Wednesday , 29 March 2017
Home » How to Series » [How to] pay LIC premium online – with & without Registration

[How to] pay LIC premium online – with & without Registration

30,362 views

lic-premium-payment-online

Are you still lining up in long queues to make the LIC premium payment ? Are you not using the online feature to make the LIC Premium payment.

In this post, I will explain the steps to make the LIC premium payment online.

You can pay LIC premium online

  • if you are registered user on LIC Portal or
  • without any registration – (LIC has started this new feature)

 A.  For making payment after Registration on LIC Portal

Registration on LIC portal is simple.

Just follow the 2 steps mentioned in my earlier post –  How to register on LIC Portal

 http://www.licindia.in/online_payment.htm

Once you logon to LIC portal, you will see the “Pay Premium online” link on right hand side.

lic1

  1. Click on the ‘Pay Premium Online” link and you will see a list of enrolled policies.
  2. Select the policies for which you want to make payment and click on the SUBMIT button
  3. You will then be re-directed to – Payment Option screen
  4. You can make payment via NetBanking / Debit Cards / Credit Cards. Small fees applicable for making payment via debit or credit card ( Rs 12 – Rs 35)
  5. Simultaneously successful/unsuccessful transaction message will be flashed.
  6. On successful transaction, a digitally signed e-receipt will be generated and e-mailed to you. In case of an unsuccessful transaction you will be informed and the reason thereof.
  7. Once the payment is processed successfully, you can view your receipts online.

B. For payment of LIC premium without registration

 http://www.licindia.in/online_payment.htm

1) Visit LIC home Page & Click on – “Online Services”

 lic2

 On the Next screen, Click on “LIC PayDirect”

http://www.licindia.in/online_payment.htm

 lic3

Enter your details like  Policy Number,  Premium amount, date of birth, email id & mobile number correctly

Online premium payment should be made by the policyholder himself. No third party payment should be made using this mode of payment.

lic4

 Once you enter Submit, you will get another screen to verify the information. You can can also add more policies here.

Once done, click on – CheckOut.

In the next screen, select the policies for which you want to pay premium, and click on “Submit”

 

lic5

lic6

Select the Net Banking / Debit or Credit card & make the payment.

On payment, it will flash message whether the payment was successful or unsuccessful.

On successful payment, you will get an automatic receipt for your LIC premium payment.

Feedback  :  Please share your experiences in making the LIC premium payment online. Pls use the comments box below.

If you have any queries related to this article or any other personal finance query ( Investment, Taxation etc), please comment below

http://wealth18.com/

About wealth18

The author is a Chartered Accountant and loves to write about Personal Finance, Wealth Management, Taxation etc. Disclaimer - The articles on this website is for informational and knowledge purposes and should not be treated as financial advice, Please consult your financial advisor before taking any investment decision.

4 comments

  1. last night when i trying to deposit the LIC premium so the Debit card option was not getting click on selection, so that’s why i can go with the below option which is the IDBI bank gateway. So payment with iDBI Bank gateway is good or not

  2. Unable to pay the premium in this way.. Please suggest me.. I want pay the premium by HDFC credit card..

Leave a Reply

Your email address will not be published. Required fields are marked *

*

6000 + Subscribers – Subscribe to our New Posts

Copy Protected by Chetan's WP-Copyprotect.