Step-by-Step Guide on How to Make Premium Payment Using the Online Portal. In order to avail the online payment facility, policyholders must have an active credit/debit card to pay their premiums. LIC Online Payment Through Debit/Credit Card: Besides net banking, you can also make premium payment for your LIC policy using your debit card. If the policyholder thinks that the payment has been unsuccessful for some specific reason, he/she can check his/her bank account statement before proceeding to make the payment for the second time. Thus, similar to the steps used to pay premium through ICICI Bank debit card, debit card of any other bank can also be used. Debit cards allow bank customers to spend money by drawing funds that they deposited with the card provider. Retaining my original answer below (earlier there Through the online payment, the customers can choose Debit or Credit card to pay their premiums. Visit LIC’s official website (www.licindia.in) Under ‘Online Services’, click on ‘Pay Premium Online’ option In case the payment is made twice on the online portal, the additional amount is transferred back to the policyholder with the help of the service provider. In very recently, the LIC policy started the Payment Gateway has instituted through these customers can make real-time premium payments. Step 2: Select "pay premium online" option. The insured can make LIC Payment Online using Debit Card/ Net Banking/ Credit Card. In the next step, the policyholder will be required to select the policies where premiums are to be paid with the help of selection box. For details and T & C, please click here For making payment please click here Payment of online You can now have many of the functionalities that were available only at a branch office, online at your fingertips. Also on ALL POSSIBLE digital modes through LIC website without any service charges. The policyholder can either choose to pay via netbanking/debit card or using a credit card. I have registered for Auto Bill Pay facility on my Citibank Account or Credit Card today on Citibank online and my payment is due next week. The collection of premiums can only be made for ordinary, inforce policies. The online LIC payment of premiums using credit/debit cards is processed via IDBI Gateway. The recent initiative of LIC, known as the Payment Gateway (PG) has been instituted to provide on-demand service of premium collection in a jiffy. Reach the payment gateway and make payment through net banking, credit card or debit card. This number appears incorrect / invalid. LIC Premium payment online through Pay Direct – Credit/Debit Card Charges You can use the following Credit Card/Debit Card or online internet banking facility to pay the LIC premium online. LIC premium can be paid either through net banking or through Credit/Debit cards. Online Payment Online Payment Gateway is LIC’s initiative to provide you with on demand service within a few clicks! Enter Policy Details and Pay using NetBanking or Debit/Credit Cards. Now you can pay your LIC premiums online through the debit card option. To pay LIC premium online, customer has to pay the service tax and nominal fees. LIC Premium Online Payment अब घर ब ठ ऑनल इन जम कर सकत ह । एलआईस क प र म यम ऑनल इन जम करन क कई तर क ह . LIC Merchant Agent portal login, Policy details plans schemes, status, LIC online premium payment through debit/credit card, customer care toll free number, LIC of India online, Pay LIC payment online. The Payment Gateway (PG) for debit card and netbanking is BillDesk. Advertisement Regulations for All Marketing Officials, You can pay LIC premiums using Net Banking accounts with any of the following banks:-. You can now have many of the functionalities that were available only at a branch office, online at your fingertips. It provides for real-time payment of renewal premium-dues through the portal. The next page will display the options that the policyholder wants to choose from for making the premium payment. If paying your insurance premiums by directly visiting the branch has become a Payment of insurance premium through debit card is a simple and convenient way to ensure that your policy is intact. This functionality is available only to registered customers who have enrolled their policies. The policyholder will be required to select the desired option of payment post which convenience charges are displayed on the screen. Once the registration has been completed, the policyholder can then proceed to enroll his/her existing policies on the portal. LIC Credit Card and its affiliates, subsidiaries, employees, officers, directors and agents, expressly disclaim any liability for any deficiency in the services offered by BillDesk whose site you are about to access. "RFP floated by Government of India for engagement of Actuarial Firm for LICI IPO", "Policy holders can submit Maturity claim documents by email till 31.07.2020", "Dear Policyholder, Please submit Bank Account Details ( NEFT ) to LIC - Click here to Download NEFT Form", "PLEASE REGISTER IN CUSTOMER PORTAL FOR AVAILING ONLINE SERVICES", "For Life Insurance Policies