LIC Pay Premiums Online : Life Insurance Corporation of India

Organization : Life Insurance Corporation of India
Facility :Pay Premiums Online

Home Page : https://licindia.in/
Login here : https://customer.onlinelic.in/LICEPS/Login/begin.do

Pay Premiums Online :

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.

Related : LIC Policy Status : www.statusin.in/2515.html

The payment gateway (PG) initiative is an important component of the offer. It provides for real-time payment of renewal premium-dues through the portal. This functionality is available only to registered customers who have enrolled their policies.

benefits :
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

eligible for payment of premiums thru this facility :
** Policies which are being serviced in networked branches, or those policies which can be accessed through our MAN (Metro Area Network) or WAN (Wide Area Network).
** Policies which are of ordinary mode of payment ie. Yearly (Yly), Half-yearly (Yly) or Quarterly (Qly).
** Policies with mode of payments such as single premium, ordinary monthly (Mly) and Salary savings scheme (SSS) are not available for this facility.
** Policies should reflect in-force policy status. Lapsed policies or policies due for revival are not valid.

Procedure :
** You have to log on to the bank/service provider’s website.
** On the web page, you have to signify the date on which you want your account to be debited and click the consent for the payment. You may even specify a particular account in case of multiple bank accounts.
** The authorized Bank will debit your bank account, consolidate the payments and send the consolidated amount to LIC in form of bankers’ cheque / payorder.