LIC Premium Payment Online: Pay policy premiums through net-banking or phone-banking; here is why

LIC Premium Payment Online: If you are a policy-holder with the Life Insurance Corporation of India (LIC) or are planning to buy a new policy and want to avoid visiting the LIC branch office to complete formalities or make payments, doing it online is an easy option and there are many benefits attached to it too.

Among the benefits of making LIC Premium Payment Online is the fact that the process of making payments through internet banking or phone banking is hassle-free. You can authorize payments 24 hrs a day, 7 days a week.

You can do that within the comfort of your home and office and thereby avoid paying a personal visit to the LIC branch, which will lead to wastage of time and money.

Also, you can avail of the free service from LIC, as you don’t have to pay any charges to LIC or its authorized agencies for this additional benefit. You can do it from the bank account you want to pay from, any or all of your bank accounts can be registered with the service provider.

You can decide in advance the date on which you want your account to be debited and you can also choose to modify your instructions during the intervening time.

You will get reminders and alerts by email from the banks and service providers about the premium dues. This will help you in the timely payments of your investments and save you the cost of postage/courier in sending the remittances to the LIC.

You can also view your premium dues and other policy details and which policies are eligible for payment of premiums through this facility.

Which organisations are authorized to collect LIC premiums through their net-banking/phone-banking facility?

See Zee Business Live TV Streaming Below: Authorised Banks:

Authorised Banks:

HDFC Bank, ICICI Bank, Bank of Punjab, UTI Bank, Federal Bank, Corporation Bank, and Citibank.