If you want to buy the best LIC policy for a child, there are two plan options which you can consider. » Premium for ULIP policies can now be paid at any LIC Branch cash counter across the country. E-receipt is online, and is valid for IT purpose. Whether any other receipt will be issued to me? Valid, signed Premium receipt will be issued by the bank immediately at the counter. 24 X 7 anywhere & anytime access to internet. All inforce policies except ULIP, HELATH and E-TERM policies can be registered through Bill Pay. If standing instructions for premium payment are given to any of the bank, premium should not be paid through other modes to avoid double payment. Last premium before maturity under Qly & MLY mode cannot be paid online. The Surrender Value is only payable after full payment of premiums for at least 3 years. LIC Premium Points- Empowered LIC Agents, Retired LIC Employees, Chief Organizers, Life Plus Offices – Senior Business Associates & LIC Associates. In case you have not received the renewal premium receipt, you may collect the premium paid certificate from any of the nearest LIC branch/Customer Zone. The policy gets assigned to the lender till the loan is paid back in full by the borrower. LIC offers a range of life insurance policies which help in fulfilling the varied insurance needs of individuals. Single receipt will be issued if payment is made for more than one policy by the policy holder. Which agents/retired employees and chief organizers can collect the premium? It then displays the payment details according to the premium selected. What should be the course of action if the NACH mandate is rejected by customers’ bank? Whether the receipt issued by Cash Counter can be submitted by IT authorities? After grace period is over, the same cannot be accepted through online portal. How much time is taken for the registration? Lic Maturity Amount Calculator provides maturity amount based on Age of the policyholder, Policy term, Policy name, Sum Assured, etc. The payment gateway (PG) initiative is an important component of the offer. For installation of root certificate, you need to download the RCAI-Class3.p7b file and import the same as per e-receipt verification documentation (eReceipt_Verification_Help.pdf). No need to visit bank again & again, life insurance premium payment online at Paytm and save your time. By registering customers will be able to check their status online. You can now have many of the functionalities that were available only at a branch office, online at your fingertips. Premium can be paid through Paytm App by clicking on the LIC logo under the Insurance category. var $zoho=$zoho || {};$zoho.salesiq = $zoho.salesiq || {widgetcode:"f0ecc636061931819c062ca7c85664ea3ac01dff5f86c7c7d8849682c1af9ec5", values:{},ready:function(){}}; var d=document;s=d.createElement("script");s.type="text/javascript";s.id="zsiqscript";s.defer=true; s.src="https://salesiq.zoho.com/widget";t=d.getElementsByTagName("script")[0];t.parentNode.insertBefore(s,t);d.write("

You Will Get Cashback After Bill Cycle As Amazon Paybalnce. Valid, signed Premium receipt will be issued by the Collection Center immediately. Simultaneously successful/unsuccessful transaction message will be flashed. Yes, the receipt is valid, signed receipt. Deposit up to date premiums for the policy ( all the dues) and re-register for NACH by submitting fresh mandate to Servicing Branch. You can also choose to locate the nearest branch through the website, or walk into the policy servicing branch and meet with a representative to check your policy status. This functionality is available only to registered customers who have enrolled their policies. You no more have to commute to nearby LIC centre and stand in the long queue to get your LIC premium payment done. It provides for real-time payment of renewal premium-dues through the portal. You can pay the premium for Kanyadan Policy according to your convenience. Whether I can make the payment through cheque drawn on any other bank? Select the bank and click on the ‘submit’ button. Any Extra Amount is charged for this facility? Payment at Cash Counter; Payment Through Alternate Channels; Join Our Team . Once registered for Premiums payments thru this facility, you should avoid paying via other payment modes, because there are many instances where payment for the same due-month is received twice. Click the link below to know more. There can be multiple reasons for not being able to make payment online-. LIC Policy Premium Payment: While paying your policy premiums via digital modes, like net banking and mobile banking is always convenient and does not require one to visit LIC branches or authorised banks in physical capacity, it is important to be careful while using this feature. The premium is to be paid daily, in 6 months, 4 months, or … You have to add LIC as biller with the policy details and other requisite information. LIC India has provided an online portal that lets the new customer register for LIC policy. Premium payment through AXIS , CITY UNION and IDBI BANK. » There is no further registration involved at the service provider end. The app even provides various offers, rewards, cashback to its customers. Premium can be paid for all Inforce