In India, LIC is the leading life insurance provider and people have the good faith on LIC because it is controlled by the government. But, when it comes to the services and extra features provided by the LIC is behind their private counterparts. One such thing is the online payment of the insurance premium, still many policy holders not aware of the LIC’s online premium payment and depend on the agents. It is because LIC has not taken any step to promote their portal.
This article explores the steps needed for the making the LIC premium through its online channel. I hope 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 (but it is not recommended by LIC). You can read the following stpes to make the LIC premium online.
Also Read:
Step 1 : How to create User Name in LIC website?
Go to website http://www.licindia.in/. To make the payment online you must have username and password. Create new use account using this link : http://licindia.in/NewUserRegistration.htm
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.
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, accrued bonus, branch and agent details. The following is the screen that shows the above details:
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 your account. Select the policies which you want to enroll and click on the submit button. It will be landing to the payment gateway site where you will be making the payment. Once payment is done, you will be returning to the same webpage.
Update:
Step 5 : Debit Card / Credit Card
It is an update to the existing article. When I first published the article, there is no provision to pay the LIC premium using the credit card. When I checked it recently, they have included the option for paying through debit card or the credit card. Once you have clicked the submit button, the next screen will show you the option to pay through credit card or debit card.
Step 6 : Service Charges
In the above step you have selected the option to pay through online. Either of the options, customer have to pay the convenience fees to the LIC for processing the payment. Customer will be taken to the following screen:
If you click on the agree button, you will be taken to the card details page and the next step your payment will be processed.
Step 7 : View Premium Receipt
You can view the premium receipt anytime. It is one of the advantage if we are making the payment online. We can keep the receipts safely and take the printouts anytime. The copy of the receipts will be sent to your email-id which is registered with your policy number.
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. The good thing is that now LIC has added the option to pay using the credit card. If you have any doubts please post it in the comments section. The site doesn’t have the option to pay using the credit card. You must has the online banking account with any of the Indian bank to pay the premium online. 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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August 20, 2012 at 10:36 am
Hello Sir
I want to pay online my premium but there is a doubt in my mind.
After paying online how would i get the receipt.I request you to please make me know about it.
Thank you
August 27, 2012 at 9:52 am
You will get a receipt online and you can view that receipt anytime.
August 20, 2012 at 1:24 pm
iam not able to pay premium online. its always telling the bad name on card. but iam entering the proper name on the card only. but its now accepting. iam paying all payment by online only. those are all very easy to pay. please improve your software.
August 20, 2012 at 2:42 pm
My card doesn’t contain a name,its a pnb master card
I m writing my account name in place of Card name
I m getting error through mail “Acquirer Declined”
Nd when i click submit on the LIC website it says “Either session Expire or there is some other problem”
Tell me whats the problem
August 20, 2012 at 2:44 pm
my premium already pay through on line but not update profile my home page
but why
August 20, 2012 at 2:49 pm
Every time i click on submit i get the error
session Expire
I tried it several time but same result
What to do?
August 27, 2012 at 9:13 pm
Dear All,
I am unable to logon LIC online pay web site, Becuse i don’t know the user name and password. Because i frogoted. please help me how to getback user & password for the same.
September 4, 2012 at 3:28 pm
can i pay the LIC policy in the name of my Wife and Kids through my ID?
September 5, 2012 at 1:46 pm
can i pay lic payment of my brother policy by online .
September 6, 2012 at 5:09 pm
Can I Pay premium through SBI Credit card in IDBI Gate way???
September 7, 2012 at 10:54 am
Once i logged in in my online account.
Why my enrolled policies are showing zero.
Even there are lots of coloum which has not been updated.
I enrolled my policy in march???
September 7, 2012 at 12:29 pm
While filling the lic prenium via debut card online,i stuck in one option,Mother’s maidn name? how could i come out from this problem and pay lic prenium…
September 10, 2012 at 12:07 pm
What is the service charges, if my half yrly premium amount is 8000?
Is service charges for premium amount or convenience fee?
September 14, 2012 at 10:54 am
Please help me how i can pay health policy through online using credit card
thank you.
September 18, 2012 at 9:32 pm
am not able to pay premium online. its always telling the bad name on card. but iam entering the proper name on the card only. but its now accepting. iam paying all payment by online only. those are all very easy to pay. please improve your software.
September 24, 2012 at 11:09 pm
Hello,
While making a online payment on LIC website – option internet banking, next page logins into my ICICI bank and gives payment details as – BPC Bill Desk — ? Does anyone know if this is correct?
