How to pay LIC premium online?

The Life Insurance Corporation, or LIC, is one of India’s most well-known and oldest life insurance firms. Since its inception in 1956, LIC has provided insurance solutions to millions of consumers, during a period when it was the sole insurance provider in the country. Over time, the company has not only grown its operations but also its product offerings to meet the insurance needs of an ever-growing population. Following years of innovation and providing some of the greatest life insurance products, LIC is currently regarded as one of the country’s most dependable, reputable, and popular life insurance providers.

If you are a Life Insurance Corporation (LIC) of India customer, you can manage your policy as long as you have an internet connection. You can pay your premiums online, which is a user-friendly and hassle-free method.

Online payment facility

As the world of banking and insurance has changed online, an increasing number of consumers are choosing the convenience of making payments online. These payment mechanisms have gotten increasingly complex through time and via innovation. LIC provides many payment channels for its clients’ convenience in order for them to pay for their LIC insurance. Payments for LIC insurance can be made online in a variety of methods, including through the LIC website, authorised bank branches, franchisees, and retailers.

Online payment channels

Authorised Banks

Axis Bank

Corporation Bank

City Union Bank




AP Online

MP Online


Suvidha Infoserve



Premium point

Life – Plus – Easy Bill Pay (SBA)

Collection of Retired LIC Employees

Chief Organisers

LIC Associates

LIC Website

Debit Card

Credit Card


Net Banking

Through website

LIC has built up a dedicated site named ‘Online Services,’ which is an on-demand premium collecting service, to allow customers to pay for their plans and policies in a secure and simple manner. Customers can conveniently make policy payments in real-time and securely using net banking through this service.

They can also pay for LIC policies online using a credit or debit card. Customers who have registered and enrolled on their LIC policies on the LIC website are eligible for this service. Some key factors to keep in mind when making payments through the Online Payment Gateway are as follows:

  1. You will be required to click on ‘Pay Premium Online’ under this option.
  2. You will then be led to a new page with two options: ‘Pay Direct (Without Login)’ and ‘Through Customer Portal’.
  3. If you pick ‘Pay Direct (Without Login),’ you will be taken to a screen where you may choose from the following alternatives –
  4. Premium renewal/revival
  5. Repayment of a loan
  6. Payment of LIC premiums in advance
  7. Payment of loan interest
  8. If you select ‘Through Customer Portal,’ you will be taken to a screen where you must input information such as your user ID, password, birth date, and so on.

Online payment for registered users

If you have registered your policy on the LIC website, you can pay the premium for your insurance via the LIC website’s e-Services function. The following are the steps for making premium payments utilising that facility:

Step 1: Navigate to the LIC India website. Locate the ‘Online Services area’ on the home page and click the ‘Pay Premium Online’ option.

Step 2 – This will take you to a new page with two options: ‘Pay Premium through e-Services’ and ‘LIC Pay Direct’  To select the first option, click on it.

Step 3 – You will be taken to the LIC e-Services website, where you must select the ‘Registered User’ option.

Step 4 – The following screen will prompt you to enter your LIC login ID and password. Fill out the form with the required information and click the Submit button.

Step 5 – In order to obtain your policy data, you must first enrol your insurance on the website.

Step 6 – In the e-Services area, look for the ‘Enrol policies’ tab. Simply click on it.

Step 7 – After you click on it, you will be prompted to provide your policy number and the amount of the premium due.

Step 8 – Next, on the left side of the page, click on the button labelled ‘View enrolled policies.’

Step 9 – A page with a code will then be presented. Fill in the code and press the ‘Submit’ button. Following that, you will be able to view your policy details.

Step 10 – Once you’ve logged into the online services portal, you’ll be able to see all of your enrolled plans.

Step 11 – After reviewing the policy details with customer support, you will find a “Pay Premium online” option to make the payment online.

Step 12 – Next, click on the ‘LIC Pay Premium Online’ page to view the list of policies that you have enrolled in your LIC account.

Step 13 – From this screen, select the policies for which you want to pay the premium and then click the Submit button to confirm your choice.

Step 14 – You will be routed to the payment gateway page, where you can choose to pay using net banking or your credit/debit card.

Online payment through Debit/Credit card

Aside from net banking, you can also pay your LIC policy premiums with your debit card. The procedure is straightforward and simple to grasp. Payments by debit/credit card will be processed through the IDBI Gateway. To begin the process of making a premium payment using your debit card, simply follow the steps outlined under ‘LIC Online Premium Payment Through Net Banking’. Following that, the following stages have been listed:

Step 1 – When you click the circle next to ‘IDBI Gateway,’ you will be taken to another page where you can see the Convenience Fee and Service Tax associated with each Card Type. Determine the service tax applicable on your payable amount by identifying your card type and the amount of premium you must pay. Then, press the Submit button.

Step 2 – You will then be led to a website where you will be prompted to input your credit card information in order to complete the transaction. You will most likely be prompted to input your debit/credit card number, card expiration date, CVV2/CVC2 number, name on the card, email ID, and cellphone number.

Also, enter the captcha code that appears in the box. You may also be able to make a payment using an OTP, ATM PIN, or a password.

Step 3 – Select Pay. You will receive a receipt for the payment made to the email address you entered or the one associated with your LIC policy.

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