ordinary policies except for ULIP, Health and E-term policies. What are the benefits of paying your LIC premiums through PORTAL? After grace period is over, the same cannot be accepted through online portal. NO, NO EXTRA CHARGES WILL BE COLLECTED BY THE E-SEVA CENTRE. Single receipt will be issued if payment is made for more than one policy by the policy holder. How the Premium Paid Receipt will be issued? Regarding the second option in Customer services, View pay premium … Whether premium will be accepted at cash counter during Pendency of the mandate i.e., awaiting response from the destination bank ? How to register for premium payment through Bill Pay/ATM? Now the payments can be made using VISA/Master Credit Card (Domestic Only) with some convenience charges. Digital Signature not present on receipt. In case of offline, you have to visit the office. It will save time by not waiting in long queues for making the payment. LIC Branch where the amount was deposited by the AGENT/SBA has to take the dishonour action. For detailed documentation on how to verify the digital signature on the e-receipt. If the borrower is unable to pay the loan back, then the lender gets all the benefits that are accrued to the policy. FAQ of Alternate Channels; Payment at Cash Counter ; Payment Through Alternate Channels; Join Our Team . As and when amount received and accounted at LIC, the receipt will be dispatched/emailed to customer. Can I opt for NACH? A loan is a LIC policy is a loan that can be availed against the security of your LIC policy. Plan NAV; Locator . Whether any extra charges be collected by the agent? July’2016 E-receipt will be generated for all new registrations and it will be sent to registered mail-id. Here’s a simple step-by-step guide on how you can go about using this facility: Online Premium Calculator, generate an instant illustration for Premium. Premium can be paid for all in force non-sss policies. Enter Policy Details and Pay using NetBanking or Debit/Credit Cards. Best LIC Policy for Child. Bank/Service Provider inform the policy holder through SMS/mail/Message on their website. No other receipt is sent by post for online payments. What are the Payment modes available on PayTM app? Be a Corporate Agent; Be an Agent (Individual) Plan NAV . On successful transaction, a digitally signed e-receipt will be generated and e-mailed to you. From where I will get the refund, in case it happens to be a double payment. It has vast network of branches all over India where premium can be paid at cash counters. Whether it is valid for Income tax purpose? However, Axis Bank card holders are extended a facility by Axis Bank by absorbing convenience fee for their customers. In general, you would have to enter the policy number, the installment premium, email-id and any other information. It is essential that you have a net banking account with at least one of these banks. LIC India Official Portal LIC Policy Number 858 FAQ LIC Premium Online for LIC information: LIC is the largest insurance company in India. Browse Money Back Plans Now. Whether the receipt issued can be submitted by IT Authorities? Advertisement Regulations for All Marketing Officials, You can pay LIC premiums using Net Banking accounts with any of the following banks:-. LIC Online payment is the most popular method of paying the policy premium. Yes, it is possible. Premium can be paid only for In Force policies. You can choose the bank account you want to pay from. Standing instructions also can be given to the bank/service provider to debit the account on a specific date. If the account is debited and receipt is not generated, it may be due to session timed out or any other technical reason. Make premium payment for your enrolled policy using NetBanking or Debit/Credit Cards. As per the rules and regulations, the bonus also gets attached to it if the policy is participating one. A separate mandate form with new bank details is to be submitted to LIC Servicing Branch office. The refund process shall take 6 to 8 days. This can be printed or mailed to the email id you have specified during your Registration. Payment of premium is allowed from1 month prior to the due date till the policy is in force. 30 to 40 percent rejections are due to signature mismatch. Whether all policies can be registered through Bill Pay? You may have to give the bank account details and other requisite details as required by the service provider. My account has been debited but I have not received Premium Payment Receipt from LIC. For LIC payments no extra amount will be charged by the banks or the service providers. How does LIC acknowledge the registered policy details? You have a choice to select the policies for which you want to pay premium. This is an easy way to pay your insurance premiums conveniently without any hassle. You can make premium payment within the comforts of your home or office, and avoid personal visit to LIC branch. LIC policy premium payment made easy with Phonepe app. Premium will be debited Only after mandate is successfully validated by customers’ bank and the response is posted in NACH master at the NACH center of the zone. LIC Children Money Back Plan Please verify your balance (displayed) and confirm the transaction to