Sep 8 2009

How to Pay LIC premium online?

Introduction

In this article I will be writing about the online payment of LIC policies. I think this article might be helpful to most of the readers because almost everyone has own LIC policies for them. Most of the people think that paying the LIC premium is only through agents or directly to the LIC office. But, paying through LIC’s official website would be hassle free and saves you lot of time. Moreover you can pay many policies in the single account. You can read the following stpes to make the LIC premium online.

Also Read:

How to Pay LIC Premium Using SBI Credit Card?

Step 1 : Create User Name in LIC website

Goto website http://www.licindia.com/. To make the payment online you must have username and password. Create new use account using this link : http://licindia.com/NewUserRegistration.htm

lic1

Step 2 : Enroll policy

After creating the user account you can login to the portal with the new created username. Once logged in you have to add your policy number to retrieve the policy details. In the left side menu you will find “Enroll Polices” link. Click on that link and add your policy number and the premium amount.

lic2

Step 3 : View Policy details

If you enroll a policy, then you will be able to view all the details related to that policy. It includes policy started date, sum assured, plan, policy term, address, premium, next premium due, acrued bonus, branch and agent details. The following is the screen that shows the above details:

lic4

Step 4 : Pay LIC Premium

Now you are ready to make the payment online. Click on the ‘Pay Premium Online” link and you will see a list of policies you have enrolled in yoour account. Select the policies which you want to enroll and click on the submit button. It will be landing to the Payment Gatway site where you will be making the payment. Once done you will be returning to the same webpage.

lic3

Step 5 : View Premium Receipt

You can view the premium receipt anytime. It is one advantage if we are making the payment online. We can keep the receipts safely.

Update:

You have to create separate user id if you are enrolling policy for different persons. It is because the system will not allow you to enroll the policy if the profile birth date and enrolled policy holder’s birth date does not match. They also suggested to use the separate user id for each person.

Summary

I hope this article will be useful for the readers who want to pay the LIC premium online. If you have any doubts please post it in the comments section. Like explained in the above article, you can add any number of policies in the same username. Thank you for reading the article!!

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35 Comments on this post

Trackbacks

  1. How to pay LIC Premium using SBI Credit Card? wrote:

    [...] can pay the LIC policy premium using the SBI credit cards. In my previous article I have explained how to pay the LIC policy online. It provides the option of paying only from the debit cards. In case if you want to pay it from the [...]

    November 9th, 2009 at 12:02 am
  2. How to revive lapsed LIC policy? wrote:

    [...] this article is to bring those important facts for our readers. Also, read our previous article on how to pay the premium online?. I would like to hear feedback from you after reading the article. Please subscribe to our future [...]

    November 23rd, 2009 at 12:02 am
  3. Query on LIC Policy wrote:

    [...] Yes. You can continue the policy when you are outside India. You can either send the premium from abroad or using the Indian bank. Also you can use the online premium payment. [...]

    December 29th, 2009 at 12:02 am
  4. Personal Finance Tips for 2010 – Part 2 wrote:

    [...] Nowadays, most of the banks and insurance companies offer the online account. You need not go directly and pay the bills. The good part of the online account is, you can take the bills at any time by logging into your account. One example of that service is, paying LIC premium through online account. [...]

    January 7th, 2010 at 12:02 am
  1. Praveen said:

    Quite useful information.
    I have always been waiting for such an online payment option with LIC.
    Thanks for sharing these details.

    September 8th, 2009 at 10:22 pm
  2. asif said:

    Will I be able to print reciept in PDF format or some other format??
    willl the online payment reciept be sufficient for tax saving purpose in office ( as it will only be a printout ) ???

    September 8th, 2009 at 10:58 pm
  3. krishnas said:

    Hello Praveen,

    Thank you for the comments. This service is available for long time but people not aware of the facility. I just want to share my experinece here.

    Hope you have enjoyed it. If you have any doubts on LIC or any other insurance policies please post it here.

    Thanks,
    Krishna

    September 9th, 2009 at 1:01 am
  4. krishnas said:

    Hello Asif,

    You will be able to print the receipt from the LIC site. It is sufficient to claim the tax benefits. I am sure about it.

    Thanks,
    Krishna

    September 9th, 2009 at 1:05 am
  5. B. C. Satyanarayana said:

    Sir,

    I have three policies in LIC. Recently I was resigned for my job in India and Joined in one of the Middle East company. Now i am facing lot of problem for paying monthly premium. Can you advise me for paying online through my SBI/ICICI debit cards

    It will be highly appreciated if you can send a online payment procedure to my e-mail address.

    Regards,

    B.C.Satyanarayana

    September 14th, 2009 at 4:09 am
  6. krishnas said:

    Hello B. C. Satyanarayana,

    Please read the above article. This article explained in very detail about how to pay the LIC premium online. Even if you are not in India, you can register online and pay the LIC premium using your debit card or credit card.

    Thanks,
    Krishna

    September 14th, 2009 at 4:23 am
  7. Srija said:

    Hi Krishna,
    Can i pay LIC premium through my ICICI credit card.
    If not what other credit cards are allowed to pay lic premimum amount.

    Can i pay half of LIC premimum now half amount after some days.
    If my due date is in the October end can i pay half amount today and half amount in october.

    If credit cards are allowed to pay premium, can i use to two cards to pay them as per the card amount eligibility.

    Please respond to my queries.

    My premumum amount is a big amount, so i am looking for the options to pay. As this year is a very tight year for me.

