HomeHow ToHow to Make LIC Online Payment : A Step-by-Step Guide

How to Make LIC Online Payment : A Step-by-Step Guide

In today’s digital age, conducting financial transactions online has become a common practice, and life insurance payments are no exception. The Life Insurance Corporation of India (LIC) is the country’s largest life insurance provider, and they have embraced online payment methods to offer their customers greater convenience and ease. This comprehensive guide will walk you through the step-by-step process of making LIC online payments, covering the benefits, preparation, different payment methods, and the actual steps involved. Embrace the power of technology to streamline your insurance premium payments and ensure a secure and hassle-free experience.

Benefits of Making LIC Online Payments

  1. Convenience and Time-Saving Advantages: Making LIC online payments eliminates the need to visit physical branches or wait in long queues. With just a few clicks, you can pay your premiums from the comfort of your home or office, saving valuable time and effort. Additionally, online payments are available 24/7, allowing you to pay at your convenience, even during holidays or non-working hours.
  2. Secure and Reliable Transactions: LIC employs advanced encryption and security measures to safeguard your payment details, ensuring that your transactions are secure and protected from potential cyber threats. With secure payment gateways and stringent data protection protocols, you can have peace of mind knowing that your financial information is in safe hands.
  3. Access to Multiple Payment Options: LIC offers a wide range of payment methods, including credit/debit cards, net banking, and mobile wallets. This diverse selection allows you to choose the payment option that suits your preferences and offers the most convenience for you.
  4. Instant Payment Receipt and Confirmation: Once the online payment is successfully processed, you receive an instant payment receipt and confirmation via email or SMS. This receipt serves as proof of payment and can be used for any future references or claim settlements.

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Preparing for Online Payment

  1. Creating an LIC Online Account: To make LIC online payments, you must first register on the official LIC website. Provide the required personal details and policy information during the registration process. Once your account is created, you can log in to access your policy details and proceed with premium payments.
  2. Linking Policies to Your Online Account: After creating an online account, link your LIC policies to it. You can add policies through the website or mobile app by entering relevant policy details. Verify the accuracy of the information to ensure a smooth payment process.

Different Methods of LIC Online Payment

There are a number of methods available for payment of LIC online. You may choose one method out of different methods mentioned below as per your convenient.

  1. Credit/Debit Card Payment:
    • Adding Cards to Your LIC Account: Link your credit/debit cards to your LIC account by providing the card details securely.
    • Step-by-Step Process for Making Payments Using Cards: Select the policy, choose the card as the payment method, enter the card details, and complete the payment with authentication.
  2. Net Banking Payment:
    • Enabling Net Banking for LIC Payments: Register your bank’s net banking service with your LIC account for seamless transactions.
    • Guide to Paying Through Net Banking: Select the policy, opt for net banking as the payment mode, choose your bank, and follow the bank’s authentication process to complete the payment.
  3. Mobile Wallet Payment:
    • Setting Up Mobile Wallets for LIC Transactions: Download and set up mobile wallets on your smartphone, linking them to your LIC account if required.
    • Step-by-Step Process for Using Mobile Wallets to Pay LIC Premiums: Select the policy, choose the mobile wallet as the payment method, authenticate the payment, and receive confirmation.

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How to Make LIC Online Payment?

Steps to make LIC Online Payment are given below:

  1. Logging into Your LIC Account: Visit the official LIC website and log in using your credentials created during the registration process. If you are using the mobile app, log in through the app using your account details.
  2. Selecting the Policy and Premium to Be Paid: Once logged in, navigate to the “Premium Payments” or “Pay Premium Online” section. Select the policy for which you want to make the payment and choose the relevant premium.
  3. Choosing the Preferred Payment Method: From the available payment options (credit/debit card, net banking, mobile wallet), select the one that suits you best and proceed to make the payment.
  4. Entering Payment Details and Authentication: Enter the necessary payment details, such as card number and CVV, net banking credentials, or mobile wallet PIN. Follow the authentication process provided by your chosen payment method.
  5. Confirming the Payment and Receiving the Receipt: After successfully completing the payment, you will receive an instant payment receipt and confirmation. This receipt can be saved or printed for future reference.

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Making LIC online payments is a convenient and secure way to pay your life insurance premiums. The benefits of online payments, such as time-saving advantages and multiple payment options, make it an attractive choice for policyholders. By preparing for online payment, linking policies to your account, and choosing from various payment methods, you can streamline the payment process. Embrace the ease and efficiency of LIC online payments to manage your insurance policies with convenience and confidence.


  1. Is it safe to make LIC online payments?

    Yes, LIC ensures secure online payment transactions with advanced encryption and data protection measures, making it safe for customers to make payments online.

  2. Can I make LIC online payments without registering on the LIC website?

    No, you need to register on the official LIC website to make online payments. Creating an account is essential for accessing policy details and making premium payments.

  3. Are there any additional charges for making LIC online payments?

    LIC does not charge any additional fees for making online premium payments. However, check with your payment provider or bank for any applicable transaction charges.

  4. What should I do if my LIC online payment fails?

    If your LIC online payment fails, ensure that you have entered the correct payment details and have sufficient funds. If the issue persists, contact LIC customer support for assistance.

  5. Can I pay premiums for multiple LIC policies in a single transaction?

    Yes, LIC allows you to pay premiums for multiple policies in a single transaction. Select the policies you want to pay for during the payment process.

  6. How do I get LIC online payment receipt after making an online payment?

    After successfully completing the online payment, LIC will provide an instant payment receipt. You can save or print this receipt for future reference.

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