How To Pay LIC Premium Online Check Now

Table of Contents

Introduction

Pay LIC Premium Online the Life Insurance Corporation of India (LIC) is a leading insurance provider in the country, known for its reliability and extensive range of policies. Established in 1956, LIC has grown to become a household name due to its high claim settlement ratio and customer-centric approach. This article provides a detailed guide on how to pay LIC premiums online using popular digital platforms like Phone Pe and Google Pay.

What is LIC?

LIC, or Life Insurance Corporation of India, operates under the Government of India and is headquartered in Mumbai. It offers a variety of insurance products tailored to meet different customer needs. Since its nationalization in 1956, LIC has become one of the largest insurance companies in India, boasting over 3,000 offices nationwide and a significant profit margin.

Paying LIC Premiums Online

Paying LIC premiums has traditionally required visiting a branch or a cybercafé. However, with the advent of digital payments, this process has become much simpler. You can now pay your LIC premium online using your smartphone through various applications.

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1. How to Pay LIC Premium Online Using PhonePe

PhonePe is a popular digital payment platform that allows users to pay bills, recharge mobile phones, and perform other financial transactions. Here’s a step-by-step guide to paying your LIC premium through PhonePe:

Download the Phone Pe App: Install the Phone Pe app from the Google Play Store or Apple App Store and set it up by linking your bank account.
Open PhonePe: Launch the app and navigate to the “Recharge & Pay Bills” section on the dashboard.
Select LIC: Click on “See All” to view various payment options, and then select “LIC.”
Enter Policy Details: Input your LIC policy number and email ID to fetch your policy details.
Make the Payment: Choose your preferred payment method (e.g., Debit Card) and complete the transaction.

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2. How to Pay LIC Premium Online Using Google Pay

Google Pay is another widely used digital wallet that supports LIC premium payments. Follow these steps to pay your premium through Google Pay:

Install Google Pay: Download the Google Pay app from the Play Store or App Store and sign in.
Open Google Pay: On the main screen, tap on “New Payment.”
Search for LIC: If LIC is not immediately visible, use the search function to find it.
Link Your Account: If you haven’t already linked your bank account, do so now.
Pay Your Premium: Select “Pay Bills,” choose LIC, and enter your policy details. Proceed to payment and confirm.

3. How to Check LIC Policy Status Online

To stay updated with your LIC policy status, you can check it online or via SMS.

Online Method:

Visit LIC’s Official Website: Go to the LIC official website and log in to your account.
Check Policy Status: Navigate to the policy status section where you can view details related to your policy, including renewal dates and premium payments.

SMS Method:

Send an SMS: Text “ASKLIC PREMIUM” to 56677. You will receive a response with your policy details.
Other Information: For renewal and bonus information, replace “PREMIUM” with “RENEWAL” or “BONUS” in your SMS.

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Conclusion

Paying your LIC premium online has never been easier with the availability of digital payment platforms like Phone Pe and Google Pay. These methods not only save time but also offer a convenient way to manage your insurance payments from the comfort of your home. Whether you are checking your policy status or making a payment, these online tools streamline the process, making it hassle-free.

Feel free to share this guide with others who might benefit from these digital payment options. For further information or assistance, visit the official LIC website or contact their customer service.

Sources:

LIC Official Website
PhonePe Help Center
Google Pay Help Center

Frequently Asked Questions (FAQ)

1. How can I pay my LIC premium online?

You can pay your LIC premium online using various methods including PhonePe, Google Pay, and other digital payment platforms. Simply download the app of your choice, enter your LIC policy details, and follow the steps to complete the payment.

2. What is the process to pay LIC premium through PhonePe?

To pay your LIC premium through PhonePe:

Download and open the PhonePe app.
Go to “Recharge & Pay Bills” and select “LIC.”
Enter your LIC policy number and email ID.
Choose your payment method (e.g., Debit Card) and complete the transaction.

3. How do I use Google Pay to pay my LIC premium?

To pay your LIC premium using Google Pay:

Open the Google Pay app and tap on “New Payment.”
Search for LIC and select it.
Enter your policy details and link your bank account if not already linked.
Proceed to pay and confirm your payment.

4. Can I check my LIC policy status online?

Yes, you can check your LIC policy status online by visiting the LIC official website. Log in to your account to view policy details, renewal dates, and premium payments.

5. How do I check my LIC policy status via SMS?

To check your LIC policy status via SMS, send “ASKLIC PREMIUM” to 56677. You will receive a message with details about your policy. For renewal or bonus information, replace “PREMIUM” with “RENEWAL” or “BONUS” in your SMS.

6. Are there any charges for paying LIC premiums online?

Generally, there are no additional charges for paying LIC premiums online through most digital platforms. However, it is advisable to check with your payment provider or LIC for any potential fees.

7. What if I face issues while paying my LIC premium online?

If you encounter any issues while paying your LIC premium online, contact LIC customer support or the support team of the payment platform you used. They can assist you in resolving payment issues or processing refunds if necessary.

8. Is it safe to pay LIC premiums online?

Yes, paying LIC premiums online is safe as long as you use secure and trusted payment platforms. Ensure you are using official apps and websites and follow best practices for online transactions.

9. Can I schedule my LIC premium payments online?

Currently, most digital payment platforms do not offer scheduling options for LIC premium payments. You will need to make each payment manually by the due date.

10. What should I do if I forget my LIC policy number?

If you forget your LIC policy number, you can find it on your LIC policy documents or contact LIC customer service for assistance in retrieving it.