Here are some methods with which you can pay the LIC life insurance policy premium very easily sitting at home without any charges. No charges on payment by Debit card and Credit Card.
Convenience Fee and other charges for different payment modes. Payments through Credit Cards are subject to a “Convenience Fee”.
The “Convenience Fee” applicable is entirely borne by LIC. There are no charges for payment through Debit-card, Net-banking, Wallet and UPI.
LIC online payments
Payments through LIC Portal or Mobile APPs (PayTM/PhonePe/Google Pay/Amazon Pay/ Mobikwik)
1) Payment through LIC official website.
LIC payment from Google Pay Mobile App
To pay the LIC policy premium, link your LIC in the Google pay app and pay the premium immediately.
Steps:
Open Google pay app, type LIC of India in the search bar.
Once you get the LIC link open, type your LIC policy number and link to pay the premium. This is a one-time linking process to make payments in the future also.
After the registration, your name would appear for paying the premium. Once the Policy number is linked, Google pay would show the premium details directly
LIC Policy premium payment from the PATM app also can be made sitting from the office or home. Travelling to the LIC office
for making Policy premium payments, standing in line, writing the cheque, so many problems can be avoided by paying through this app.
LIC policyholders can also visit the PAYTM LIC payments website for making policy payments online.
LIC policy premium payment made easy with Phonepe app. This software made our lives very easy for making tension-free payments from wherever we are. Sitting at home or office, on the weekends, Government holidays or lockdowns, no need to worry about making life insurance payment.
The process is very easy, just download the Phonepe app from Google App website or Phonepe website
In the app desktop itself, the LIC Premium link is given, The navigation is very easy. Just click that link and the process starts.
Once payment is done, don’t forget to download the receipt. Update your Agent also and ask him to check the status.
If you are paying by any other means than at the LIC counter, please ask your agent to confirm the payment credit to your policy within 3 days from the payment.