LIC Premium Payment

Managing your LIC premium payment is an important part of keeping your life insurance policy active and your financial protection uninterrupted. Whether you’re paying monthly, quarterly, or annually, timely premium payments ensure that your policy benefits remain secure and continue to support your long-term financial goals without any hassle.

Today, LIC offers multiple convenient options, including LIC online payment facilities that make the process quick and stress-free. With LIC premium payment online, policyholders can pay from anywhere, avoid missed due dates, and track payments easily. This digital flexibility helps you stay consistent with your commitments while enjoying peace of mind and better control over your insurance planning.

Now, customers have the convenience of paying their LIC premiums through Bajaj Pay. The Bharat Bill Payment System (BBPS), introduced by the RBI, serves as an integrated online platform for various bill payments, ensuring a secure and convenient way to pay bills such as electricity and water.

Following are the key benefits of paying LIC premium online on Bajaj Finserv:
 

• Quick and hassle-free: 

Bajaj Finserv provides a safe and secure payment platform on BBPS. Your LIC premium payment details are secure with the platform’s robust security measures.
 

• Safe and secure:

Bajaj Finserv provides a safe and secure payment platform. Your LIC premium payment details are secure with the platform’s robust security measures.
 

• Multiple payment options:

Bajaj Finserv offers multiple payment options, including debit card, credit card, net banking, e-wallet, and UPI. This allows you to choose the payment method that suits you best.

• Instant confirmation:

After making the payment, the platform immediately confirms the payment through an email and SMS.
 

Following are some of the popular LIC plans, including term plans, pension plans, and more:
 

A convenience fee of up to 2% will be charged depending on the transaction amount and payment mode (inclusive of applicable taxes). For more information on fees and charges, click here.
 

Note: For failed transactions, the total amount including charges except taxes are reversed.
 

Steps to make LIC premium payment online on the Bajaj Finserv app

You can make LIC premium payment online using the Bajaj Finserv app by following these steps:
 

1. Download the Bajaj Finserv app from the Google Play Store or App Store and install it on your device
2. Open the app, log in, or register if you are a new user
3. Go to ‘BILLS AND RECHARGES’ and select ‘LIC/ INSURANCE’ under ‘FINANCIAL SERVICES AND TAXES’ section
4. Choose ‘LIC’ as your issuer
5. Enter your policy number and DOB and click on ‘FETCH YOUR BILL’
6. Select a payment method from the list of available payment options such as credit cards, debit cards, e-wallet, UPI, and net banking 
7. After choosing your preferred payment mode, enter the requested payment details
8. Check the details you entered and click on 'PAY NOW’

You will receive a notification from Bajaj Finserv after successful payment.

Steps to pay LIC premium on the Bajaj Finserv website
 

Here is how you can pay for your LIC premium on the Bajaj Finserv website:
 

1. Visit the Bajaj Finserv website
2. Go to the ‘BILLS AND RECHARGES’ under the ‘PAYMENTS’ section
3. Under ‘FINANCIAL SERVICES AND TAXES,’ select ‘LIC/INSURANCE’
4. Choose your biller from the drop-down
5. Enter your loan number and click on ‘FETCH YOUR BILL’
6. Select a payment method from the list of available payment options such as credit cards, debit cards, e-wallet, UPI, and net banking
7. After choosing your preferred payment mode, enter the requested payment details
8. Check the details you entered and click on 'PAY NOW’
    

You will receive a notification from Bajaj Finserv after successful payment.

How to pay LIC premium online direct through LIC portal?

Paying your premiums online directly via the LIC portal simplifies the entire process. This platform is designed for registered and unregistered users to conveniently manage their insurance plans.
 

Start by visiting the LIC official website and navigating to the ‘Pay Premium Online’ section. Registered users can log in to their accounts using credentials like policy number and mobile details to access their policy information. Meanwhile, unregistered users can use the ‘Pay Direct’ option for a straightforward transaction.

Once on the payment page, enter your policy details for verification. Following successful confirmation, choose your preferred payment method such as net banking, UPI, or debit/credit card. You can even generate a QR code to pay via any supported UPI app. After completing the transaction, a receipt will be shared for documentation.
 

Using the LIC portal ensures your payments are processed instantly, minimising any risks of policy lapse while offering enhanced convenience.

What is the online LIC premium payment process for registered users?

Registered users can easily manage their policies through the online LIC portal by paying premiums without any hassles. This process is designed to be secure and time-efficient.
 

To begin the LIC premium payment, log in to the LIC customer portal using your credentials, such as registered email ID or phone number and a password. Once logged in, head to the ‘Pay Premium’ section on the dashboard. Enter your policy number and select the payment method of your choice such as net banking, UPI, or debit/credit card. Verify the details and complete the payment by authorising the transaction.
 

With this method, you ensure that your policy stays active, and the details are updated instantly, providing peace of mind and ease of management.

How to make LIC premium payment without login (pay direct)

If you don’t want to create an account or remember passwords, you can still make LIC online payment easily using the Pay Direct option. It’s quick, simple, and perfect for one-time payments. Here’s how you can pay LIC premium online without logging in:
 

• Visit the official LIC premium payment page and select Pay Direct (No Login)
• Choose the type of premium you want to pay — renewal, loan repayment, or other dues
• Enter your policy number, date of birth, instalment premium amount, and mobile number
• Confirm the policy details displayed on the screen before proceeding
• Select your preferred payment mode such as UPI, debit card, credit card, or net banking
• Complete the LIC online payment and download the receipt for your records
   

Using Pay Direct helps you pay LIC premium online instantly, even if you are not a registered portal user.

