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.

Read more
Get ₹1 Cr. Life Cover at just ₹449/month*
No medical checkup required
Save more with upto 10% discount
Covers COVID-19
Tax Benefit
Upto Rs. 46800
Life Cover Till Age
99 Years
8 Lakh+
Happy Customers
*Tax benefit is subject to changes in tax laws. *Standard T&C Apply
** Discount is offered by the insurance company as approved by IRDAI for the product under File & Use guidelines
Get ₹1 Cr. Life Cover at just ₹449/month*
No medical checkup required
Save more with upto 10% discount
Covers COVID-19
View plans
Please wait. We Are Processing..
Get Updates on WhatsApp
By clicking on "View plans" you agree to our Privacy Policy and Terms of use

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.

Types of Term Plans

Life insurance articles

Recent Articles
Popular Articles
Difference Between Life Insurance and Life Assurance

13 May 2022

Many Individuals consider life assurance and life insurance as...
Read more
Documents Required to Buy a Life Insurance Policy

11 May 2022

Are you planning to purchase a life insurance policy? If yes...
Read more
Ukraine- Russia War: Does Life Insurance Policy Cover death in War abroad? – All You Need To Know

06 May 2022

Whether your life insurance policy coverage will remain in force...
Read more
What is the Difference Between Participating and Non-Participating Life Insurance Policy?

05 May 2022

Understanding the importance of life insurance and its small...
Read more
Joint Life Policy- All You Need to Know

05 May 2022

Life insurance plans secure your life goals and protect your...
Read more
How to Check LIC Policy Status, Details, Statement via Online/SMS/Call
Last year, Mr. Rajiv Verma bought a Child LIC policy to provide financial security for his kid's future. However...
Read more
How to Cancel SBI Life Insurance Policy?
As per the Insurance Regulatory and Development Authority, you can cancel a life insurance policy taken within 15...
Read more
PLI Santosh Maturity Calculator
Maturity calculators have proven to be one of the simple tools for digital-savvy insurance buyers. Postal Life...
Read more
SBI Life Insurance 50,000 per year Plan for 5 Years
Life insurance is not only about the financial protection of the family but also about working for life’s...
Read more
Surrender Value in Insurance
Surrender Value in Insurance Have you bought a life insurance policy which is not as per your requirement? Are you...
Read more
View Plans
Download the Policybazaar app
to manage all your insurance needs.