Whether or not you can pay your life insurance premium with a credit card depends on the rules of the company through which the policy is being purchased. Lic online payment lic premium payment online at paytm. Lic pay direct payment online without registration. Dont have money in your bank account to pay lic premium. Easy way to pay lic policy premium online using dedit. How to pay lic premium online through credit card debit card wallet tech shikshak. Pay renewal premium fees for all your icici prudential life insurance policies. This is a facility by which premium is deducted by bank at predecided date and remitted to lic. The direct pay facility is also very helpful since you do not need to register or remember your login credentials. Lic online payment through credit card lic online premium payment. You are about to access a third party site, the accuracy or completeness of the information, materials, services or the reliability of any service, advice, opinion, statement or other information displayed or distributed through it, lic credit card does not warrant.
Once you have enrolled your policys, you can click on the link pay premium online to see a list of policies whose premium. Life insurance corporation of india payment through. We accept payments through cash, credit card, and cheque at our branches. The card which you are using and its associated points terms. Pay life insurance renewal premium, link policy and get e. Before the last date, taxsaver who dont have enough money in their account can pay. Retaining my original answer below earlier there used to be charges yes. Download the consolidated premium paid statement or lic receipt for online payment for each policy that you have purchased by just registering yourself for the. Demand invoice is sent and payment is received through the vendors. Lic allows its customers to pay their premiums online easily. Policyholders can use various modes such as unified payment interface upi apps, debit card, credit card and netbanking facilities.
In order to promote digital transactions, life insurance corporation lic has waived off the convenience fee on all payments, including payment through credit cards, effective december 1. Lic pay direct this is a instant bill payment service provided by lic and idbi easy2pay payment gateway. Lic has said all death claims related to covid19 would be treated on a par with other causes of death and payments would be made on an urgent basis. The payment can be made through net banking, phone banking, credit card, atm or any other mode. Lic has developed multiple ways in which policyholders can pay premiums for policies. Lic and axis bank come together for new credit card the lic credit card program is designed to offer newage payment solution to customers of lic of india. For payment through credit card like hdfc credit card or citibank credit card, click on idbi link. Do we pay more for lic policy premium paying through. It is the best credit card by lic in terms of offers and rewards. Can i pay a lic premium through a lic axis bank credit card offer and. Enter your 16 digit lic credit card number and the amount you would like to pay. Lic waives off charges on credit card payments lic has said that any credit card originated payments towards renewal premium, new premium, or repayment of loan and interest on loans against the policies will not attract any additional charges or convenience fee its parlance, from december 1.
Once the premium payment is made on the company website, customers can easily download their consolidated premium paid statement simply by visiting the official website of the company. Make payment to icici prudential, lic, max life, exide life and many other companies to earn reward points. Pay premium online life insurance corporation of india. Learn how to register and pay your lic insurance policy using net banking or credit card. Today while trying to pay premium, i see that there are no charges for payment using credit cards. Through the online payment, the customers can choose debit or credit card to pay their premiums. Above video shows how to pay your life insurance corporation of india policy premium online using your credit or debit card.
Heres a simple stepbystep guide on how you can go about using this facility. If you are short of cash and unable to pay your lic policy premium then the credit card will help you. You can use your credit card now, for those who are short of cash, they can opt to pay their life insurance corp. You can check your premium and pay online through lic india. With a whopping customer base of more than 250 million, the staterun insurer, lic is. Premiums can also be paid at all idbi and axis bank branches and in cash through common service centres csc, operating at block level, lic said. Pay lic of india policy premium using creditdebit card. Liconlineserviceportal life insurance corporation of india.
You can select any one of the following payment modes. Pay lic insurance premium online through credit card. Heres how you can make premium payments online via these. Lic online payment through credit card online payment gateway is lics effort to offer you with ondemand service in just a few clicks. Lic is equipped with online payment gateway to help its customers to make a payment with the click of button. Keep in mind that if you pay your premium using your credit. To continue enjoying your benefits and to make the most of your features, you must ensure that you pay the credit card outstanding amount before the due date and make purchases within your credit limit. Under online premium payment, payment is made only through netbanking account through licindia website. Lic online payment pay your lic premium through debit card. Now the payments can be made using visamaster credit card domestic only with some convenience charges. Instant lic online payment at paytm make lic premium payment.
