Do we pay more for lic policy premium paying through credit card. Now you can have many of the functionalities that have been available only in a division office, online when you need it. Besides, the above step, the user can also pay a premium by downloading mylic app. The online premium payment is hasslefree and you can pay it sitting at your home. Savings upto 1% created at 06092016, 33 replies hot deals online indias fastest growing online shopping community to find hottest deals, coupon codes and freebies. Lic online payment lic premium payment online at paytm. What is the difference between online premium payment and bill pay payment modes. Do we pay more for lic policy premium paying through. Once you have enrolled your policys, you can click on the link pay premium online to see a list of policies whose premium is due. Make payment to icici prudential, lic, max life, exide life and many other companies to earn reward points. 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. At first, register the policy to make lic premium payment online, now, choose the policy in case you have more than one for which you are going to create a payment.
On the successful payment, paytm will send you a message on your registered email and mobile number for your reference. Lic premium using sbi card ic38 online mock test for lic. Here is how you can pay your lic premiums using your credit card. With increasing number of people opting for some or the other type of insurance policy offered by the company, it has made insurance premium payment easy and convenient for its customers by introducing online payment channels. Apr 27, 2017 when you initiate payment from lics portal it will show you charges as per the premium amount. When it comes to indian insurance domain, lic life insurance corporation is the most recognised and trustworthy name. Go to lic s official website in order to make a payment, it is important to make sure that your policy is enrolled with the insurance company or insurer. Choose your bank account below and click on submit. You can check your premium and pay online through lic india. Do you have an insurance policy in lic and fed up to pay the premium by the queue in the lic branch. Dec 04, 2019 to promote the usage of credit cards, lic announced on monday that it has waived off charges on credit card payments. Gone are the days when credit cards were only used for buying airline tickets or. Life insurance corporation of india is offering an online payment option for its insurance policies. Now the payments can be made using visamaster credit card domestic only with some convenience charges.
To promote digital transactions, life insurance corporation has waived off the convenience fee on all payments to the national insurer, effective december 1. Click here to download mandate form for lici premium by nach. Lic online payment failed, how to get premium refund. The payment can be made through net banking, phone banking, credit card, atm or any other mode. Lic policyholders often spend a greater chunk of the time standing in long queues at lic branches for making. The predefined limits can be changed on request and will be effective from the. It provides premium class services in dining, entertainment, travel and lifestyle. Online premium calculator, generate an instant illustration for premium. Lic has said that any credit card originated payments towards renewal premium. Please enter your 16 digit lic credit card number and payment amount. Know the step by step procedure to make lic premium payments online. The online lic payment of premiums using creditdebit cards is processed via idbi gateway. Lic of india has established its very own online payment gateway in order to help customers pay their policy premium online. Lic of india lic policy premium payment using credit cards.
Now you can pay your lic premium online through net banking, credit card, debit card, authorized banks portals, paytm etc. This is a free credit card accepted at all visa merchant outlets. You can pay the premium online through the website. Credit cards have become a very useful tool for people to complete their daily transactions like paying utility bills, paying mobile bills, buying groceries etc. Does the sbi credit card charge me if i pay my lic premium. Lic online payment through credit card online payment gateway is lics effort to offer you with ondemand service in just a few clicks. Once it is done, click on the link pay premium online.
To make premium payments online, a policyholder must. After that, log in to lic portal, a new page will be open along with many payment options debit card, credit card, net banking, wallets, upi etc choose the bank as per your options. Under online premium payment, payment is made only through netbanking account through licindia website. Any transaction fails due to internet banking, mobile banking, debit card or credit card transaction will be verified by bank by end of the day and thus after clarification, same amount will be deposited to customer account. Therefore insurance providers allow customers this option as it is exceedingly convenient. Jul 04, 2018 lic online payment through credit card lic online premium payment.