whose premium fall due in MARCH and APRIL 2020, Additional Grace Period of 30 days is allowed.". How to make online new user register in LIC India web page LIC insurance policies online payment, Payment of Utility Bills You can pay various utility bills through your LIC Card through visa bill pay facility and avail 5% discount. Once a policy is issued, policyholders can visit LIC’s official website and register their policy in … ", Beware of fake / spurious calls - DOs and DONTs, Notice to Public regarding Combination of Products, Make premium payment for your enrolled policy using NetBanking or Debit/Credit Cards. Now the payments can be made using VISA/Master Credit Card (Domestic Only) with some convenience charges. The recent initiative of LIC, known as the Payment Gateway (PG) has been instituted to provide on-demand service of premium collection in a jiffy. Enter Policy Details and Pay using NetBanking or Debit/Credit Cards. Please verify your balance (displayed) and confirm the transaction to the bank. The invoice/receipt of this payment can be printed by the policyholder online. LIC credit card payment – Online mode for non-LIC Account You do not necessarily open an LIC account to have an LIC credit card, you can also pay your credit card bill using a non-LIC account. However, the same can be done under any mode (yearly, quarterly, monthly, or half-yearly). Choose the one convenient for you and enjoy hassle-free banking with us. Please re-enter your phone number. If you’re paying your LIC premium for the first time using your credit card, you can make online payment without registration. Follow the instructions mentioned below. However, keep your policy details handy before you proceed towards paying your premium. Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Complaint … In the next step, the user is redirected to the bank site wherein he/she will be required to make the premium payment using the accurate credentials. Debit Card Avail of the finest selections of debit cards to make payments on the go and online Prepaid Card One Card, Many Uses. Once all policies have been enrolled, the policyholder will be required to choose the option ‘Pay Premium Online’, wherein a list will be displayed exhibiting all the policies where premium payment is due. Policyholders can make real-time premium payments through the portal. Also on ALL POSSIBLE digital modes through LIC website without any service charges. The details that one needs to know before proceeding towards payment are – As and when premium becomes payable under the registered policy, LIC sends the bills to the bank/service provider, and the information will be displayed by the bank/service provider in your net-banking account page. On successful transaction, a digitally signed e-receipt will be generated and e-mailed to you. The payment gateway (PG) initiative is an important component of the offer. Uh-oh! Privacy Policy. It is essential that you have a net banking account with at least one of these banks. The Payment Gateway (PG) for credit card is IDBI. The LIC of India offers its online payment services through its web portal. Registered Users/ Agents/ Development Officers/Branch login here for the Portal Services : Customers or policyholders who live outside the country can also pay their premiums through the Online Payment Gateway via credit card, debit card, or net banking. » And above all there is no charge for you to avail this service. Let’s quickly understand how you can easily make online LIC payment both with registration and without registration. Step 6: Select the payment method (Select the bank name, if you want pay by using the Net banking), else select your Credit or Debit Card type. You will receive a call shortly from our customer support. 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. Canara HSBC Oriental Bank of Commerce Life Insurance, Post Office Savings Monthly Income Scheme, Life Insurance for Senior Citizens in India. Bill Payment ii. Once you have enrolled your policy(s), you can click on the link ‘Pay Premium Online’ to see a list of policies whose premium is due. Salary Savings Scheme (SSS) policy premiums cannot be paid through the online channel. You can pay the bills by using Net Banking, Debit Card, Credit Card or Cash Card (Through BillDesk Payment Gateway). LIC policyholders can pay their premium anytime & anywhere from the convenience of their own place either through desktop, PC or mobile as per your choice & suitability. » There is no further registration involved at the service provider end. But recently LIC has provided an option for LIC online payment through Credit card. In case of an unsuccessful transaction you will be informed and the reason thereof. Bharat Bill Payment System (Through IDBI Bank Internet Banking, IDBI Bank Debit Card & Credit Card) FAQ on BBPS Process Flow i. Copyright © 2021   BankBazaar.com. For installation of root certificate, you need to download the RCAI-Class3.p7b file and import the same as per e-receipt verification documentation (eReceipt_Verification_Help.pdf). You have a choice to select the