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LIC Payment Through Paytm Wallet

The Life Insurance Corporation of India is the nation’s oldest and renowned insurance company. The LIC of India has a whopping customer base of 250 million and more and is the country's largest life insurance planner.

Having the right life insurance plan helps to achieve any long-term objectives and the financial safety net for the family in case of any unfortunate event. To avail the maximum benefits. It becomes important to pay the LIC premiums timely. In today's fast-paced world, to pay the LIC premium you need not visit the branch.

Wondering, how to make the LIC premium payment?

Well, you can make the LIC payment through Paytm wallet and so forth.

Pay Premiums for LIC Plans at Paytm

Paytm is surely one of the most opulent mobile payment applications and has introduced the option of LIC premium payment. The LIC payment through Paytm wallet has surely made the lives easy, can be accessed at any point in time and from anywhere.

How to Pay the LIC Premium Payment Online With Paytm?

To make the LIC payment through Paytm wallet, all you need to do is follow some steps and you will be done with the successful LIC premium payment.  Now no more standing in the queue to get the LIC premium payment done.

Listed below are the steps to make the LIC online payment through Paytm:

  • Open the Paytm app.
  • In the search box type ‘Insurance’ and search.
  • Now, it will show you an option of ‘Insurance/LIC Premium’. You need to tap on that.
  • Select the insurer as the Life insurance Corporation of India.
  • Next, enter the nine-digit policy number.
  • Now the policy details such as the policyholder name, policy number, due instalment number, due date of premium and the premium sum will reflect on the screen. Cross-check all the details.
  • For exclusive deals or cashback, you can pick any of the insurance offers and the promo code as per your wish. Further, tap on ‘Proceed’ and you will be taken to the payment gateway.
  • Now, you have the option to choose the preferred mode of payment that is Paytm wallet, net banking or debit/credit card. The payment method of Paytm is secured so do not worry about the money.

Post the payment has been done successfully, a message will be shared shortly both on the registered mobile number and e-mail id for any further reference. In case an error occurs during the LIC premium payment procedure, the amount will be refunded in the actual model for the used transaction.

The LIC payment through Paytm wallet or any other preferred mode is completely hassle-free and can be done as per your suitability or choice. This one-time process saves the policy details automatically for the next LIC payment of the premium and then you can make the payments easily using the Paytm from next time.

Written By: PolicyBazaar - Updated: 01 March 2021
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