If you dont use credit cards or ewallet payment services like paytm, freecharge etc then i would suggest you start using them from today as there are various benefits of using such services payment through normal methods like net banking or debit card will not give you extra benefits like cashback, coupon codes, gifts etc. Pay online in a few clicks via your net banking account. Lic waives off charges on credit card payments lic has said that any credit card originated payments towards renewal premium, new premium, or repayment of loan and interest on loans against the policies will not attract any additional charges or convenience fee its parlance, from december 1. Pay lic premium online lic policy status check online. Pay premium online life insurance corporation of india. Lic pay direct this is a instant bill payment service provided by lic and idbi easy2pay payment gateway. Life insurance corporation of india corporate office. On the successful payment, paytm will send you a message on your registered email and mobile number for your reference. Every company in the world going online so that their customers can avail various services online while sitting at their home. For payment through credit card like hdfc credit card or citibank credit card, click on idbi link. The payment can be made through visa,master credit card debit card and net banking account. But as per the term insurance plans, the advance payments period allowed is 15 days.
Maximum allowable payment through credit card is rs. Lic online payment through, banks, paytm, cards, offline, agent. Once you enroll with the policy or added to the list of policy customers, click on the paid premium online option to see the list of systems the due premium. Enter your 16 digit lic credit card number and the amount you would like to pay. Sep 12, 2012 in case, the proposerpolicyholder opts for premium payment through credit debit card, the payment must be made only through credit debit card issued on the name of such proposerpolicyholder. Dec 03, 2019 lic waives off charges on credit card payments lic has said that any credit card originated payments towards renewal premium, new premium, or repayment of loan and interest on loans against the policies will not attract any additional charges or convenience fee its parlance, from december 1. Lic credit card and its affiliates, subsidiaries, employees, officers, directors and agents, expressly disclaim any liability for any deficiency in the services offered by billdesk whose site you are about to access. Axis bank offers its customers the facility of paying their insurance premium online in a simple and hasslefree manner. Lic premiums can be paid by by netbanking using bank accounts and.
The recent initiative of lic, known as the payment gateway pg has been instituted to provide ondemand service of premium collection in a jiffy. In website there you will see an option of pay lic premium. Once you pay d premium through paytm, you get notification on your mobile and receipt. Dont have money in your bank account to pay lic premium. How to pay lic premium online without registration. No registration charges, no annual costs, no hidden costs. Once you have enrolled your policys, you can click on the link pay premium online to see a list of policies whose premium is due. You can pay lic premium through the atms of axis bank and corporation bank.
As opposed to the traditional method of paying premiums offline, lic has established an online portal through which individuals can pay their premiums either through a debit card or a credit card. Smartpay pay your utility bills online using credit card. According to the corporation, any payment done through credit card towards renewal premium, new premium, repayment of loan or interest on loans against policies will not attract any additional charges or. This facility is available with axis bank and corporation bank. Make payment to icici prudential, lic, max life, exide life and many other companies to earn reward points. Where you need to pay a precessing fee and service tax. Gone are the days when credit cards were only used for buying airline tickets or similar large transactions.
Savings upto 1% created at 06092016, 33 replies hot deals online indias fastest growing online shopping community to find hottest deals, coupon codes and freebies. You can check your premium and pay online through lic india. Lic removed convenienceservice charges or taxes for using credit cards debit cards to pay premium amount at other. Lic has developed multiple ways in which policyholders can pay premiums for policies. Will i get any benefit if i will pay my lic premium through a.
You will be securely redirected to the payment interface of your chosen bank. Smartpay is an automatic payment facility available on your credit card to pay any of your utility bills mobile postpaid telecom gas waterelectricity dth rent insurance get upto 1200 rs cashback for the first 12 months. Life insurance corporation of india in association with billdesk now brings to you a simple, convenient and secure way to pay your life insurance premiums over the internet or simply by providing an automatic payment instruction. Lic online payment know lic premium payment process. How to pay lic premium through credit card or ewallets. With axis banks insurance premium service, you can pay the premium of insurance companies such as bharti axa life insurance, edelweiss. Now everything can be done online, and you can get update notifications concerning your plan. To continue receiving policy benefits, it is important that you pay your premium regularly and on time. Sites like bill desk or icici bank do not charge extra, you can register your billers here. Make simple and hassle free payments towards your insurance premium. Hope this article will be useful for those who want to pay the lic using sbi credi cards. The credit debit card payment can be commenced in three easy steps. Lic premium using sbi card ic38 online mock test for lic.