the bank. You can pay LIC premium online through Debit Card, credit card and net banking. The main benefit of having the LIC Policy is that the individuals can avail of the benefit of tax deduction. Check LIC policy Payment status online for new user. Plan NAV; Locator . We request you to kindly go “View Transaction Status” bar of “Pay Direct” option under “Pay Premium Online” option through which premium was paid by you. A flat fee for Debit Card and Net Banking transactions is absorbed by LIC. What are the charges for the payment through BILL PRESENTMENT? As and when premium becomes payable under the registered policy, LIC sends the bills to the bank/service provider, and the information will be displayed by the bank/service provider in your net-banking account page. You can avail the free service from LIC, as you don’t have to pay any charges to LIC or its authorized agencies for this additional benefit. No Minimum Payment Required And No Maximum Cashback. After submission of data to the bank / service provider the same is received by PCMC within 3-4 days for which confirmation / rejection is conveyed. Premium payment through LIC website: lic online Payment. Maximum collection can be done up to a certain pre-decided limit after which the amount collected is to be invariably deposited in the Axis bank(cash only) or the selected LIC Branch or cash invoice may be deposited online on LIC portal using Net Banking Account. If you have taken any RIDER along with your policy, then payment has to be made within the grace period only. The process of sending e receipt with digital signature is discontinued w. e. f. November 2014. Kindly use the options “Forgot user-id” and “Forgot Password” available on LIC website. Some of the service provider’s/bank’s web-sites have a demo page showing the process of adding the billers. "RFP floated by Government of India for engagement of Actuarial Firm for LICI IPO", "Dear Policyholder, Please submit Bank Account Details ( NEFT ) to LIC - Click here to Download NEFT Form", "PLEASE REGISTER IN CUSTOMER PORTAL FOR AVAILING ONLINE SERVICES". Enter Policy Details and Pay using NetBanking or Debit/Credit Cards. How to add the policy details at the authorised bank/service provider’s web-site? Policy schedule First page of policy bond which constitutes policy schedule, will be displayed. No other receipt will be issued by LIC and sent by post. In case Unpaid Premium is not updated, transaction for the due will be created and distributed to the servicing branch which is to be refunded / adjusted by the servicing branch. No, presently payment can be made only by cash. This software made our lives very easy for making tension-free payments from wherever we are. SMS is sent to customer for acceptance as well as rejection of mandate. This convenience fee is not collected by LIC, but is paid to the card network. You can choose the bank account you want to pay from. Subsequent premiums will be collected thru, Yes, it is possible. This facility is available to all new policies as well as existing policies including ULIP policies. 5% extra premium charged for MLY policies is also waived for MLY NACH mode policies. SMS is being sent to Agent for rejection of mandate on the Mobile number registered in agency attached Branch. Click Confirm and Proceed to buy the premium by paying the amount through online. Policyholders can choose to pay their premiums through LIC’s official website, via Credit/Debit Card or Net Banking. 24 Feb. How to pay LIC premium online? In case of any change in email id please get the same updated at LIC Branch Office/Customer Zone. Pros and cons of loan on LIC policy. How to Check the LIC Policy Surrender Value? How to Pay LIC Premium Payment Online with Paytm? Which Banks having the facility of paying the premium through ATM ? To download LIC premium receipt on Paytm App, policyholder is requested to visit  “My order” section on Paytm app, select the order and click on “Download Receipt”. Credit cards allowed are VISA, Master and Amex. You can avail the free service from LIC, as you don’t have to pay any charges to LIC or its authorized agencies for this additional benefit. There is also an LIC app which allows you to know all your policy details, bill payment dates and your policy status all at one place. Step 11 : Fill all the details and click on the ‘Make Payment’ button, your payment will be processed. After the cash payment for due LIC premium, a common mode of payment is LIC premium through Cheque. PayTm Wallet, UPI, Debit Card, Credit Card and Net banking. No extra amount is charged for this facility. Customers have to fill an online form and provide document proofs to the portal. For payment through Debit Card, Net-Banking, UPI and wallets Nothing is charged to customer. The Payment and updation of master happen in real time. No, payment can be made only by Cheque drawn on that Bank. LIC Policy premium can be deposited either in online or offline mode. Duplicate payment made through Bill Pay will be refunded to our service provider to be credited back to Policyholder’s account. It will save time by not waiting in long queues for making the payment. Whether intimation about mandate acceptance/rejection is given to Agent? The policies are as