LIC Premium Payment

LIC Premium Payment

  • Complete LIC Premium Payment Online
  • LIC Premium Payment in a Few Clicks
  • LIC Premium Payment via Paytm

LIC Premium Payment Online

Life Insurance Corporation of India (LIC of India) has been a trusted name since its establishment serving life insurance products to diverse customers, from young to senior citizens. Depending on the financial goals of an individual, the customers can compare and select a suitable LIC policy from different types of life insurance options, including LIC term insurance, LIC endowment plan, LIC child plan, LIC ULIP plan, LIC pension plan, LIC money back plan, and LIC health plan.

After purchasing an LIC policy, the policyholder needs to pay the LIC premium on time so that they can enjoy pre-decided benefits. Earlier, the policyholder was required to visit the servicing LIC branch or connect with the LIC agent to pay the premium. The time has changed, and LIC is continuously working to reduce the efforts of the customers. The LIC of India has enabled multiple channels to conveniently pay LIC premiums online and offline. This article will provide you with the step-by-step process for LIC online payment of premiums from different modes.

Why Timely LIC Premium Payment Matters?

Imagine your LIC life insurance policy as a safety net for you and your family. Just as a safety net needs to be protected to serve its purpose, your LIC life insurance coverage needs to be maintained through timely premium payments. If you fail to pay your LIC premiums on time, your policy may lapse, which means your loved ones won't receive definite financial support when needed. A LIC policyholder can check LIC policy status and complete the LIC premium payment online and offline at their convenience. Besides that, the LIC online premium payment provides you with some additional benefits. Let’s explore them further.

Advantages of LIC Premium Payment Online

Here are some advantages of opting for online premium payments:



LIC online premium payment provides 24/7 accessibility to make transactions, day or night, from the comfort of your home or office. This flexibility is especially beneficial for those with busy schedules or unconventional working hours. You just need an internet connection and policy details to complete the LIC premium payment in minutes.


Quick Transactions

Moreover, you can also make LIC premium payment online without login.


Secure Transactions

LIC premium payment online are equipped with advanced security measures and adhere to industry standards. All the personal and financial information is encrypted, ensuring a secure transaction every time.


Instant Confirmation

Once a LIC policyholder makes an online premium payment, they receive an instant acknowledgement or receipt. This real-time payment confirmation provides peace of mind, assuring that the payment has been successfully processed. They can also track the transaction history and review your premium payments over time.


Timely Reminders

LIC has enabled the reminder facility through SMS or email notification to the policyholders, which helps them remember the premium due dates and pay the LIC premium on time without fail.


Digital Documentation

After completing LIC premium payment online, the policyholder can download e-receipts and documents for online transactions. These documents are useful for future reference.

LIC Online Payment Modes

For the ease and convenience of the customer, LIC of India has enabled multiple LIC premium payment modes and channels. Both registered and non-registered can pay the LIC premium online using a suitable mode. Let’s look at the LIC payment methods in detail.

Offline NACH Bill Pay ATM Premium Points Life Plus Offices
LIC Website Net Banking Credit/ Debit Card BHIM UPI Online Wallets -
Authorized Banks Axis Bank City Union Bank IDBI Bank - -
Mobile Applications PayTM GPay Amazon Pay Phone Pe Mobikwik
Franchises APT Online MP Online Easy Bill Pay CSC Suvidha Infoserve
Merchant Premium Point Retired LIC Employee Collection Life Plus (SBA) - -

LIC Premium Payment Online (For Registered LIC Customers)

The registered LIC customers should complete LIC Login to proceed with LIC premium payment online. Here is the step-by-step process for registered users to pay the LIC premium online.

  • Visit the official website of
  • Go to the ‘Login to Customer Portal’ section located on the left side of the homepage.
  • Login to your LIC customer account with the ‘User ID’ or ‘Get an OTP’ option. Click on the ‘Login’ button.
  • Click on the ‘Self Policies’ option for full policy details. If your premium is due, the ‘premium due date’ will appear on the screen.
  • Click on the ‘policy number’ to get the further information. Here, you will see all the policy details.
  • Select the LIC premium check policy and click on the ‘check & pay’ button. After the click, you will be redirected to the payment gateway to complete the payment.
  • Click on the suitable LIC premium payment option and proceed further to complete the LIC premium transaction.
  • After selecting the LIC online payment mode, a list of banks will be displayed on the screen. Select your preferred bank and click on the ‘submit’ option. Note that you need to pay the convenience fee and service charges to complete the LIC premium transaction.
  • Provide all the required details and click on the ‘Make Payment’ button. After a successful payment, you will receive the LIC premium payment receipt in the registered email.

