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Pay LIC Premium Online With Just Simple Easy Steps !!

You can Pay LIC premium now online just read this useful information related to online payment process. Online Payment Gateway is LIC’s initiative to provide you with on demand service within a few clicks! You can now have many of the functionalities that were available only at a branch office, online at your fingertips. You can pay LIC premiums using Net Banking.

Here’s a simple step-by-step guide on how you can go about using this facility :
  • 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. 
  • You have a choice to select the policies for which you want to pay premium. 
  • 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. It is essential that you have a net banking account with at least one of these banks. 
  • At the bank site you will need to login with your net banking username/password. On successful login, the total amount to be paid by you towards LIC will be displayed. 
  • Please verify your balance (displayed) and confirm the transaction to the bank. Simultaneously successful/unsuccessful transaction message will be flashed.
  • On successful transaction, a digitally signed e-receipt will be generated and e-mailed to you. In case of an unsuccessful transaction you will be informed and the reason thereof.
  • For detailed documentation on how to verify the digital signature on the e-receipt, click here.
  • 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). Click here to download the RCAI-Class3.p7b file.
Benefits of Online Payment System
  • There is no further registration involved at the service provider end.
  • There is no time lag from the date of payment to obtaining receipts.
  • 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. The login id at both the sites (LIC and Bank) is known only to you.
  • And above all there is no charge for you to avail this service.

What are the benefits of paying your LIC premiums through net-banking/phone-banking?
You as our policyholder:-
  • Can decide and authorize payments 24hrs a day * 7days a week because of anywhere & anytime access to internet.
  • Can issue payment instruction within the comforts of your home or office, and avoid personal visit to LIC branch
  • Will save time by not waiting in queues for making the payment.
  • Can avail the free service from LIC, as you don’t have to pay any charges to LIC or its authorized agencies for this additional benefit.
  • Can choose the bank account you want to pay from, any or all of your bank accounts can be registered with the service provider.
  • Can decide in advance the date on which you want your account to be debited.
  • Can choose to modify your instructions during the intervening time.
  • Will get reminders and alerts by email from the banks and service providers about the premium dues.
  • Can avoid expenses of postage/courier in sending the remittance to LIC.
  • Can avoid demand draft/pay order charges for outstation policy premiums.
  • Can also view your premium dues and other policy details
What are the charges to be paid for availing this facility?
  • This facility is absolutely free for the policyholders of LIC.
  • LIC has agreements with the authorized banks/service providers wherein LIC will pay a mutually agreed charge per transaction on monthly basis. Customer will not be charged for availing this payment facility.

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