follows – 1. In case of an unsuccessful transaction you will be informed and the reason thereof. But Policy Holder should have account of, Which Banks having the facility of paying the premium through, Receipt will be posted to the address mentioned in the policy records after two or three days of accounting by LIC in case of, Payment can be made in any bank branch or extension counter throughout the country by cash or. You need to provide these details in the Lic Maturity Value Calculator along with Name, Mobile number, Email ID to calculate the maturity value in an easy way. Relevant letter is emailed to the customer for rejection of mandate wherever email-id is available and printed letter is sent to the customers where no valid email address is captured. Payment of Premium by Cheque/Demand Draft, 5th Floor, Govardhan Building, MLY and Salary Saving Scheme (SSS) mode policies are not accepted through this payment mode. The policyholders are required to submit the LIC premium payment receipt as proof of investment for income tax deduction purposes. The platform has one of the simplest interfaces where the payments you receive or send through Google Pay is directly transferred into the bank accounts. Receipt will be posted to the address mentioned in the policy records after two or three days of accounting by LIC in case of old registrations only. It is trusted by all policyholders as it is controlled by the government of India. What are the different reasons of Mandate rejections? Letters are printed at NACH Centers . Registered Users/ Agents/ Development Officers/Branch login here for the Portal Services : 2. Also on ALL POSSIBLE digital modes through LIC website without any service charges. LIC launched many online services for convinces of the policyholder. Once you have enrolled your policy(s), you can click on the link ‘Pay Premium Online’ to see a list of policies whose premium is due. Whether I can make the payment through cheque? It is decided by the MKTG Dept, Central Office. Bank account number should be written from Left most box of the account number field without adding any extra zeros at the end. Premium Payment . Forgot User-Id and Password / Changes in online portal profile. » Premium can be paid at the cash counter of any LIC Branch Office. You will receive a payment receipt in th registered e-mail ID and yes! Note: The aspirant can also purchase the premium offline by contacting the LIC Policy Agent. I have bank account in Mumbai, but my policy is being serviced by Delhi Branch. Nehru Place,New Delhi-110034, Email Us: info@licind.co.in                          Sales@licind.co.in. LIC Online Premium Payment. What is to be done in case of Mandate Failure? If Bank account is changed then what is the procedure? Receipt can be obtained by giving policy number and transaction date. This facility is available for all non-ULIP policies. Payment made, Account debited but e-receipt not received. There are two ways through which we can get the LIC policy receipt-offline and online. You can also view your premium dues and other policy details. Premium can be paid 30 days before the due date to till the policy is in force. Premium can be paid for all Inforce ordinary policies except for ULIP, Health and E-term policies. However, by using the online medium you will get the receipt of the payment instantly to your registered email id. » There is no time lag from the date of payment to obtaining receipts. However, in a recent development LIC of India has issued a new circular on 28/09/2018. For further help regarding login issues and any changes in online portal profile, you may mail at portalsupport@licindia.com. Total time taken for registration may extend up to 10 days. What is the criterion to get the authorization? In case of LIC ‘Revival’ is required when a policy gets lapsed if the premium is not paid within the grace period (minimum 1 month if mode of payment is Yearly/Half-yearly/Qly and 15days if the mode is monthly). Through online payment, you can pay your premium anytime and anywhere on a timely basis. Duplicate payment is being refunded to our service provider to be credited back to your account. Debit cards allowed are VISA, Master and Rupay. Yes, premium can be paid at cash counter in Cash or Cheque during the pendency of the mandate. Otherwise, they can approach LIC agents for paying premiums. NO EXTRA CHARGES WILL BE COLLECTED BY THE BANK. Duplicate receipts cannot be printed in any case. What is an e-receipt? What are the charges to be paid for availing this facility? Convenience fee is levied to customer for all transactions made through Credit Cards (VISA/Master/Rupay Card).Slabs for which are available on the portal and can be seen while making payment. You can pay LIC premiums using Net Banking accounts with any of the following banks:- This facility is available for all non-ULIP policies. As and when amount received and accounted at LIC, the receipt will be dispatched/emailed to customer. TDS would be deducted @ 5% only if the maturity benefit payable under the plan is more than INR 1 lakh. Signed, valid premium receipt will be issued immediately. Grace period is 30 days in case of YLY, HLY and QLY mode, whereas it is 15 days in case of ECS/NACH monthly mode.