LIC Premium Payment Online Without Login

Customer registration is not mandatory for the online LIC premium payment. Individuals can also complete the LIC premium payment online without login by following the steps below:

  • Visit the official website of LIC of India.
  • Click on the ‘Pay Premium Online’ option available on the homepage.
  • You see the different Quick Pay options on the other screen. Select the ‘Renewal Premium/ Revival’ option to continue with the LIC premium payment for non-registered users.
  • Click on the ‘Proceed’ button on another screen.
  • Complete the three-step process of Customer Validation, Premium Particulars, and Payment by providing the required details. Click on the ‘Submit’ button.
  • You can pay the LIC premium using a suitable LIC online payment mode/ channel. After the successful payment, an e-receipt with a digital signature is mailed to you on the registered email that you can download and use in future as evidence.

LIC Premium Payment Online Via Debit/ Credit Cards

LIC of India also allows you to pay the LIC insurance payment online through a debit card or credit card. The LIC insurance payment online via debit or credit card is completed via the IDBI gateway. Below are the key steps to complete the LIC renewal premium.

  1. Visit the official website of and log into the official payment gateway of LIC.

  2. Select the IDBI as the preferred payment option.

  3. Choose the debit/credit card type, enter the premium amount, and click the ‘submit’ button. Here, you will see the convenience fee and applicable service tax on it.

  4. On the next screen, you are required to enter debit/credit card details, including card number, expiry date, CVV, your name on the card, registered email or mobile number. Verify the captcha.

  5. You are given two options to complete LIC premium payment- OTP or ATM PIN.

  6. Once you verify all the details, click the ‘Pay’ button. You will receive the payment receipt on your registered mobile and email.

LIC Insurance Payment Through Merchant/ Portal

The LIC policyholders can complete the LIC premium payment by connecting with the LIC merchants or LIC agents nearby. These merchants use the LIC Merchant Portal to complete the LIC insurance payment from your end. The authorized LIC personnel are premium agents, Senior Business Associates, and retired LIC agents. Before you pay through an LIC agent, here are some important pointers that you need to know.

  • The LIC agents or merchants can also collect the premium for ULIP policies.

  • The LIC premium payment can also be made by issuing a cheque in the name of an authorized LIC agent.

  • The policyholders can also pay LIC premiums in advance, depending upon the type of LIC policy.

  • If the policyholder misses the LIC premium payment before the due date, a late penalty is levied at @8%.

  • The LIC policyholders do not need to pay any service charges if they contact the three authorized LIC personnel members.

LIC Online Payment Through Paytm

The mobile payment application Paytm has also enabled the service to pay the LIC premium to increase customer convenience. Follow the given steps to pay the LIC premium online via Paytm.

  1. Download and log in to the Paytm mobile application.

  2. On the home page, scroll down to the ‘Recharge & Bill Payments’ section and click on ‘View more’.

  3. The next screen shows different bill payment options. Scroll down to the ‘Financial Services’ section. Click on the ‘LIC/Insurance’ option.

  4. Scroll and select ‘LIC of India’ from the list of life insurance companies given.

  5. Provide the required details, like policy number, email ID, and date of birth. Click on proceed.

  6. Next, select the mode of LIC premium payment and complete the transaction.

  7. Upon successful payment, you receive a Paytm notification for the LIC policy renewal.

This one-time process saves your LIC premium payment details, and you can pay your next premiums in just a few clicks.

What to Consider While Doing LIC Policy Premium Payment Online?

While completing premium payment of LIC of India or for any other life insurance company, here are some key points to consider

  • The policyholder should only pay their own premiums online, and no third-party payments should be made.
  • Provide correct and valid contact details to receive policy information on time.
  • If the LIC premium amount is debited from your account, but the error page is reflected, you will receive a receipt in three working days when the bank confirms the transaction.
  • You can also contact LIC customer support if you have any inconvenience.

Final Words

LIC of India is one of the most trusted life insurance companies in India. With multiple LIC premium payment modes and channels, the LIC of India has increased the ease of payment for customers. Now, they do not have to stand in long queues but can finish the payment in minutes from the comfort of their homes. We have discussed all the LIC premium payment processes from multiple channels, including LIC premium payment online without login. LIC of India has also launched LIC credit card, and LIC pay directly to complete the transaction.

In case you face any inconvenience or delay related to LIC insurance payment, you can reach out to the nearest LIC branch or connect with LIC customer support. If you want to buy another LIC policy, you can search for a LIC agent nearby. Take help from RenewBuy Advisor Connect to find a life insurance agent near you. Professional advice is all we seek before making any investment decision. Connect with RenewBuy POSP advisor for expert consultation or if you need any assistance with LIC insurance premium payment online without any hassle.