Life insurance corporation of india pay premium online lic. You dont have to go to the lic office just for making the payment. Lic said any credit card originated payments towards renewal premium, new premium, or repayment of loan and interest on loans against the policies will not attract any additional charges or. Whether you are a registered person or zero, you are able to do lic online payment with debit card, credit card, and net banking. It is an easy way to pay the policy premium online. Liconlineserviceportal life insurance corporation of india. Lic payment lic online premium payment online bill payment. Maximum allowable payment through credit card is rs. Life insurance corporation of india online payment. When i visited lic of india website, i came to know about purposefully created tedious procedure of registering myself for credit card payment ebpp payment which takes a time of. Mar 15, 2017 learn how to register and pay your lic insurance policy using net banking or credit card.
The life insurance corporation credit cards are available in four different types. Pay life insurance renewal premium, link policy and get e. The corporation said any credit card originated payments towards renewal premium, new premium, or repayment of loan and interest on loans against the policies will not attract any additional charges or convenience fee its parlance. Note that, the payment option will be enabled only when the payment is due. This is applicable to lic policies registered with select lic branches across india. Click on the link pay premium online to see the list of policies where your premium is due and select the. Cheque or demand draft payments are accepted between 9. Payment through credit cards is very convenient as all individuals have to do is to provide their card details and the premium amount would get automatically debited. Lic offers a range of online and offline premium payment channels to help customers pay their premiums in a hasslefree and timely manner. Multiple ways to pay premiums online using net banking, credit card, debit card, bill pay along with various offline and auto payment options. Lic credit card users can contact the lic credit card customer care for any unresolved query via call, email and sms. For lic, it will be enabled on the date of renew, and we can pay with in next one month of time. A stepwise guide to pay your lic premium via credit card1. To pay premium online simply visit the official website of lic online payment, login and choose some options and make your payment through net banking, debit cards, credit card or even by using upi interface, etc.
Debit card, credit card or net banking on the lic website. Autodebit option is also provided by a number of insurance providers. Lic pay direct this is a instant bill payment service provided by lic and idbi easy2pay payment gateway. Jan 22, 20 you can pay lic premium using lic pay direct via credit card.
Neither lic credit cards nor any of its affiliates nor their directors, officers and employees will be liable to or have any. You can pay lic premium using lic pay direct via credit card. Members need to choose the proper cost option determined by whether you are a registered person or not listed at the lic website. Life insurance corporation offers a range of insurance options catering to the needs of people from diverse backgrounds. Heres a simple stepbystep guide on how you can go about using this facility. Today while trying to pay premium, i see that there are no charges for payment using credit cards. List of lics online and offline premium payment options. Notei recently wrote a post list of lics online and offline premium payment options. Know more about how to make lic online payment for registered user and for nonregistered users. The policyholder can also use hisher credit debit card to make the online payment for lic premiums apart from net banking. When i went to lic branches for payment of annual premium through credit card, i was told that lic branches do not have swiping machines for credit card payment. Tags aakash garg,unlimited gyan,lic,how to pay lic premium payment by credit card,how to lic payment online,how to paylic premium payment by paytm,how to. Pay renewal premium fees for all your icici prudential life insurance policies.
Lic online payment through credit card lic online premium. Pay premiun online download lic premium payment receipt. Credit card charges will also be waived on new premium, repayment of loan and interest on loans against the policies, lic said. Life insurance corporation of india corporate office. As of now there are no charges when you pay premium via internet banking, online wallet or debit card. Dec 03, 2019 lic waives off charges on credit card payments lic has said that any credit card originated payments towards renewal premium, new premium, or repayment of loan and interest on loans against the policies will not attract any additional charges or convenience fee its parlance, from december 1. Life insurance offer icici bank credit card offers. Pay lic insurance premium online through credit card. Learn how to register and pay your lic insurance policy using net banking or credit card. Jan 10, 2018 debit card, credit card or net banking on the lic website. You can also download the mylic app to pay a premium for online.