"); © 2021 LIC INDIA - Designed by Decent Themes, SMS is sent to customer for acceptance as well as rejection of mandate. However, you can even pay your LIC Premium through Google Pay app with zero payment charges. Premium has to be the basic premium (without any taxes) that is mentioned on the policy document. Quick Links . However, if the date of payment is prior to at least a week, kindly send the bank details where debit of premium is reflected and send a mail with bank statement to bo_eps1@licindia.com. Both these policies are offered by LIC and they offer some of the best coverage benefits. The login id at both the sites (LIC and Bank) is known only to you. Premium can be paid 30 days before the due date to till the policy is in force. In such case, kindly contact nearest LIC branch for revival of policy. » And above all there is no charge for you to avail this service. Also, If receipts for both the transactions have been received by customer, then the excess payment made through Bill desk/Online portal will be refunded by servicing branch of LIC through NEFT. As per the new circular, a policyholder now has to mention his/her policy number on the cheque. On successful login, the total amount to be paid by you towards LIC will be displayed. You can make premium payment within the comforts of your home or office, and avoid personal visit to LIC branch. Which policies are eligible for payment of premiums thru this facility? Now they can make everything through the online within few clicks. Last premium before maturity under, However, if the date of payment is prior to at least a week, kindly send the bank details where debit of premium is reflected and send a mail with bank statement to, Double payment is made while making payment through online portal, Duplicate payment is being refunded to our service provider to be credited back to your account. Can a Single mandate be used for multiple policies? Normally a customer only writes “LIC of India” or “Life insurance Corporation of India” on the cheque. Pay Premiums without Login using Policy Details Remember, you may enrol policies of which you are either the Proposer or Life Assured. 7th, 15th, 22nd and 28th of the month. Loan interest cannot be paid under VPBY and PMVVY plan policies. The Payment and. Money back policy is a traditional policy gives you life protection along with savings, this plan provides you periodic payments during the policy tenure. Follow the below steps to register and check the status online. As the payment is received by LIC through the Bank or the service provider, same may not be received on the same day of payment by the policy holder, hence there is short time-lag between the date of debit in your bank account and the date when the policy reflects the updated status. If you have taken any RIDER along with your policy, then payment has to be made within the grace period only. Relevant letter is emailed to the customer for rejection of mandate wherever email-id is available and printed letter is sent to the customers where no valid email address is captured. Whether any extra charges be collected by the bank? Among the various LIC plans issued by the company, there are some plans which are the best-selling plans as they have the most comprehensive coverage benefits. Tag - LIC policy online payment. Using the login & password provided by the bank/service provider, you can log on to your account page at the bank/service provider’s website. To make LIC online payment through Paytm, you just need to follow a few short steps and you will be done with the LIC payment. Other than … Who authorized by MKTG, Central Office can collect the premium. Premium for E-term policies cannot be collected. Then the following page appears, you need to mark the options and click submit to process your payment. After online premium payments an electronic payment receipt will be generated to your mail – Id in 3 days. When will the Premium be debited from customers’ account? No, separate mandate is to be used for each policy. Whom to contact for getting authorization to collect the premium? Be a Corporate Agent; Be an Agent (Individual) Plan NAV . Sitting at home or office, on the weekends, Government holidays or lockdowns, no need to worry about making life insurance payment. (Where payment is made through DIRECT PAY). Customer will not be charged for availing this payment facility. You can also view your premium dues and other policy details. What are the important points to be noted for availing this payment facility? The System is free for the customers. 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