This is complete information about the Best investment instruments. You have a choice to select the policies for which you want to pay premium. In case the policyholder has purchased policies for his/her family members (children and spouse), he/she can enroll those using the birth date mentioned in the policy. Such bills cannot be paid through one-time payment mode. This Page is BLOCKED as it is using Iframes. Advertisement Regulations for All Marketing Officials, You can pay LIC premiums using Net Banking accounts with any of the following banks:-. Once you have enrolled your policy(s), you can click on the link ‘Pay Premium Online’ to see a list of policies whose premium is due. Premiums for ULIPs can be paid through the online portal. Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Registered Users/ Agents/ Development Officers/Branch login here for the Portal Services : Following are some of the banks that have partnered with LIC to promote online premium payment: Apart from the ones mentioned above, there are multiple other banks that act as service providers. Initially, there is no provision to pay the LIC premium using the credit card. Copyright © 2021   BankBazaar.com. If paying your insurance premiums by directly visiting the branch has become a If the policyholder thinks that the payment has been unsuccessful for some specific reason, he/she can check his/her bank account statement before proceeding to make the payment for the second time. For detailed documentation on how to verify the digital signature on the e-receipt. LIC premium can be paid either through net banking or through Credit/Debit cards. Thus, similar to the steps used to pay premium through ICICI Bank debit card, debit card of any other bank can also be used. The minimum penalty fee for paying premiums late is Rs.5. » It is also a secure arrangement, as the policy data is not shared between LIC and Banks over net as only the amount to be paid is encrypted and transported. LIC Merchant Agent portal login, Policy details plans schemes, status, LIC online premium payment through debit/credit card, customer care toll free number, LIC of India online, Pay LIC payment online. Debit Card Avail of the finest selections of debit cards to make payments on the go and online Prepaid Card One Card, Many Uses. Neither LIC Credit Leaving so soon? Online Payment Gateway is LIC’s initiative to provide you with on demand service within a few clicks! Once the registration has been completed, the policyholder can then proceed to enroll his/her existing policies on the portal. Enquiry of Outstanding Claims for the Current Year, Policy for protection of interests of policyholders. Reach the payment gateway and make payment through net banking, credit card or debit card. Uh-oh! On successful login, the total amount to be paid by you towards LIC will be displayed. LIC Online Premium Payment via Credit/Debit Cards The policyholder can also use his/her credit/debit card to make the online payment for LIC premiums apart from net banking. Also on ALL POSSIBLE digital modes through LIC website without any service charges. Here’s a simple step-by-step guide on how you can go about using this facility: Online Premium Calculator, generate an instant illustration for Premium. Step 6: Select the payment method (Select the bank name, if you want pay by using the Net banking), else select your Credit or Debit Card type. Please verify your balance (displayed) and confirm the transaction to the bank. Bill Payment ii. Enter Policy Details and Pay using NetBanking or Debit/Credit Cards. But recently LIC has provided an option for LIC online payment through Credit card. In case the payment is made twice on the online portal, the additional amount is transferred back to the policyholder with the help of the service provider. Simultaneously successful/unsuccessful transaction message will be flashed. The login id at both the sites (LIC and Bank) is known only to you. To make online payment of premiums for LIC using your debit card, follow the below mentioned steps: Step 1: Go on to LIC's official website. As opposed to the traditional method of paying premiums offline, LIC has established an online portal through which individuals can pay their premiums either through a debit card or a credit card. Visit LIC’s official website (www.licindia.in) Under ‘Online Services’, click on ‘Pay Premium Online’ option Shop, Dine, Pay and Enjoy the Benefits of Convenience Forex Card … what is the procedure pze tele me step by step in my e-mail id - [protected]@gmail.com The bank also offers payment facility through net banking, debit card and credit card, along with PayTM, PhonePay, GooglePay, Bhim and UPI. Privacy Policy. The recent initiative of LIC, known as the Payment Gateway (PG) has been instituted to provide on-demand service of premium collection in a jiffy. The Payment Gateway (PG) for debit card and netbanking is BillDesk. In case of an unsuccessful transaction you will be informed and the reason thereof. This facility is available for all non-ULIP policies. Policyholders can make real-time premium payments through the portal. Breaking News : LIC premiums can now be paid at the nearest CSC centres throughout the country. Step 5: Verify the details and Click ‘Pay Now‘.Now you can select the Payment Method. If the policyholder does not have an account, he will have to generate his/her username and password, then continue with the procedure further. Complaint … Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products. 