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In today's time, the use of the internet has made everything convenient. Starting from education to insurance, you can avail any of these services online. Just like any other insurance company, LIC (Life Insurance Corporation) has also introduced a new way of paying premiums online.
This online payment of the premium has made the payment experience quick, safe, and very easy. You also get instant confirmation, receipts, and reminders about your policy. It helps you avoid missing due dates and keep your policy active without any stress. To know everything about the process to Pay Your LIC Premium Online, join us in this blog.
Steps to Pay Life Insurance Premiums Online
Here are the steps to pay your LIC premium online very quickly and conveniently:
- Step 1: Go to the official website of Life Insurance Corporation.
- Step 2: Now, click on the “Pay Premium” option.
- Step 3: Then, select the type of premium you want to pay (including renewal, revival, or advance)
- Step 4: Enter the policy number, date of birth, mobile number, and mail ID to proceed.
- Step 5: Click on “I agree” to continue and then submit.
- Step 6: Select the preferred payment method (debit card, credit card, net banking, UPI, or wallet)
- Step 7: Confirm the entered details and make payment.
How to Download LIC Premium Online Payment Receipt?
Payment receipt or E-receipt acts as proof of premium payment for the insured. Premium payers should download it to make the process hassle-free. The payment receipt is automatically sent to the email ID mentioned at the time of payment. You can also download the receipt from the payment apps, including Paytm (My Orders), PhonePe (History), Google Pay (All Payment Activity), and Amazon Pay (Your Orders).
Benefits of Paying Life Insurance Premiums Online
Here are some of the benefits of paying LIC premiums online:
- Easy and Quick: The online payment of LIC premiums is very easy to do. You can easily pay the amount from home without the help of an agent.
- 24/7 Availability: You can pay the premium anytime and anywhere. Just take your smartphone, go to the official website, and follow the steps to pay.
- Multiple Payment Options: LIC’s website offers many payment options. You can choose anyone to pay your premium.
- Instant Receipt: You can also download the payment receipt after making the premium payment on the website. It will prove your policy purchase and payment.
- Safe and Secure: There is no chance of fraud in payment. Your transaction is encrypted and protected through the LIC premium online payment.
- Reminders and Alerts: You also get reminders from LIC through mail and sms. It helps you to pay premiums on time and keep your policy active.
- Track Payments Easily: At the time of online payment, tracking of policy becomes quite easier for the policyholder.
Things to Remember
Here are some points to keep in mind while paying Life Insurance Premiums Online:
- Do not pay twice using different methods. It can lead to double payment. Wait for the confirmation mail before retrying to pay.
- Update your Email ID on time to get the receipt timely.
- Always cross-check the mobile and mail ID you have mentioned.
- You can collect a receipt from the LIC branch or download it from the LIC portal, in case you have not received it by mail.
- It is not advisable to print a duplicate receipt.
Conclusion
Paying life insurance premiums online is not only the easiest but safest way to keep your policy active. Now, you can pay a premium anytime without visiting a branch office or standing in long queues. The LIC portal offers many payment options like UPI, cards, and net banking, which makes the process simple. Most of the insurer also offers a premium payment option for LIC plans. It offers instant confirmation, receipts, and timely reminders, so you never miss a due date. Just by paying Life Insurance premiums online, you can keep your policy active and save time.
FAQs
<You can pay your LIC premium online through the official LIC website using a debit card, a credit card, UPI, or net banking.
LIC premium online payment means paying your life insurance premium on the LIC portal without visiting a branch.
Yes, you can pay life insurance premiums anytime through online mode. You just have to go to the official website and click on the “pay premium” option.
Yes, Life Insurance Corporation's premium online payment is fully safe and secure with encrypted transactions.
Yes, you get an instant online receipt on your mail ID. Also, you can download it directly from the portal or the payment app.
By clicking on You, Agreed to our Privacy Policy & Terms of use *Disclaimer
- 5.5 CoreRegistered Consumers
- 50+Insurance Partners
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