LIC Online Payment – Premium Payment Options and Process
The LIC online payment
option will save you a lot of time from visiting an LIC branch office. The
service is easy to register for, and any
LIC policyholder can make use of this service.
Using the
online LIC payment service, one can easily make online premium payments within
minutes and also check the status of their policy. This is possible
for every user, whether registered or not. All that you need is an internet
facility to explore the e-service options of LIC premium payment. The LIC
online payment option saves one from a lot of inconveniences.
The LIC Online Payment Methods
If you are still standing is
a queue to make an LIC insurance premium payment then know that the LIC of India
has come up with a hassle-free LIC online
payment option. This is safe, convenient
and easy and lets one make the regular payment towards premium. The best part
is that the premium payment can be done
from anywhere and from any part of the world.
The older LIC online payment
method used to make the policyholder either go through the policy premium
payment trough an LIC agent or stand in queues for hours together to make the payment.
This was tiring as well as very time-consuming. In
order to reduce the customer’s effort, the LIC premium payment option
went online. The new method of premium payment online insured that the premium
could be paid any day and from anywhere.
The online payment gateway allows
you to use an on-demand service and all
that needs to be done to make a premium payment is to make a few clicks. The complete
functions of an LIC branch are now at your
fingertips. The complete instruction can be got
at your home on the LIC website. This
saves one from personally visiting the LIC online payment website. This makes premium payment easy and completely convenient.
When your LIC premium is due
then why should you stand in a queue to make a payment? Most of us have their
insurance policies from LIC, but very few
are aware of the benefits that the life insurance company offers when it comes
to premium payment. The modes of payment are both online as well as offline.
Online Mode:
The online method of making an LIC premium payment is simple. All that you
need to do is to go on the LIC website and make a payment through NEFT or by
choosing to make payment using a credit or a debit card. Alternatively, the policyholder can also make
online premium payment through the authorized
banks. There are franchises and merchant accounts too which let you make an LIC policy premium payment online.
Offline Premium Collection Methods
The premium payment towards
your LIC policy can also be done offline.
It can be done through ECS, bill pay or
in the ATM.
In order to make the LIC premium payment online,
the policyholder needs to log into the official page. He then needs to follow
the simple steps on the web page to make a premium
payment. You will have to register at the portal and complete the online
registration process. This will allow you
to make the premium payment. The LIC website also has an LIC pay direct option
which lets you make the payment without any registration.
The online payment of
premium can be made without any charges and has no hidden costs.
You will need to log in with
your user
name and a password, and once you complete
the registration process, you will be
able to log in and enroll your policy and
retrieve your policy details. You can see the enrolled policies and then choose
the policy for which you need to make a premium payment. You will need to click
on the policy for which you need to make an
online payment and select the pay and then the submit button. The
premium can be paid using a credit, debit card or through NEFT payment.
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