LIC Merchant Login and Registration

LIC Merchants are authorized representatives of the Life Insurance Corporation of India, responsible for collecting premiums from policyholders.

Who is a LIC Merchant and How Do They Use the Merchant Portal?

LIC Merchants are individuals or businesses authorized by the Life Insurance Corporation of India (LIC) to collect premiums on behalf of the company. They act as intermediaries between LIC and policyholders, simplifying the premium payment process. LIC Merchants can access a dedicated online portal to view policy details, track transactions, and manage their services effectively. This initiative aims to expand LIC's reach and provide convenient payment options for policyholders.

What Functions Does a LIC Merchant Perform in the Merchant Portal?

The LIC Merchant is a mediator between LIC and its policyholders. Their below listed are the key functions of the LIC Merchant: 

  1. Collecting premiums: Collecting premiums from policyholders on behalf of LIC. 
  1. Managing invoices: Generating, updating, and depositing invoices related to premium payments. 
  1. Assisting customers: Providing policyholders with information about loans, surrenders, and other policy details. 
  1. Promoting sales: Marketing LIC products and offering additional riders to meet customer needs. 

Eligibility Criteria for LIC Merchant Login and Portal Access

The eligibility criteria to become an LIC merchant is as listed below: 

  1. The applicant should be a minimum of 18 years of age. 
  1. The applicant should have completed at least 10th grade from a recognized institution. 
  1. It is mandatory for the applicant to have a PAN card.  

Steps to Become an LIC Merchant and Access the Merchant Portal

Follow the steps given below to become an LIC Merchant: 

Step 1: Visit the nearest LIC branch and meet with a development officer. 

Step 2: Attend an interview arranged by the officer to assess your suitability. 

Step 3: If selected, LIC provides training to equip you with the necessary knowledge and skills for the role. 

How to Login to the LIC Merchant Portal?

Follow the steps mentioned below to login to LIC merchant portal -

Step 1: Open the official website of LIC.

Step 2: One can select "Online Services" from the menu on the left, then click "Merchant Portal" under that.

Step 3: Choose 'Login' by clicking.

Step 4: Enter the information requested on the portal, such as the "User Name" and "Password."

Step 5: Following the completion of the details, select "Submit."

LIC Merchant Login

How to Change Your LIC Merchant Portal Login Password?

Follow the steps mentioned below to change the password of your account on Merchant portal -

Step 1: Open the LIC of India website.

Step 2: The "Merchant Portal" link under the "Online Services" page should be clicked.

Step 3: Then click on ‘login’ button.

Step 4: Next, select the ‘Change password’ button.

Step 5: User ID and the current password must be entered.

Step 6: You have to enter your ‘New Password’ and then click the ‘Confirm’ button.

How to Update Your Email ID in the LIC Merchant Portal?

The steps mentioned below informs you on how to update your email ID on Merchant portal -

Step 1: Visit LIC of India's official website.

Step 2: To access the Merchant Portal, select the Online Services option.

Step 3: Select the login option.

Step 4: Click the ‘Update Email ID’ and you will receive an OTP in your email ID.

Step 5: After entering the OTP, you will be able to update your email ID

FAQs on LIC Merchant Login and Registration

  • How can I open a LIC Merchant account?

    Visit the Life Insurance Company of India's official website. Under the menu tab "Online Services," click the "Merchant Portal" link. Enter the proper password and your user ID. After changing your password, confirm it.

  • What does Merchant LIC mean?

    LIC agents can maintain the accounts of their policyholders and carry out different transactions via the LIC Merchant Portal, an online platform. You may get all of your LIC needs met here.

  • What is a Merchant portal?

    With the BDO miniPOS, a secure web-based system known as the "Merchant Portal" allows merchants to access and track payment transactions. "Mobile Payment" refers to payment services where the Card/Account holder pays the MERCHANT for the goods or services delivered via his or her mobile device.

  • What is the official website of LIC of India?

    The official website of LIC of India is www.licindia.com.

  • How do I update my KYC on the LIC portal?

    Visit the LIC website, log in using your username and password, and then select eServices. Choose KYC update, fill out your paperwork online, and submit it. You'll have an update to your KYC after verification.

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