LIC: 15 Simple Steps on LIC Premium Payment Online with Pictures [Without Login]

LIC Premium Payment Online

Introduction

In Today’s world of Digital era, convenience, and efficiency plays a key role. Life Insurance Corporation of India (LIC) has recognized this need and introduced a seamless online payment service that enables LIC Policyholders to make their premium payments without the hassle of logging into LIC India’s official website i.e. without having a customer login.

Usually, LIC customers may opt for Monthly, Quarterly, or Annual premium payment options and pay it as per their timelines. However, there may be a chance that all the LIC policy holders might not have registered in the LIC official portal to make the premium payments or to get complete information about their LIC Policies.

In this article, I will discuss How to make LIC Premium Payment Online through Credit Card from LIC’s official website and also I will show you the entire process in 15 easy step-by-step along with Pictures. Therefore, you will find it easy and you can pay your LIC Premium payment dues easily.

Let’s get started with “LIC Premium Payment online”..!!

15 Easy Steps on LIC Premium Payment Online [Procedure]

Let me go through the complete LIC Premium Payment online procedure through the Direct pay option.

Step 1:

Go to the LIC India Portal and click on “Pay Premium Online” which appears on the right top of the portal.

As I mentioned earlier, the LIC Policy holders can enter the LIC Premium payment portal, without providing any username and password i.e. without logging into the LIC portal.

Step 2:

Now, you can see the “Pay Direct (No registration required)” option.

To Pay your Outstanding Monthly, Quarterly, or, Annual Life insurance Premiums directly without logging in, click on the “Please Select” option as you can see in the below image.

Once you select it, the LIC Policyholder will get the below Payment options
1. Renewal Premium / Revival
2. Advance Premium Payment
3. Loan Repayment
4. Loan Interest Payment

Step 3:

To pay your ongoing LIC Premium, click on the “Renewal Premium/Revival” option.

Step 4:

Now it will be displayed that you are required to complete 3 steps to complete the premium payment.

1. Customer Validation
2. Premium Particulars
3. Payment

so, click on the “Proceed” button.

Step 5:

After clicking that, you have to fill in some of your personal and policy details like

1. Policy number,
2. Installment premium without Tax,
3. Date of Birth,
4. Email ID,
5. Mobile Number.

Step 6:

It is to be noted that “Installment Premium without Tax” means you have to enter your installment premium without including the GST portion. This will be available in the “Premium receipt” you paid earlier.

In case the premium receipt is not available, then you can contact your Insurance agent, they will assist you in this regard.
But do not enter the Total amount of the Insurance premium paid, you cannot proceed further.

Step 7:

Once you enter it and scroll down a bit, you will see some guidelines and terms. Then, Tick on “I Agree” and click on the “Submit” button.

Step 8:

Now all your Life Insurance Policy details will appear, Policyholder Name, Policy number, Due date, etc.,

And also details like
– The premium payable either on a Quarterly or Monthly basis
– How much to pay as a Total premium will appear here.

Step 9:

If you want to add your spouse’s or other family member’s policy details to pay it in a bunch, then you can also add more policies for whom you would like to pay the Insurance Premium.

For that, you have to enter their “Policy Number” and “Installment premium Without Tax” and click on “Add to List”.

For Example,

S.No.	LIC Policy Premium Without GST	LIC Policy Premium With GST
1.	Rs.7,681	Rs.7,854
2.	Rs.15,122	Rs.15,462

Step 10:

After clicking that, it displays how many policies you have selected and your Total LIC Premium payable amount including GST.

To confirm it, click on “Proceed”.

Step 11:

Now, Two gateways will be opened for the policyholders to complete payment in this final & 3rd step. i.e.
1. Paytm.
2. Bill Desk.

The LIC Policyholders can complete their payment by using either of these gateways.
I click on “Check & Pay” in the 2nd Gateway to pay the Premium amount.

Step 12:

After clicking on that, different payment options will appear
1. Credit card,
2. Debit card,
3. Internet banking
4. QR
5. UPI.

LIC Premium Payment Online Credit Card

If you don’t have enough money with you, but if you want to make the LIC Payment through your Credit Card, then click on the “Credit card” option.

LIC Premium Payment Online through Debit Card

If your Bank account has a sufficient balance, then, you can make LIC Premium Payment through your Debit Card, then click on the “Debit card” option.

LIC Premium Payment Online PayTM

If you don’t want to fill in all the Bank account details and want to conveniently pay through UPI apps like PayTM, then, you can make an LIC Premium Payment, then click on the “UPI” option.

Here, Select any of your most convenient options to make an LIC Premium payment.
I select the “Credit card” option.

Step 13:

Enter your Credit card or Debit Card details like Card number, Card Expiry Date, CVV, and Cardholder Name, and click on the “Make Payment” option.

Step 14:

Once you click on that, an OTP will be sent to your bank-registered mobile.

Enter it and click on the “Submit” button.

Step 15:

Now you will get a payment successful message. Also, all your transaction details will be displayed here. You can also see the details like How much you have paid and How you have paid.

Again we got the message that the premium payment is successful. Now you will see “Download Receipt” here, if you click on it, your LIC Renewal Premium Receipt will be displayed.

Frequently Asked Questions

Still, have Questions, this might help you, my dear friend..!!

Thanks for your time folks 🙂