"); © 2021 LIC INDIA - Designed by Decent Themes, SMS is sent to customer for acceptance as well as rejection of mandate. For payment through Debit Card, Net-Banking, UPI and wallets Nothing is charged to customer. Since some fields on the mandate form are pre-printed with values specific to the division, it can be taken from any Branch of that division where policy is being serviced. LIC offers a range of life insurance policies which help in fulfilling the varied insurance needs of individuals. Using the login & password provided by the bank/service provider, you can log on to your account page at the bank/service provider’s website. You can now have many of the functionalities that were available only at a branch office, online at your fingertips. ATM facility is available with AXIS BANK and CORPORATION BANK. How should the Bank Account Number be written on the mandate form? Duplicate receipts cannot be printed in any case. Once registered for Premiums payments thru this facility, you should avoid paying via other payment modes, because there are many instances where payment for the same due-month is received twice. Pros and cons of loan on LIC policy. However, Axis Bank card holders are extended a facility by Axis Bank by absorbing convenience fee for their customers. Whether any extra charges be collected by the agent? Premium can be paid for all in force non-sss policies. You Can Pay Your LIC Premium Via Amazon Pay Balance Also. As mentioned in the message displayed at the time of premium payment, for such cases receipt is generated within 3-4 working days when the payment is received, and will be sent to the mail-id mentioned in the profile. » It is also a secure arrangement, as the policy data is not shared between LIC and Banks over net as only the amount to be paid is encrypted and transported. How to add the policy details at the authorised bank/service provider’s web-site? » There is no time lag from the date of payment to obtaining receipts. Enquiry of Outstanding Claims for the Current Year, Policy for protection of interests of policyholders. LIC policy premium payment made easy with Phonepe app. This e receipt is valid for income tax purpose. Premium can be paid only for In Force policies. Then the following page appears, you need to mark the options and click submit to process your payment. If standing instructions for premium payment are given to any of the bank, premium should not be paid through other modes to avoid double payment. Premium payment through LIC website: lic online Payment. Whether the receipt issued can be submitted by IT Authorities? It has vast network of branches all over India where premium can be paid at cash counters. 2. Single receipt will be issued if payment is made for more than one policy by the policy holder. ", Beware of fake / spurious calls - DOs and DONTs, Notice to Public regarding Combination of Products, Make premium payment for your enrolled policy using NetBanking or Debit/Credit Cards. Enter Policy Details and Pay using NetBanking or Debit/Credit Cards. Whether the receipt issued by Banks can be submitted by IT authorities? Whether any extra charges be collected by the Service Provider? If you want to buy the best LIC policy for a child, there are two plan options which you can consider. What are the important points to be noted for availing this payment facility? This convenience fee is not collected by LIC, but is paid to the card network. What are the charges to be paid for availing this facility? Regarding the second option in Customer services, View pay premium … Simultaneously successful/unsuccessful transaction message will be flashed. The policyholder needs to pay the convenience fees and service tax for processing the LIC Premium payment. This facility is absolutely free for the policyholders of LIC. Valid, signed Premium receipt will be issued by the Collection Center immediately. Mktg Dept, Central Office is to be contacted through proper channel. Select the bank and click on the ‘submit’ button. No other receipt will be issued by LIC and sent by post. This facility is available to all new policies as well as existing policies including ULIP policies. Which Banks having the facility of paying the premium through ATM ? Other than … For LIC payments no extra amount will be charged by the banks or the service providers. Whether any extra charges be collected by the bank? NO EXTRA CHARGES WILL BE COLLECTED BY THE BANK. Receipt can be obtained by giving policy number and transaction date. Whether intimation about mandate acceptance/rejection is given to customer? Digital Signature not present on receipt. In general, you would have to enter the policy number, the installment premium, email-id and any other information. » Premium can be paid at the cash counter of any LIC Branch Office. Last premium before maturity under Qly & MLY mode cannot be paid online. E-receipt is online, and is valid for IT purpose. 7th, 15th, 22nd and 28th of the month. On successful login, the total amount to be paid by you towards LIC will be displayed. LIC has agreements with the authorized banks/service providers wherein LIC will pay a mutually agreed charge per transaction on monthly basis. SMS is sent to customer for acceptance as well as rejection of mandate. Plan NAV; Locator . However, by using the online medium you will get the receipt of the payment instantly to your registered email id. No need to visit bank again & again, life insurance premium payment online at Paytm and save your time. Policy is in lapsed condition, which is generally after 6 months from last premium due date. Whom to contact for getting authorization to collect the premium? We request you to kindly adopt only one mode of premium payment. Double payment is made while making payment through online portal site . Step 11 : Fill all the details and click on the ‘Make Payment’ button, your payment will be processed. This functionality is available only to registered customers who have enrolled their policies. LIC Branch where the amount was deposited by the AGENT/SBA has to take the dishonour action. Premium should be paid across the cash counter in the branch all the dues till the date of payment. Lic Maturity Amount Calculator provides maturity amount based on Age of the policyholder, Policy term, Policy name, Sum Assured, etc. Otherwise, they can approach LIC agents for paying premiums.
If the amount has been deducted from your account and has not been adjusted in your policy for more than 10 days, kindly contact your banker as the amount would be lying in the suspense account of your banker to be reversed in your account. The app even provides various offers, rewards, cashback to its customers. As and when amount received and accounted at LIC, the receipt will be dispatched/emailed to customer. Browse Money Back Plans Now. How to Pay LIC Premium Payment Online with Paytm? LIC Policy Premium Payment: While paying your policy premiums via digital modes, like net banking and mobile banking is always convenient and does not require one to visit LIC branches or authorised banks in physical capacity, it is important to be careful while using this feature. Receipt will be posted to the address mentioned in the policy records after two or three days of accounting by LIC in case of old registrations only. It will save time by not waiting in long queues for making the payment. It is trusted by all policyholders as it is controlled by the government of India. I have bank account in Mumbai, but my policy is being serviced by Delhi Branch. Whether premium will be accepted at cash counter during Pendency of the mandate i.e., awaiting response from the destination bank ? Authorized Agents/Retired employees/Chief Organizers/Senior Business Associates/LIC Associates will be issued a login-id and password on LIC portal through which collections can be done. Deposit up to date premiums for the policy ( all the dues) and re-register for NACH by submitting fresh mandate to Servicing Branch. LIC India has provided an online portal that lets the new customer register for LIC policy. Can a Single mandate be used for multiple policies? Yes, it is possible. 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