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. Then the following page appears, you need to mark the options and click submit to process your payment. Amount can be paid through net banking/credit card/debit card or any mode through which the payment is registered by you. In case of offline, you have to visit the office. The System is free for the customers. On being approached, the service provider obtains a written mandate from you, authorizing him to realize the billed amount directly from your bank account. You can pay the premium for Kanyadan Policy according to your convenience. E-receipt is online, and is valid for IT purpose. After grace period is over, the same cannot be accepted through online portal. Whether any extra charges be collected by the bank? Premium payment through LIC website: lic online Payment. Now the payments can be made using VISA/Master Credit Card (Domestic Only) with some convenience charges. July’2016 E-receipt will be generated for all new registrations and it will be sent to registered mail-id. Premium has to be the basic premium (without any taxes) that is mentioned on the policy document. It saves time moreover money for the policyholders. The bank/service provider sends these details to LIC for validation & confirmation of the registration data at pre-determined intervals. Total time taken for registration may extend up to 10 days. Which agents/retired employees and chief organizers can collect the premium? No, presently payment can be made only by cash. As and when amount received and accounted at LIC, the receipt will be dispatched/emailed to customer. Credit cards allowed are VISA, Master and Amex. The policyholders are required to submit the LIC premium payment receipt as proof of investment for income tax deduction purposes. Whether the receipt issued can be submitted by IT Authorities? Quick Links . Remember, you may enrol policies of which you are either the Proposer or Life Assured. In general, you would have to enter the policy number, the installment premium, email-id and any other information. You Can Pay Your LIC Premium Via Amazon Pay Balance Also. All inforce policies except ULIP, HELATH and E-TERM policies can be registered through Bill Pay. It is the value or the amount paid to the policyholder on discontinuation of policy and collects it from LIC. 24 Feb. How to pay LIC premium online? I have bank account in Mumbai, but my policy is being serviced by Delhi Branch. It is essential that you have a net banking account with at least one of these banks. Which Banks having the facility of paying the premium through ATM ? On successful login, the total amount to be paid by you towards LIC will be displayed. You can also view your premium dues and other policy details. Tag - LIC policy online payment. » And above all there is no charge for you to avail this service. Now they can make everything through the online within few clicks. After grace period is over, the same cannot be accepted through online portal. 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. The Payment and. 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. 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). Debit cards allowed are VISA, Master and Rupay. 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. Kindly use the options “Forgot user-id” and “Forgot Password” available on LIC website. FAQ of Alternate Channels; Payment at Cash Counter ; Payment Through Alternate Channels; Join Our Team . What is to be done in case of Mandate Failure? Enter Policy Details and Pay using NetBanking or Debit/Credit Cards. 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. LIC launched many online services for convinces of the policyholder. 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. Money back policy is a traditional policy gives you life protection along with savings, this plan provides you periodic payments during the policy tenure. Regarding the second option in Customer services, View pay premium … Services moreover feature provided by the LIC Company are much complimented. If you have taken any RIDER along with your policy, then payment has to be made within the grace period only. My account has been debited but I have not received Premium Payment Receipt from LIC. Customer will not be charged for availing this payment facility. What is the criterion to get the authorization? 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. Receipt can be obtained by giving policy number and transaction date. How the Premium can be paid via PayTM App? A separate mandate form with new bank details is to be submitted to LIC Servicing Branch office. Payment can be made in any bank branch or extension counter throughout the country by cash or cheque drawn on that Bank. Premium payment through AXIS , CITY UNION and IDBI BANK. 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. Please verify your balance (displayed) and confirm the transaction to the bank. In case of any change in email id please get the same updated at LIC Branch Office/Customer Zone. 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. As and when amount received and accounted at LIC, the receipt will be dispatched/emailed to customer. 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). (Where payment is made through DIRECT PAY). 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. You can make premium payment within the comforts of your home or office, and avoid personal visit to LIC branch. Basic Safety measures to fight against Coronavirus Disease(COVID-19), Intimation to policyholders regarding changes in tax structure due to implementation of Goods and ServicesTax (GST) - Click Here, Beware of Spurious Phone Call and Fictitious/Fraudulent Offers, " FRAUDULENT RECRUITMENT ADs: BEWARE...! 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