How to pay lic premium online through credit card debit. In very recently, the lic policy started the payment gateway has instituted through these customers can make realtime premium payments. Stepbystep guide to pay lic premium using a credit card. According to the corporation, any payment done through credit card towards renewal premium, new premium, repayment of loan or interest on loans against policies will not attract any additional charges or. How to pay lic policy premium online through credit card. Policyholders desirous of availing of this service may download the ecs.
Life insurance corporation, popularly known as lic is one of india s most renowned and oldest life insurance companies. Select your bank account from which you would like to execute this payment we partner only with select banks. Once you have enrolled your policys, you can click on the link pay premium online to see a list of policies whose premium is due. This online payment facility is available only to registered customers who have enrolled their policies for such payments.
Savings upto 1% created at 06092016, 33 replies hot deals online indias fastest growing online shopping community to find hottest deals, coupon codes and freebies. You can also download the mylic app to pay a premium for online. You will be securely redirected to the payment interface of your chosen bank. You can do so by either visiting the lic website or by downloading lic indias app. Many companies allow credit card payment for premiums that are paid in a mode other than monthly i. The life insurance corporation initiated multiple ways to pay the premiums in online to the policyholders. Lic premium payment with debit card step by step from. If there is any cross platform marketing going on at lic with any banks card and if you use that same card, you may earn th. Lic and axis bank come together for new credit card. Lic waives off charges on credit card payments lic has said that any credit card originated payments towards renewal premium, new premium, or repayment of loan and interest on loans against the policies will not attract any additional charges or convenience fee. Life insurance corporation of india online payment. Lic has waived off charges on credit card payments. Once you enroll with the policy or added to the list of policy customers, click on the paid premium online option to see the list of systems the due premium.
Easy way to pay lic policy premium online using dedit card, net banking, e wallet. Pay premiun online download lic premium payment receipt. You can pay lic premium using lic pay direct via credit card. As opposed to the traditional method of paying premiums offline, lic has established an online portal through which individuals can pay their premiums either through a debit card or a credit card. While there are a variety of online channels through which lic customers can pay their insurance premium, making payments through credit card is one of the popular options and here we discuss the stepbystep guide to do the same. Use any of the online methods like net banking, ecs, or using credit or debit cards for online insurance premium payment. Pay lic premium online using creditdebit cards lic. Maximum allowable payment through credit card is rs. Now you can have many of the functionalities that have been available only in a division office, online when you need it. How to pay lic premium online through credit card debit card. This is a very simple and an effective way to make your lic premium payment online. Once you pay d premium through paytm, you get notification on your mobile and.
How to download lic premium payment receipt paid by the paytm. Lic credit cards is offered in partnership with axis bank and each card is carefully design to offer the best benefits and features. How to pay lic premium through an hdfcsbi credit card quora. You can pay max life insurance policy premium from your banks branch location by filling out the neftrtgs form. They can also make payments via lics app lic pay direct. Print and download the premium payment receipt for your records. Lic online payment through, banks, paytm, cards, offline, agent. It is globally accepted at all visa merchant outlets. Maybe paytm but few credit cards too offers certain rewards points like yes bank. Click here to download mandate form for lici premium by nach. Express cards, b standard chartered bank upi, and c axis pay upi. Life insurance corporation of india corporate office.
Pay lic premium online lic policy status check online. You can complete this transaction by using a different payment option. How much reward points i get if i pay lic premium through. Life insurance corporation of india pay premium online. In an attempt to encourage digital transaction, life insurance corporation lic has decided to waive off the convenience fee on the payments with effect from december 1, 2019. At your request, you are being redirected to a third party site. Lic alternate channels of premium collection nach payment ecs facility for payment of premium was started in l. Life insurance premium payment options max life insurance.
Through this payment option premium can be paid through credit cards also. At first, register the policy to make lic premium payment online, now, choose the policy in case you have more than one for which you are going to create a payment after that, log in to lic portal, a new page will be open along with many payment options debit card, credit card, net banking, wallets, upi etc. The payments can make by using a credit card by charging some convenience charges. The insurer said any credit card originated payments towards renewal premium, new premium, or repayment of loan and interest on loans against the policies will not attract any additional. Lic customers get more time to pay premium on business standard. But you have to pay small processing fee for lic pay direct.
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