LIC’s life insurance policy not only makes your future secure, but also acts as a protective cover for your family. However, in our busy life, many times we forget to pay the premium.
But, after the introduction of UPI, now sitting at home, you can pay the premium of LIC in one click. LIC has given the facility of online payment gateway to its users. In this, you can renew the policy by paying your premium through the portal. Registered users of LIC can avail this facility.
Complete process of payment from website
To pay LIC premium online, first visit the official website. After this, click on the ‘Pay Premium Online’ link on the website. After this, the list of policies for which payment is due will appear in front of you. The user will have the choice to choose the policy for which he wants to pay the premium. After this you will be redirected to a page. Here you will find payment options of many banks and login pages of some selected banks. Bank’s site You can login using your net banking login id and password. You can make your payment once you are logged in. Once the payment is done, you will get an e-receipt.
Pay with UPI apps like this
You can also pay LIC premium through UPI apps like Google Pay, Paytm, Phone Pay. To pay premium through Google Pay, first download the Google Pay app from Play Store. After this create your Google Pay account. The option of ‘Pay Bills’ will appear in front of you in Google Pay. Scroll down to it and click on ‘View All’ option. After this tap on Insurance. Many options will come in front of you. You select LIC. Enter your policy number, email id and link the account. After this, click on the Proceed to Pay option to make the payment. Now select your bank and enter UPI ID. After this, make your payment by entering the UPI PIN.
Apart from Google Pay, this process is also followed in other UPI apps ie Phone Pay and Paytm. Let us tell you that if you want, you can make someone a nominee in your policy of LIC. If anything happens to the policy holder, then the nominee gets the benefit of the policy.