    September 21st, 2009 at 4:37 am
  8. madhav said:

    i have registered to pay the lic premium through online.
    after enrolling i could see only Policy number, Installment Premium,Service Branch, Successful Enrollment(Y/N) .
    and it says ”Y – Your policy is successfully enrolled.
    N – 1.You might have already enrolled the policy, if not then please try later.
    2.There might be Premium/Date of Birth mismatch. ”

    but while registering i have filled all correct.
    please tell me where i went wrong

    October 12th, 2009 at 6:19 am
  9. krishnas said:

    Hello madhav,

    It happens some times when you are not filing the correct details. Did you enter the premium correctly? can you try again.

    Thanks,
    Krishna

    October 12th, 2009 at 7:17 am
  10. krishnas said:

    Hello Madhav,

    I found one thing while enrolling the new policy. If the profile’s birth date and birth date of policy which you are enrolling is different, then it will not allow you to add the policy. This restriction is because each person should have the separate user id to enroll the policy.

    Thanks,
    Krishna

    November 16th, 2009 at 5:54 am
  11. pramod said:

    Hi

    Thanks for the details, I would like to know does this online premium payment works on weekends. I would like to know if these works on SUNDAY / Saturdays as of your experience.

    Thank you again…

    December 5th, 2009 at 10:47 am
  12. krishnas said:

    Hello Pramod,

    It will work for all the days and 24 hours. You can make the payment any time.

    Thanks,
    Krishna

    December 7th, 2009 at 5:06 am
  13. Arun said:

    Hi Krishna,

    Thanks for sharing the information with us. I usually send the money to my relatives in india from abroad to pay the premiums. I think hereafter i can make the payment online

    Thanks,
    Arun

    December 12th, 2009 at 1:39 pm
  14. vrinda said:

    hello sir ,I have one question regarding my husband’s lic premium . We r currently in USA . In 2004 we took Jeeven anand policy .one of our relatives use to pay our signed lic cheques /premium to the Lic Branch every year .But now he moved to some other city .W e heard that though we try to pay premium online , we r supposed to give printed form n user id in person to the branch where they will register the policy. Is this true for us also who already r paying premiums from past 5 years or to the customers who have just opened account and paying 1 st premium . also birthdate should be written in what format , while verification of online account? thanks .

    December 22nd, 2009 at 11:53 pm
  15. krishnas said:

    Hello Vrinda,

    There is no need to visit the branch to pay the premium, You can register online and pay the premium even you have already paid through agent.

    Thanks,
    Krishna

    December 25th, 2009 at 9:14 am
  16. suresh said:

    sir,pls,say me how to register the agent login???

    January 1st, 2010 at 10:08 pm
  17. sankar said:

    How can I get the Userid again which I forgot it.

    January 4th, 2010 at 11:09 pm
  18. karthika said:

    How can I get the Userid again which I forgot it

    January 5th, 2010 at 2:38 am
  19. krishnas said:

    Hello suresh,

    You can do it through licindia.com

    Thanks,
    Krishna

    January 9th, 2010 at 9:05 am
  20. krishnas said:

    Hello sankar,

    You can register for the new user id.

    Thanks,
    Krishna

    January 9th, 2010 at 9:06 am
  21. Manish said:

    Hi,
    I tried to create my new account but it suggests that policy no. already registered try another one. While i have never used this service any before.
    I tried to go through problem in signing option but it also ask for user ID.
    I am not able to pay my premium online. Please help.
    How can i create my account

    January 11th, 2010 at 10:03 pm
  22. krishnas said:

    Hello Manish,

    I don’t think it will be a problem. Can you send me what error you are getting while registering?

    Thanks,
    Krishna

    January 11th, 2010 at 10:40 pm
  23. vinay said:

    Hi,

    I am also facing same problem when trying to register for new policy.

    Policy is already registered.Please try different Policy number.

    Please suggest how to proceed further with registering my account.

    January 14th, 2010 at 11:28 am
  24. krishnas said:

    Hello Vinay,

    It should allow. It looks strange. Are you providing all the details.

    Thanks,
    Krishna

    January 15th, 2010 at 4:56 am
  25. wahid pasha said:

    hii

    this is nri i ve three policy which has been my name but thing is what
    very deficult to pay my premiuum what i have because i am in dubai please tell me which prociture can i follow to pay from dubai to india if any there please let me
    i hope u understant

    January 18th, 2010 at 4:18 pm
  26. sivakumar said:

    Many thanks for the information.
    But, my concern is that I have enrolled a policy but I can’t see my policy details. Also, I have made my premium payment thru’ online and the amount was also deducted from my bank account. Moreover, I have received an “Enrollment Form” to my mail id, which instructed me to submit it to the nearest branch. I am afraid whether I have made a valid payment or should I have to do anything further? Please advise.

    January 24th, 2010 at 12:07 am
  27. krishnas said:

    Hello wahid pasha,

    You can read this complete article and pay the premium online.

    Thanks,
    Krishna

    January 24th, 2010 at 1:23 am
  28. krishnas said:

    Hello Sivakumar,

    Can you provide more details like where you have paid the payment. It should be very easy way to pay online.

    Thanks,
    Krishna

    January 24th, 2010 at 1:25 am
  29. shad said:

    i tried to register for making premium payment online. but after i fill in the details and submit it says “wrong data”
    Now i do not know what mistake i have made. i wrote the amount as: 10000.00 then date of birth as: 22.03.1980
    i gave the policy number and email address. where did i go wrong? there are no guidelines for new registration. can u pl. help?

    January 25th, 2010 at 11:53 am
  30. krishnas said:

    Hello Shad,

    Did you give the DOB as per the policy document. That only cause problem here. Please check it again.

    Thanks,
    Krishna

    January 25th, 2010 at 7:14 pm
  31. Raghavendra(Son) said:

    online payment is good. But, we are not receiving any alerts to mobile. Only Iam receiving e-mail alerts. Why?
    I have registered my mobile no…

    February 8th, 2010 at 5:50 am

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