How To Pay LIC Insurance Policy Premium Online?

Finance Guru Speaks: Wondering how to pay your LIC Insurance Premium online? If yes, then you have reached out to the right article.

Life Insurance Corporation of India (LIC) is the largest insurer in India that provides several insurance products with various other services to keep track of policy status, and premium details and pay policy premiums. Earlier insurance product holders used to pay their premiums at the LIC office or through LIC agents, but now they can easily check LIC policy status and pay their premiums online using the online payment facility. The online payment facility is applicable for premium payments, policy renewals, tracking policy details, etc.

To use the LIC online payment service, you need to get registered with them first. 

How to enroll your Insurance Policy on the LIC Website:-

1. Login to LIC India Website and click Customer Portal -

Enroll Policy on LIC Website

2. Click on the Sign Up link - 

Enroll Policy on LIC Website

3. Enter the relevant policy details to enroll -

Enroll Policy on LIC Website

After successful registration, you can change or enter your profile information and list all the policies registered under your name. You can also enroll all the policies of your family members in your account too, to know their policy status, premium due dates, etc.

Adding Policies to LIC Online Account:-

After successful registration, you can log in to your online LIC account by providing valid login details such as UserID/Email/Mobile, Password, and Date of Birth. 

Goto My Apps on the Home page and click on Basic Services -

LIC - Add New Policy

To add policies to your account, click the Add New Policies link and provide the policy details such as the name of the policyholder, policy number, etc., and click on Submit - 

Click to enlarge - LIC - Add New Policy

Once you provide all information correctly, it should reflect the policy details and display the policy under your account. Once the policy gets added, you should be able to pay premiums. 

Paying LIC Policy Premium Online:-

 

To pay your policy premium online, you need to go to My Apps and click on the Pay Online link -

Paying LIC Policy Premium Online

On the Next page, you can Select Policy Type, select Policy, and click on Check & Pay. It is shown below -

Click to enlarge - Paying LIC Policy Premium Online

Recheck the details and click on Check & Pay -

Click to enlarge - Paying LIC Policy Premium Online

On the next page, choose the Payment Gateway and make the payment.

Images Courtesy: LIC Website

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