How to pay LIC premium online without login through WhatsApp?

LIC premium payment online has been made more accessible with WhatsApp support, enabling policyholders to pay without logging in to the portal. This user-friendly method suits those who want quick resolutions without navigating multiple websites.

To initiate, save LIC’s official WhatsApp number on your registered mobile. Send a simple ‘Hi’ to start the conversation. The LIC chatbot will guide you through the process with clear and concise steps. Follow the prompts to verify your policy details for LIC premium payment. Then, choose a preferred payment method, confirm the premium amount, and authorise the transaction.

Steps to pay LIC premium online using WhatsApp:

• Save LIC’s official WhatsApp number on your contact list.
• Send ‘Hi’ on WhatsApp to initiate the conversation.
• Provide your policy number and other credentials as requested.
• Select your payment mode: net banking, UPI, debit, or credit card.
• Verify and authorise the payment to successfully pay your LIC premium online.

This innovative approach makes LIC online payment effortless, fast, and secure.
 

Documents required for LIC premium payment online on different platforms

Online payment of LIC premiums is seamless once you have the necessary documents ready. Whether you are a registered or unregistered user, this process is straightforward.

• LIC Customer Portal (Registered Users):

To make LIC premium payments online through the customer portal, you need the policy number, date of birth, and registered mobile number for login. Once logged in, navigate to the payment section, enter your policy amount, and proceed with the secure payment options such as net banking, UPI, or cards.

• LIC Pay Direct (Unregistered Users):

Unregistered users can conveniently pay their LIC premiums via the Pay Direct feature. Keep your policy number, premium details, and an active email ID handy. Visit the LIC portal's Pay Direct section, enter the details, and select your desired mode of payment to complete the transaction securely.

• WhatsApp Payment:

Using WhatsApp for LIC premium payment is a recent and innovative feature. Ensure you have your policy number and registered number linked with WhatsApp. Initiate the process by sending a 'Hi' to the LIC’s official WhatsApp chatbot number and follow the step-by-step instructions for quick and secure payments.

• Payment via Bajaj Finserv:

To pay LIC premiums through Bajaj Finserv, you need the policy number and premium details. Visit Bajaj Finserv’s website or app, choose LIC as the insurer, and enter the policy details. After verifying the information, use any of the available online payment methods to complete the process efficiently.

How to pay LIC premium online using various payment modes?

In today’s digital age, managing your LIC premium payment is easier than ever. By opting for options like net banking, UPI, or credit/debit cards, you can effectively manage your policies and save time.

• Net Banking:

Net banking is one of the most secure methods for LIC premium payment online. Policyholders can log in to their registered bank accounts and select LIC as the biller under the insurance category. After entering the policy details, the premium amount is displayed. Confirm the transaction, and a successful completion email or SMS will be sent. This method is reliable and ensures quick updates to your policy records.

• Debit/Credit Cards:

Using your debit or credit card for LIC online payment is another ideal route. Simply visit the LIC portal, click on the premium payment option, and provide your policy number and registered mobile number. Choose the card payment option, enter the required details, authorise the transaction, and complete the payment. This method is particularly convenient and supports various banks and card networks.

• UPI (Unified Payments Interface):

UPI offers an instant and hassle-free option for LIC premium online payment. Open your preferred UPI app, scan the QR code generated through the LIC portal, or enter the VPA (Virtual Payment Address). Once verified, proceed with the payment securely using a UPI PIN.

• QR Code:

Paying LIC premiums by scanning the QR code is quick and effective. Simply generate the QR code on the LIC website or app, open your preferred payment app, and scan the code. After confirming the displayed details, simply authorise the payment to complete the transaction swiftly.

How to make LIC premium payment offline?
 

Prefer paying in person instead of online? LIC also offers convenient offline options for premium payments. You can choose any method that suits your comfort and location.

• Visit the nearest LIC branch and pay directly at the cash counter.
• Make payments through authorised LIC collection centres and franchise outlets.
• Use LIC’s approved bank branches that accept premium payments over the counter.
• Pay via cash, cheque, demand draft, or banker’s cheque as allowed at the location.
• Keep the premium payment receipt safely as proof of payment.
• You can also get assistance from LIC agents for reminders and collection support.

These offline methods are helpful if you are not comfortable with LIC online payment or prefer face-to-face assistance while paying your premiums.
 

Renew other life insurance premiums

Bajaj Finserv also allows you to renew insurance premiums for other insurers, offering pension, endowment, ULIP, and term insurance plans, such as:
 

Conclusion:

Paying your LIC premium online is now a hassle-free process. With convenient options such as LIC’s portal, WhatsApp, and reliable methods like UPI, net banking, and credit or debit cards, managing your policy has become simpler than ever. Whether you are looking for a direct payment option or wish to explore multiple platforms, these methods ensure your premium payments are processed smoothly. Simplify your financial commitments and ensure timely payments by opting to pay your LIC premium online. Make the switch today!