Pay LIC Premium via GPay, Paytm & PhonePe; Check Step-by-Step Guide Here

Online premium payments from the Life Insurance Corporation of India (LIC) make life easier for those who would otherwise lead busy lives. Consider using UPI apps or LIC portals to pay the premium online.

LIC launched the Online Payment Gateway as a strategy to give users online functionality. An essential part of the effort is the payment gateway (PG), which enables real-time payment of renewal premium obligations through the portal. Customers who have registered and enrolled in their policies are eligible to use this functionality.

Here’s a step-by-step guide on how to use this facility:

Step 1: Visit the official website in step one.

Step 2: To view a list of policies for which a premium is due, click the link labeled "Pay Premium Online."

Step 3: The user can choose which plans they want to pay premiums on.

Step 4: The user is then taken to a website where he or she can select from a number of banks for payment and log in to the chosen bank.

Step 5: Use your net banking username and password to log in at the bank's website

Step 6: Finish the payment after logging in successfully.

Step 7: Following the completion of the transaction, a digitally signed e-receipt and email will be generated.

Here’s a step-by-step guide on how to use the online payment of LIC premiums through GPay, Paytm, PhonePe, and UPI:

Step 1: Open the Google Pay app first.

Step 2: Select "Pay bills."

Step 3: Downward-scrolling and choosing "View all"

Step 4: Select "Insurance."

Step 5: Scroll down and select "LIC"

Step 6: Link your account and provide your policy number and email address.

Step 7: Tap "Proceed to Pay" to complete the transaction.

Step 8: Pick a bank, enter your UPI ID, and finish making your payment.

Similar procedures can be used to pay the premium on other apps online.