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. Once all policies have been enrolled, the policyholder will be required to choose the option ‘Pay Premium Online’, wherein a list will be displayed exhibiting all the policies where premium payment is due. The invoice/receipt of this payment can be printed by the policyholder online. In order to pay the premiums for policies online, one needs to register on the website with the accurate credentials (username and password). Now the payments can be made using VISA/Master Credit Card (Domestic Only) with some convenience charges. EDIT (30/7/2017): Today while trying to pay premium, I see that there are no charges for payment using credit cards. Credit Card Bill Payment - Axis Bank provides various easy options to pay your Credit Card bills. The online LIC payment of premiums using credit/debit cards is processed via IDBI Gateway. Follow the instructions mentioned below. The payment gateway (PG) initiative is an important component of the offer. LIC Premium payment online through Pay Direct – Credit/Debit Card Charges You can use the following Credit Card/Debit Card or online internet banking facility to pay the LIC premium online. The list of the banks will appear when you select type of card through which you want to make a payment. Customers or policyholders who live outside the country can also pay their premiums through the Online Payment Gateway via credit card, debit card, or net banking. Enter your number below. On successful transaction, a digitally signed e-receipt will be generated and e-mailed to you. » And above all there is no charge for you to avail this service. The Life Insurance Corporation initiated multiple ways to pay the premiums in online to the policyholders. You can now have many of the functionalities that were available only at a branch office, online at your fingertips. I have registered for Auto Bill Pay facility on my Citibank Account or Credit Card today on Citibank online and my payment is due next week. LIC credit card payment – Online mode for non-LIC Account You do not necessarily open an LIC account to have an LIC credit card, you can also pay your credit card bill using a non-LIC account. The LIC of India offers its online payment services through its web portal. It provides for real-time payment of renewal premium-dues through the portal. The recent initiative of LIC, known as the Payment Gateway (PG) has been instituted to provide on-demand service of premium collection in a jiffy. However, keep your policy details handy before you proceed towards paying your premium. Make premium payment for your enrolled policy using NetBanking or Debit/Credit Cards. The Payment Gateway (PG) for credit card is IDBI. Bharat Bill Payment System (Through IDBI Bank Internet Banking, IDBI Bank Debit Card & Credit Card) FAQ on BBPS Process Flow i. Debit Card A debit card is a plastic payment card that can be used instead of cash when making purchases. There are several ways that a person with an LIC credit card can pay their credit card bills through online transactions using other bank accounts. It is crucial to enter the accurate premium amount while enrolling. LIC’s Online Payment Gateway is a completely secure way of making premium payments, and no sensitive policy data is shared with other sources during the process. Using LIC Pay Direct is simple, and you can easily make your LIC online payments through a credit/debit card. I am an online registered customer of life insurance corporation of india & want to pay the lic premium through the atm cum debit card. The process for … Choose the one convenient for you and enjoy hassle-free banking with us. Online Payment Online Payment Gateway is LIC’s initiative to provide you with on demand service within a few clicks! However, to avail this service, one needs to register himself/herself on the portal with accurate credentials. How to make online new user register in LIC India web page LIC insurance policies online payment, The credit/debit card payments shall be initiated in 3 simple steps: It seems the convenience fees has been waived off. LIC Merchant Agent portal login, Policy details plans schemes, status, LIC online premium payment through debit/credit card, customer care toll free number, LIC of India online, Pay LIC payment online. However, the same can be done under any mode (yearly, quarterly, monthly, or