If you want to make lic online payment, it can be made easily through different channels. Initially you have to register at lic of india online payment website to enable you to make payment eight through Net Banking or thorough Visa Debit card. Net banking facility is available for nearly 51 banks in India and Visa debit card facility for nearly 35 banks inIndia. This facility is available only for non ulip policies. Also this payment facility is not available for credit card holders. One has to pay either through net banking or visa debit card as mentioned above to make lic online payment. Follow the simple procedure given below on how you can make payment online easily.
Registering to Make Lic Online Payment
Initially one has to register his or her policy number at lic website. After logging in, look for the option pay-premium-online to go through the different policies you have subscribed.
Now you can choose the policy for which you want to make lic online payment. Now you will be taken to a page where you can select one of the banks to make payment through net banking. You should have a net banking account with one of the banks listed there.
Once you select your desired bank, you have to login to that website with your username and password. After logging in, you will be able see the amount of premium for lic online payment you have to pay and the amount at credit in your savings bank account.
Before making lic online premium payment, you have to check whether the balance in you bank account is sufficient or not. After making payment successfully, a receipt will be created by lic and mailed to your email address specified. For any reason if you are not able to make payment, the relevant reasons will be shown to you.
However you are unable to make lic online payment, there are other ways also. You can make payment at nay lic office in India irrespective of the place of policy issued. Ulip premium payment also can be make at any of the lic offices inIndia. Lic premium payments can be made through DD, Cheque or Cash. You can even make your payment through ECS, ATM or any Axis bank counter in India and lic portal payment or lic online premium payment that is what given more emphasis here. Also the receipt issued by Axis bank is valid for all purposes including getting income tax exemption on your premium payment.
Modes of Lic of India Online Payment and Grace Period:
Lic of india online payment or offline payment for premiums other than single premium may be paid by the policy holders to life insurance corporation of India in monthly, quarterly, half yearly and yearly. One month grace is provided by lic for all modes of premiums that is quarterly, half yearly, yearly except for monthly premiums for which the grace period is 15 days. Facility for days of grace is not available for under certain plans.
The Advantages of Making Lic Online Payment
You can make payment instantaneously and get the receipt immediately for your lic of india online payment.
You need to register only once at lic official website to make payments continuously.
There are no additional charges to make lic online payment.
You can make your payments safely and securely as your passwords and amounts paid are encrypted, the only requirement from your side is, you need to keep your usernames and passwords for your bank and lic safely and record them on your computer or personal dairy so that they are handy whenever you need them to make lic online payment easily.
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