LIC premiums can now be paid online through the credit card. To avail this option, a mandate form has to be submitted with necessary credentials. The Electronic Clearing Service (ECS) enables people to pay their premiums on time every time.
The sector of insurance has evolved in many ways over the last few years. From a time when people needed the assistance of agents to people researching, comparing, and purchasing policies online in today's date, the framework of insurance is evolving.
Amidst such times, being able to purchase LIC policy, update information, and more through the digital media is a breakthrough. One of these breakthroughs is the online premium payment mode made available by LIC for its users. From the comfort of their homes, customers can pay their monthly/quarterly/yearly premiums online and accomplish more tasks.
Policyholders can choose to pay their premiums towards LIC in a variety of ways. One of the most hassle-free ways is through the means of Electronic Clearing Service or ECS. LIC offers this facility to its customers in order to make the process of paying premiums easy and fairly uncomplicated. Apart from the feature being free of cost, it acknowledges requests from every policyholder, despite the location of their home branch.
There are certain preconditions for this feature that LIC lays down for its customers:
Apart from rendering lives easy through its versatile feature, ECS facility also allows customers to make payments through debit cardand credit cards as well. The policyholder will only be required to provide his/her accurate details to the bank for a standard deduction every month. The bank deducts the money only upon receiving an intimation from LIC.
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
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