policies for which you want to pay premium. what is the procedure pze tele me step by step in my e-mail id - [protected]@gmail.com Basic Safety measures to fight against Coronavirus Disease(COVID-19), Intimation to policyholders regarding changes in tax structure due to implementation of Goods and ServicesTax (GST) - Click Here, Beware of Spurious Phone Call and Fictitious/Fraudulent Offers, " FRAUDULENT RECRUITMENT ADs: BEWARE...! LIC also sends a copy of this receipt to the policyholder’s email ID. If the policyholder does not have an account, he will have to generate his/her username and password, then continue with the procedure further. » It is also a secure arrangement, as the policy data is not shared between LIC and Banks over net as only the amount to be paid is encrypted and transported. Request received - loud & clear!Returning you to where you were... (You can save searches, track your apps & save plenty of time!). Alternatively, customers can also choose to pay their premiums through the net banking facility. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products. Enquiry of Outstanding Claims for the Current Year, Policy for protection of interests of policyholders. Once the payment mode has been confirmed by the policyholder, a Dialog Box will appear as a cautionary message for the policyholder to not make the payment for a second time. This is complete information about the Best investment instruments. There are several ways that a person with an LIC credit card can pay their credit card bills through online transactions using other bank accounts. Online Payment Gateway is LIC’s initiative to provide you with on demand service within a few clicks! LIC Merchant Agent portal login, Policy details plans schemes, status, LIC online premium payment through debit/credit card, customer care toll free number, LIC of India online, Pay LIC payment online. However, to avail this service, one needs to register himself/herself on the portal with accurate credentials. Initially, there is no provision to pay the LIC premium using the credit card. Breaking News : LIC premiums can now be paid at the nearest CSC centres throughout the country. The minimum penalty fee for paying premiums late is Rs.5. Auto-Debit Facility: Auto Debit payment option saves you from the effort of remembering your payment due date every month towards the payment of your IDBI Bank Credit Card dues. You can make your LIC premium payment online using net banking, debit or credit card. Using LIC Pay Direct is simple, and you can easily make your LIC online payments through a credit/debit card. Make premium payment for your enrolled policy using NetBanking or Debit/Credit Cards. LIC’s “Pay Direct” is a good option to pay LIC premium online without registration. Simultaneously successful/unsuccessful transaction message will be flashed. Shop, Dine, Pay and Enjoy the Benefits of Convenience Forex Card … In case the policyholder has purchased policies for his/her family members (children and spouse), he/she can enroll those using the birth date mentioned in the policy. To avail this option, policyholders have to register themselves on the portal with the necessary credentials. I am an online registered customer of life insurance corporation of india & want to pay the lic premium through the atm cum debit card. For detailed documentation on how to verify the digital signature on the e-receipt. Enter your number below. You will be directed to a page where you can choose from multiple banks for payment and will be directed to the login page of the selected bank. The credit/debit card payments shall be initiated in 3 simple steps: To make online payment of premiums for LIC using your debit card, follow the below mentioned steps: Step 1: Go on to LIC's official website. Whether you make a LIC premium payment online through debit card, credit card or net banking, we ensure you safe & secure transaction every time you visit us. It is crucial to enter the accurate premium amount while enrolling. It seems the convenience fees has been waived off. Here’s a simple step-by-step guide on how you can go about using this facility: Online Premium Calculator, generate an instant illustration for Premium. The login id at both the sites (LIC and Bank) is known only to you. In the next step, the policyholder will be required to select the bank from the displayed drop-down list. Also, Here are the Charges for different modes of online payment This facility is available for all non-ULIP policies. Neither LIC Credit The Life Insurance Corporation initiated multiple ways to pay the premiums in online to the policyholders. The bank also offers payment facility through net banking, debit card and credit card, along with PayTM, PhonePay, GooglePay, Bhim and UPI. Amount can be paid through net banking/credit card/debit card or any mode through which the payment is registered by you. LIC’s Online Payment Gateway is a completely secure way of making premium payments, and no sensitive policy data is shared with other sources during the process. 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