Is there any charge for paying LIC premium through credit card?

Payments through Credit Cards are subject to a “Convenience fee”. The “Convenience Fee” applicable is entirely borne by LIC. There are no charges for payment through Debit-card, Net-banking, Wallet and UPI. How can the LIC policy Premium be paid through Apps?

Is there any charges for LIC premium online?

there is no service charge or extra fee that is levied for the usage of this service. If making payment via any of the government owned collection centres, premium can be paid only in that particular state. For late premium payments, a late fee at the rate of 8% (minimum of Rs. 5) will be levied.

Is LIC premium service chargeable?

LIC’s e-services are completely free of cost.

What is the best way to pay LIC premium online?

You can do so by either visiting the LIC website or by downloading LIC India’s app. To pay premiums through the insurer’s website, visit and click on ‘Pay Premium online’ from the ‘Online Services portal’. Here you will get two options: a) Pay Direct (Without login) and b) Through customer portal.

Can I pay LIC premium through credit card without charges?

LIC policy premium payment: Now, pay through credit cards at no extra charges. To promote digital transactions, Life Insurance Corporation or LIC has waived off the convenience fee on all payments, including payment through credit cards, to the national insurer, effective December 1.

Can I pay LIC premium before due date?

You, as a policyholder of LIC, can successfully make premium payment at any of the bank branches of Axis and Corporation Bank. This premium payment can only be done 30 days before the due date for regular life insurance policies. For term insurance policies, the grace period is 15 days before the due date.

Can I pay LIC premium through debit card?

Now you can pay your LIC premiums online through the debit card option. As opposed to the traditional method of paying premiums offline, LIC has established an online portal through which individuals can pay their premiums either through a debit card or a credit card. …

Can I pay LIC premium online before due date?

You can make the advance premium payment only 30 days before the due date of your active policy. For some term plans, the advance premium payment can be accepted 15 days in advance (before the due date).

How can I check my LIC installment premium without tax?

How to Check the LIC Premium without the Tax?

  1. Premium Payment Receipt: Customers can check the LIC premium amount without tax through premium payment receipt.
  2. Status Report: On the status report of the insurance plan, the premium amount excluding the tax is mentioned.

Can I pay LIC premium online after due date?

The option is available in CUSTOMER PORTAL under Online Payments Tab. Policyholder can also pay it by using PAY DIRECT option after keying in relevant information like Policy number, Insurance Premium, Date of Birth, Mobile number and Email id.

What is the frequency of a premium payment?

The frequency or period of your payments depends on your mode of premium. Most insurance providers offer several modes of premium, the most common of which come annually, semi-annually, quarterly, or monthly.

Can I pay LIC interest online?

Go to the website of LIC of India. From there select ‘Through customer portal’ or ‘Pay direct’.

  • These options will ask to give the credentials and details of your policy from LIC.
  • you will be asked to give the number of your policy and the payable premium amount.
  • What is LIC premium?

    Lic premium means money payable to lic is also called instalment…There different modes of instalment…monthly, quarterly, half yearly, yearly… The basic amount you opt to secure your life is called S.A…that is sum assured, which is in lakhs.. For more details contact or WhatsApp 9870518057 ..without delay..

    What are LIC policies?

    Lic Policy or Insurance provides the financial security to you and your family against any unfortunate events. Here, we provide Lic policies of all types such as Whole life Insurance plans, Term Insurance plans, Endowment plans, Children plans, Pension plans, Money back plans and Health Insurance Plans.

    What is the LIC official website?

    Life Insurance Corporation of India is frequently known as LIC. It is well known India State Owned Insurance group and Investment Company. The official website of Life Insurance Corporation of India is