September 28, 2012 at 12:17 pm
pls sir how to transfer my policy from tapi/vyra distict or branch to jamnagra
October 2, 2012 at 4:04 pm
how to payment about LIC.
October 2, 2012 at 6:40 pm
Good that LIC Premium can be paid by Credit/Debit card.
But charging CONVENIENCE FEE by LIC is totally unacceptable.
All other people are accepting Credit card payment but do not charge anything more.
Why LIC wants to loot us more. Aren’t they earning enough???
October 4, 2012 at 6:40 am
Hello Dalton,
Are they charging the convenient charges?
Thanks,
Krishna
October 12, 2012 at 3:01 pm
Yes. Rs 18 per 5000 premium and so on…
I hav TATAAIG / BAJAJ policies as well I pay premium by Credit card with out paying anything extra.
Why this disparity?
October 9, 2012 at 12:21 am
HOW TO CHECK MY LIC POLICY DETAILS ON LINE,
October 10, 2012 at 3:54 pm
your online service was very poor and not user friendly as compared to other insurance services.
October 10, 2012 at 7:16 pm
pls. let me know how i can create loging id with lic so that i could be make payment of all my policy thru net banking
October 16, 2012 at 12:24 pm
plz know whow can i pay my primum in on line. i can try but some technical problem creating.
October 22, 2012 at 9:38 am
35 rs extra to pay thru credit card.
No wonder, LIC sucks.
October 25, 2012 at 7:48 pm
I agree
October 25, 2012 at 1:02 pm
Hello Sir
I want to pay online my premium but how can I Mack my account please guv me
Thank you
October 26, 2012 at 10:01 pm
sir my want to pay his lic payment
so will u tell me to how is he h pay it
tanku
November 3, 2012 at 7:41 pm
i have HDFC bank a/c. Is it possible to pay premium online? If yes than how?
November 17, 2012 at 1:25 am
Krishna
Now it is much easy to pay the premium online. Directly go to Online Services—>Pay Direct—->Fill in your details and its done.
November 25, 2012 at 4:04 pm
Dear Sir Iam trying to pay my LIC premium on line but have not been successful, to day after a long period I was able to register my self then again I came against a Block I have three policies but was able to register only two policies, the third policy premium is due but your site is not registering it,and the information given from the receipts paid at the counter, request assistance. Regards eric Nasir
December 29, 2012 at 11:40 am
how to payment SBI debit card on policy premium
March 8, 2013 at 1:44 pm
can any body help me. I’m getting this error daily while trying to register as a new user.
“Due to technical issues, this service is unavailable. We’ll be back shortly. Inconvenience is deeply regretted.”
March 11, 2013 at 6:12 am
Hello Srini,
Are you still getting that error?
March 11, 2013 at 3:33 pm
Thank you very much sir,
March 11, 2013 at 3:34 pm
Thank you very much sir, I could successfully logged to new user account. once again thanks.
March 11, 2013 at 3:46 pm
Thank you for reading my blog. If you have any questions, please post it here.
March 20, 2013 at 1:39 pm
Sir,
can i pay for my wife’s premium by my debit card?.
March 21, 2013 at 5:58 pm
Yes, you can pay for any policies.
March 20, 2013 at 3:36 pm
although created new user id of lic online and enrolled policies, couldn’t pay premium online. not showing my policies while going to pay premium. any body can help me. tell me steps to pay .Thanks in advance.
March 22, 2013 at 11:46 am
Dear sir,
Ihave new lic policy first due i will pay to in insuranse ajant now i need online pament how can making please give me a atvice
thanks
March 25, 2013 at 8:07 pm
How to deposit premium
March 28, 2013 at 7:02 pm
if usr id & password is not remember for login in lic web portal, what to do ?
April 2, 2013 at 6:44 am
Thanks! this article is very useful.
April 4, 2013 at 2:05 pm
Great Information Sir. Thank You.. I have been paying LIC premiums through my agent. Now I will pay Myself.
April 12, 2013 at 10:58 am
Getting session expire in end stage while paying through credit card from past 3 days
May 4, 2013 at 8:45 pm
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May 5, 2013 at 7:23 pm
Hi, this link is very much helpful to me. And i payed my premium online with the help of this link. Thanks a lot.
May 18, 2013 at 1:40 pm
Hi,
Can NRIs pay online through this website?
Will the procedure be the same as mentioned by you?
If not, how can NRIs pay their premiums?
Will appreciate a quick reply.
Thanks.