half-yearly). The details that one needs to know before proceeding towards payment are – Once the payment mode has been confirmed by the policyholder, a Dialog Box will appear as a cautionary message for the policyholder to not make the payment for a second time. LIC also sends a copy of this receipt to the policyholder’s email ID. If you’re paying your LIC premium for the first time using your credit card, you can make online payment without registration. "RFP floated by Government of India for engagement of Actuarial Firm for LICI IPO", "Policy holders can submit Maturity claim documents by email till 31.07.2020", "Dear Policyholder, Please submit Bank Account Details ( NEFT ) to LIC - Click here to Download NEFT Form", "PLEASE REGISTER IN CUSTOMER PORTAL FOR AVAILING ONLINE SERVICES", "For Life Insurance Policies whose premium fall due in MARCH and APRIL 2020, Additional Grace Period of 30 days is allowed.". For installation of root certificate, you need to download the RCAI-Class3.p7b file and import the same as per e-receipt verification documentation (eReceipt_Verification_Help.pdf). Payment of insurance premium through debit card is a simple and convenient way to ensure that your policy is intact. As opposed to the traditional method of paying premiums offline, LIC has established an online portal through which individuals can pay their premiums either through a debit card or a credit card. ULIP premiums can also be paid this way. Step 2: Select "pay premium online" option. To avail this option, policyholders have to register themselves on the portal with the necessary credentials. In the next step, the policyholder will be required to select the bank from the displayed drop-down list. As and when premium becomes payable under the registered policy, LIC sends the bills to the bank/service provider, and the information will be displayed by the bank/service provider in your net-banking account page. You can pay the bills by using Net Banking, Debit Card, Credit Card or Cash Card (Through BillDesk Payment Gateway). Auto-Debit Facility: Auto Debit payment option saves you from the effort of remembering your payment due date every month towards the payment of your IDBI Bank Credit Card dues. Please re-enter your phone number. Also, Here are the Charges for different modes of online payment Breaking News : LIC premiums can now be paid at the nearest CSC centres throughout the country. LIC has developed multiple ways in which policyholders can pay premiums for policies. Step-by-Step Guide on How to Make Premium Payment Using the Online Portal. It is essential that you have a net banking account with at least one of these banks. Intimation to policyholders regarding changes in tax structure due to implementation of Goods and ServicesTax (GST) - Click Here Beware of Spurious Phone Call and Fictitious/Fraudulent Offers " FRAUDULENT … Through the online payment, the customers can choose Debit or Credit card to pay their premiums. Now you can pay your LIC premiums online through the debit card option. Basic Safety measures to fight against Coronavirus Disease(COVID-19), Intimation to policyholders regarding changes in tax structure due to implementation of Goods and ServicesTax (GST) - Click Here, Beware of Spurious Phone Call and Fictitious/Fraudulent Offers, " FRAUDULENT RECRUITMENT ADs: BEWARE...! To pay LIC premium online, customer has to pay the service tax and nominal fees. Also on ALL POSSIBLE digital modes through LIC website without any service charges. In the next step, the policyholder will be required to select the policies where premiums are to be paid with the help of selection box. You will be directed to a page where you can choose from multiple banks for payment and will be directed to the login page of the selected bank. ", Beware of fake / spurious calls - DOs and DONTs, Notice to Public regarding Combination of Products, Make premium payment for your enrolled policy using NetBanking or Debit/Credit Cards. Debit cards allow bank customers to spend money by drawing funds that they deposited with the card provider. In very recently, the LIC policy started the Payment Gateway has instituted through these customers can make real-time premium payments. The next page will display the options that the policyholder wants to choose from for making the premium payment. Let’s quickly understand how you can easily make online LIC payment both with registration and without registration. Pay Premiums without Login using Policy Details At the bank site you will need to login with your net banking username/password. LIC Online Payment Through Debit/Credit Card: Besides net banking, you can also make premium payment for your LIC policy using your debit card. Salary Savings Scheme (SSS) policy premiums cannot be paid through the online channel. Payment using the Credit card or using a Credit card also choose to pay the tax... 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