LIC of India - Online Premium payment

LIC (Life Insurance Corporation of India) premiums can be paid online in a hassle free way. All you need is a bank account with net banking facility. Follow the simple steps outlined here to pay your premiums from the cosy environs of your home:-

1) Log on to www.licindia.com and register yourself using a customised username and password

2) Login and enroll all your LIC policies.(Click on images to get an enlarged view)

3) Click Pay premium online on the right side of the page

4) A list of policies you have enrolled would be displayed. Check the box/boxes for which policy premium is to be paid and then click submit

5) The total no of policies selected and the total premium for the policies selected is displayed.

6) Click yes if ok. This will lead you to the payment gateway.

7) Select the bank through which you want to make payment to LIC from the drop down list of Select payment option. Then click submit. This will lead you to your bank’s internet banking facility. Enter you login id and password/ transaction password, as the case may be, of your internet banking account and complete the transaction formalities. The premium amount is transferred from your bank to LIC. Check to see if the correct amount is debited from your bank statement.

8) If the transaction is successful, you can view your digitally signed premium receipt at view pay premium online receipts on the right side of your registered page. This receipt is also sent as an attachment to your e-mail id immediately. Print out of the premium receipt can be taken if needed for record and reference.

Wasn’t simple. So pay your LIC premiums online. Note:- there is no fees is charged for the transaction