LIC Premium Payment Online – LIC Online Payment


LIC Premium Payment (प्रीमियम भुगतान) can be done both ways either Online or Offline, Because of the Internet facility in India the LIC Premium Online Payment is easy and available with Auto Debit Facility.

What I mean to say is that I have an IDBI Bank account and the same day I started my LIC Endowment Policy of 18k per year Premium; the bank employee linked my account with the policy and now every year on the 30th of August my LIC Premium get auto debited and I just make sure the sufficient amount is there in the bank account.

Warning: Based on my Personal Experience, if your LIC Policy is linked with your Bank account and if you do not have sufficient balance for auto-debit then you might get a penalty of Rs.500 for payment default. So to avoid this penalty make sure you maintain a sufficient amount of balance for the period of auto debit.

Quick Way for LIC Online Payment : प्रीमियम भुगतान

The Instant 4-step guide to pay LIC Premium Payment Online using Amazon Pay is given below. Just follow the procedure and your Premium will reflect within 3 working days.

Step 1: First Visit the LIC Premium Payment Section using this Link – Click Here (Amazon Pay)

Step 2: Then Select your Insurer as LIC to proceed.

First Select your Insurer as LIC from the menu

Step 3: Enter your LIC Policy Number, Email id for Recipt, and Date of birth matching with LIC policy, and click on Fetch Premium Button.

Then Enter your Policy Number, your Email, and Dob

Step 4: It will show your Premium pending just click on the Pay Now button – Select your Bank or Credit Card and Pay the Premium. (If you have a cashback amount you can also use it for payment.)

Mods of LIC Premium Payment:

Introducing the useful Mode of Paying the LIC Premium before your due date. I especially prefer the Auto Debit because it forces me to pay the premium and continue my policy.

  1. Offline Mode:– Pay LIC Premium using “LIC Cash Counters“, “DD/Cheque Payment
  2. Online Mode:- Pay LIC Premium using “Net Banking“, “UPI Apps“, “NACH/Autodebt”
Pay LIC Premium with more than 20 Payment modes
Credit – @LICIndia

How to Pay LIC Premium Online?

Online Payment mode is the fastest way to pay your LIC Premium, with this method you can avoid penalties and stop your policy by missing out on any payment.

LIC Premium Payment using NACH – Auto Debt Mode:

NACH is a bank facility governed by RBI and comes under NPCI electronics payment in this your LIC Premium is auto-debited from the account you have linked your policy. These Premium debits can be monthly scheduled, quarterly, or yearly scheduled.

For monthly schedules, there are two things you must keep in mind.

  1. Premium Auto Debit Debit dates allowed are the 7th, 15th, 22nd, and 28th of the month. you can choose any while implementing this Auto debit feature.
  2. If you choose the Monthly scheduled date you will have to pay an extra 5% payment charge. In My policy case, I am using Yearly debit as I said earlier.

Other Conditions for NACH Auto Debit LIC Premium:

  • NACH Facility can be availed at the time you buy the policy or when the policy is completed.
  • NACH Feature is not allowed for E-Term policies.
  • You can opt out from this Auto-debit feature but you must give the application to the bank 30 days before the next payment date.
  • No Other Mode of Payment will be considered if NACH is active till your Premium for the current month fails due to any reason.
  • If your LIC Premium Payment Failed via NACH due to low balance no further payment will be done by Auto Debit till you pay the Failed Payment.

LIC Agent Commission Rates

Any general LIC Policy an Agent sells gives 25% of the commission in general and along with this he also gets a Policy bonus of 40% on the Commission if that policy Premium Term is greater than 15 Years.

“For eg. A 15 years policy premium worth Rs.10,000 for the first year will give the agent Rs.2500 and a Bonus worth Rs.1000 for the First Year”

LIC Premium Payment Online Using App:

You can Pay LIC Premium Online using any App such as Paytm, PhonePe, Amazon Pay, etc. use the following guide based on Amazon Pay and LIC Premium Payment Online using Paytm App.

LIC Premium Payment Online Paytm App:

Step 1: Open the Insurance Payment on your Paytm App or directly visit by using this Link.

Step 2: Then Select LIC and enter your Policy Details as policy number, email id, and DOB.

lic premium payment online paytm

Step 3: Then Click on the Get Premium button to know how much you have to pay.

Step 4: Now click on the Pay Now button to proceed with payment and pay using your Bank UPI using the Paytm App.

LIC Premium Payment Online with Amazon Pay UPI APP:

Follow the 4 easy steps given below to pay LIC Premium Using the Amazon Pay UPI App and continue your policy.

How to Pay LIC Premium using UPI

Step 1: Open the Amazon Shopping App and Go to Amazon Pay as shown in the image above.

Step 2: Then Look for the Insurance Option and click on Insurance Premium below the Insurance Option.

Step 3: Search and Select LIC as a Policy Provider

Step 4: Then it will ask for your Policy Number and Email ID to receive the payment Receipt.

At last click on the Fetch Bill button and pay the amount. If you are using the NACH Auto Debit option then it will show “NO Bill Pending.”

How to Pay LIC Premium Offline?

There are two methods under Offline payment of LIC Premium, either you can visit the LIC Cash Counters and pay the premium or Visit your bank and create a DD (Demand Draft) for your Policy Number, OR just drop a cheque in the Bank with the Policy Number written on the cheque.

How to Pay LIC Premium Offline from the Bank?

First Visit your bank and ask the cash counter about how you can pay the LIC Premium offline from your bank, Now I will share a common method of how anybody can pay the LIC Premium using Cheque and DD (Demand Draft).

Generate a Demand Draft with the name of LIC add your Policy Number and pay the amount including bank charges for the LIC Premium your policy has.

Pay LIC Premium using a Cheque:
  • Visit your Bank with the Chequebook
  • Write a Cheque and place your Policy Number in the To Name Place.
  • Enter the Premium amount and submit the cheque to your Bank.
Pay LIC Premium offline using Cheque

Good News: If you want to pay Premium for multiple policies, then write one policy number on the front side, and other policy numbers at the back of the cheque and write the total amount for all Policy Premium. (Make sure you don’t put different policies from different companies on the same cheque.)