Federal bank, in association with the life insurance corporation of india, brings you an easy way of making lic premium payments over the net. Thus, any issue or failure of lic premium payment can be checked and address, which cant be done on exact payment date, and moreover, lic of india will not accept any kind of failure receipt as some proof of submission for delay in paying the lic premium. No extra charge on lic policy payment by credit cards. Keep the payment receipt with you as an evidence for your payment. Life insurance corporation lic provides a variety of insurance solutions that cater to the needs of people from different backgrounds. Check how to pay lic premium online through the lic portal. Lic offers a number of channels via which customers can make premium payments for their lic policies pay lic premium online by using your credit debit card or use paytm option easily easy payment by login or without login to lic. Life insurance corporation of india payment through. A policyholder must register on the lic website and have their lic policies enrolled.
Hi basavaraj, am a registered user and for the past 45 years, i have been paying my lic premium by credit card, my recent payment made on 01 september went through well for the premium dated 08september mentioning success 500020, received message from credit card vendor for successful payment, but did not receive the receipt from lic to my mail account, i tried looking up on lic website. But you have to pay small processing fee for lic pay direct. Lic offers a number of channels via which customers can make premium payments for their lic policies pay lic premium online by using your creditdebit card or use paytm option easily. The corporation said any creditcard originated payments towards renewal premium, new premium, or repayment of loan and interest on loans against the policies will not attract any additional charges or convenience fee its. Where you need to pay a precessing fee and service tax. In this article, i will tell you how you can pay the lic premium online. Suvidha infoserve, ap online, mp online and other franchises. Visit our website to know more about how to make the premium payment for your lic policy through authorised banks, franchisees, merchants, and the lic website via net banking, credit card, and debit card. You can complete this transaction by using a different payment option. The lic of india provides gold credit and here are eligibility and features of the card.
Aug 16, 2019 do you have an insurance policy in lic and fed up to pay the premium by the queue in the lic branch. Mentioned below are a few points to remember below in case you intend to use the online payment gateway. Check how to pay lic premium online through the lic portal watch the video tutorial here. Download the consolidated premium paid statement or lic receipt for online payment for each policy that you have purchased by just registering yourself for the.
This facility will also be applicable on the addon cards issued against the account. The cardholder shall have the option to transfer the balances from other bank credit card to their credit card account. Hope this will give you more insight on the other options available with lic for premium payment. How to pay lic premium online using net banking lic online. Go to lics official website in order to make a payment, it is important to make sure that your policy is enrolled with the insurance company or insurer. The online lic payment of premiums using credit debit cards is processed via idbi gateway. Dont have money in your bank account to pay lic premium. Gone are the days when credit cards were only used for buying airline tickets or similar large transactions. Extended to all fednet customers who have lic policies with quarterly, half yearly or annual premium payment. Lic online payment easy lic premium payment online in 2019. A stepwise guide to pay your lic premium via credit card 1. File photo indias largest insurance company lic of india has extended the grace period of premium payment of all its existing policyholders by one month. Let us shed some light on the various offers, reward plans and eligibility norms associated with this card. In a statement the life insurer stated, from december 1, 2019, any credit card originated payments towards renewal premium, new premium, or repayment of loan and interest on loans against the policies will not attract any.
It is the best credit card by lic in terms of offers and rewards. The card holders would have the flexibility of fixing credit limits less than the credit limit assigned to them and transactions beyond the card holder specified limit would be declined. To pay premium online simply visit the official website of lic online payment, login and choose some options and make your payment through net banking, debit cards, credit card or even by using upi interface, etc this lic online payment guide is created for customers like you who know a little or nothing about lic premium payment online methods and steps. The customers can download the mylic app to for online. Demand invoice is sent and payment is received through the vendors. Life insurance corporation of india pay premium online. Under bill pay ebpp policy holder registers through the bankvendor and lic accepts the registration. The policyholder can also use hisher creditdebit card to make the online payment for lic premiums apart from net banking. How to pay lic policy premium online through credit card. Print and download the premium payment receipt for your records. Eligibility for lic gold credit card to avail this credit card, net income of the customer should be rs 1.
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