Online’.

Step 2: You will be routed to a page where you will find two options – ‘Pay Premium through e-Services’ and ‘Pay Direct’. Here, click on ‘Pay Direct.’

Step 3: You will be routed to LIC online premium payments page. Once on this page, fill in all vital details including Policy Number, Premium Payment Amount, Date of Birth, Email Id and Mobile number. Verify the ‘Captcha’ and Click ‘Submit.’

Step 4: Now you will need to submit your policy details such as Policy Number, Premium Amount, Date of Birth, etc. to complete the registration process. Once done, click on proceed.

Step 5: Now, you will need to create a new ‘Username’ and ‘Password’ of your choice to complete the online registration procedure.

Step 6: Now, select the payment option from online payment for LIC through Credit Card or Debit Card or Net Banking and make the payment.

Step 7: Check your registered email for payment receipts. Then, 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 LIC Online 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 use the LIC online registration process and make premium payments through credit card, debit card or netbanking. 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. 

However, LIC recently introduced a new tool called LIC Pay Direct that helps you pay the premium without having to necessarily complete the Registration process. Using LIC Pay Direct is easy and you can easily make LIC premium payments online using your policy details. 

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