Procedure to Pay Premium Using LIC Online Payment

Things have become much easier for the LIC policyholders as they no longer have to go through the strenuous and time consuming process of meeting up with the agents or visiting the office for payment related procedures. They can now pay the premium using LIC online payment service. 

The process is easy and quick. In today’s world where time is a luxury, the online payment process has come as a blessing in disguise for the policyholders.

Note to remember:

Before beginning the process of online payment, it is advised to complete the LIC online payment registration. Once the registration is completed, the LIC Life Insurance policyholder can go ahead with the procedure of paying the premium through LIC Online Payment. It will be more convenient this way.

Step by Step Procedure to Pay Premium Online - For Registered Users:

  1. First, visit the website www.licindia.in.
  2. Once you click on the link, you will come across three options in the home page namely Online Services, Corporate Portal and New User.
  3. You have to click on the option ‘Online Services. It will lead you to a page which has the option ‘Registered User’. Click on that button.
  4. You now need to fill your Login Username and Password. (You would have got your login id and password during the process of registration). After you fill out the details, click on ‘Go’.
  5. It will take you to a page which contains a lot of different options on the left side. Click on ‘Enroll Policies’. Once you click on that, your policy number and premium amount will be asked. You are required to fill out the details.
  6. Now carefully go through all the other options which are available on the left side of the menu. Click on ‘View Enrolled Policies’. It will lead to a page where you will be asked to fill in the text shown in the image. Once you click on ‘Submit’, you will get access to the enrolled policies.
  7. You can click on ‘Policy Number’ to get additional data regarding the enrolled policies.
  8. All the policy details will be laid out in front of you.
  9. Now, go through the options which are available under Customer Services. Click on ‘Pay Premium Online’ option.
  10. It will show you the list of all the enrolled Life Insurance Policies in the account. Choose the policy that you want to enroll and click on ‘Submit’.
  11. It will take you to the payment gateway page where you have to make the payment. You can choose to pay either through debit card or credit card. Choose the option according to your convenience.
  12. Based on the type of card selected, a list of banks will appear on the screen, Select the bank name and fill out the rest of the payment details such as Card Number, Expiration Date, Cardholder Name etc. Once you give all the required information, click on ‘Make Payment’ button. After the payment gets processed, the payment procedure is completed. The copy of the receipt will be sent to your registered email id.

If for some reason, you were not able to register for the LIC Online Payment, do not worry. New users can also pay the premium online easily by going through the following steps:

Procedure to Pay Premium online - For New Users:

  1. Visit the website, www.licinidia.in.
  2. Once you click on the link, three options will appear on the screen namely ‘Online Services’, ‘Corporate Portal’ and ‘New User’.
  3. You have to click on ‘Online Services’.
  4. It will lead you to a page which has two options namely ‘Registered Users’ and ‘LIC Pay Direct’. The new users will have to click on ‘LIC Pay Direct’.
  5. You will be asked to fill out the following information :
    1. Policy Number
    2. Premium
    3. Date of Birth
    4. Email ID
    5. Mobile Number
    6. Enter Text from the image shown
  6. Once you fill out all the required data, click on ‘Submit’.
  7. After that, you will be taken to the payment gateway page where you can choose either net banking, credit card or debit card to make the payment.
  8. Once the payment procedure is completed, the copy of the receipt will be sent to your email id.

If you follow the above mentioned steps carefully, it will not take much time for you to complete the whole process of online payment. Online payment will save you a lot of time and make the payment process much easier for you.

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