How to pay lic premium online through credit card debit. Through this payment option premium can be paid through credit cards also. Lic online payment through credit card lic online premium payment. When you click on the option of idbi gateway, a page will be redirected where you can see the different card types attached with the convenience fees and service tax. The autodebit feature allows you to give standing instructions to your credit card visamastercard for automatic payment of your premium before the due date. Other than net banking, you can also use your credit debit card to make the lic online premium payment. You will also receive email reminders for pending lic premium notices and confirmation for payments made. Please note that the premiums to be paid by the policyholder is to be debited from hisher bank account credit card only. Lic merchant agent portal login, lic online premium payment through debitcredit card, lic policy details lic merchant agent portal login, policy details plans schemes, status, lic online premium payment through debitcredit card, customer care toll free number, lic of india online, pay lic payment online. Lic now offers its customers an option to make their lic premium payment online.
Lic online payment through credit card online payment gateway is lics effort to offer you with ondemand service in just a few clicks. If youre availing emi, you should pay interest as well as gst on the interest amount. In my previous article i have explained how to pay the lic policy online. For online credit card registeration, please make a rs 2 transaction via below mentioned link with the credit card.
Pay life insurance policies lic through credit card now. Neither lic credit cards nor any of its affiliates nor their directors, officers and employees will be liable to or have any. Lic or the life insurance corporation provides insurance services in india. If you have any doubts please post it in the comments section. Lic removed convenienceservice charges or taxes for using. Please also note that the above emi amount will be part of the minimum amount due mad, appearing in your monthly hdfc bank credit card statement.
Lic online payment pay your lic premium through debit card. Pay lic premium online using creditdebit cards lic. Online premium calculator, generate an instant illustration for premium. You can be paid either by giving standing instructions to the bank to debit the bank account credit card account on a particular date or manually accepting the bill which can be paid by.
Lic premium using sbi card ic38 online mock test for lic agents. The credit debit card payments shall be initiated in 3 simple steps. Credit card was introduced to avoid losing the money or avoid taking money with you. Follow these simple steps to download lic premium receipt 1. Select the policies to which you want to pay the premium online. Online life insurance premium payment tata aia life.
You can also download the mylic app to pay a premium for online. What are the extra charges by paying an lic premium with. How to pay lic premium online using net banking lic. Retaining my original answer below earlier there used to be charges yes. The lic premium payment through credit debit card is processed via idbi gateway. In this article i will be writing about the way how you can pay the lic policy premium using the sbi credit cards. You can pay your premiums online 24x7 from the comfort of your home with or without registering. Most of the credit card do not consider insurance payment for reward points. How to pay lic policy premium online through credit card. Credit card providers, banks and insurers have started alerting their customers to pay higher tax post implementation of goods and services tax from j. Visit our website to know more about how to make the premium payment for your lic policy through authorised banks, franchisees, merchants, and the lic website via net banking, credit card, and debit card. Starting from july 1, 2017 the gst will replace all indirect taxes like service tax and vat. You shall access this site solely for purposes of payment of your billsdues.
Learn how to register and pay your lic insurance policy using net banking or credit card. However, keep your policy details handy before you proceed towards paying your premium. Pay renewal premium fees for all your icici prudential life insurance policies. The process is simple and will be undertaken via the idbi. You can store your lic premium details and payment information online for upto one year.
With this collaboration, lic customers can pay their premiums at the branches of axis and corporation banks across the country. The direct pay facility is also very helpful since you do not need to register or remember your login credentials. Life insurance corporation of india lic has introduced credit card payments for payment of premiums. Lic online payment through credit card lic online premium. You are about to access a third party site, the accuracy or completeness of the information, materials, services or the reliability of any service, advice, opinion, statement or other information displayed or distributed through it, lic credit card does not warrant. How to download lic premium payment receipt paid by the paytm. Easy ways to pay your insurance premium on time via a hdfc bank credit. Why to pay lic premium through credit card or ewallets. The payment can be made through net banking, phone banking, credit card, atm or any other mode. Now the payments can be made using visamaster credit card domestic only with some convenience charges. How to make lic premium payment online using credit card. Lic pay direct payment online without registration. To avoid this recently paytm launched insurance premium payment facility.
Payment of mad is required to keep your card regular. We, at icici prudential life, have made this simple and hasslefree for you. This online payment facility is available only to registered customers who have enrolled their policies for such payments. Credit cards have become a very useful tool for people to complete their daily transactions like paying utility bills, paying mobile bills, buying groceries etc. Life insurance corporation of india pay premium online. Jul 04, 2018 lic online payment through credit card lic online premium payment. The is a long awaited feature, but implemented late. How to pay life and general insurance premium on paytm. This is a very simple and an effective way to make your lic premium payment online. Pay lic premium through credit card lic policy,lic plan,lic.
Cashback will get posted in the next statement cycle from the smartpay transaction. Before the last date, taxsaver who dont have enough money in their account can pay. The cardholder shall have the option to transfer the balances from other bank credit card to their credit card account. Lic has made easy for their customers to pay their premium online. There are various ways by which you can pay your lic premium. Lic has joined hands with two of the leading indian banks, namely axis bank and corporation bank, to facilitate a hasslefree insurance service to its customers. Stepbystep guide to pay lic premium using a credit card for first time users if youre paying your lic premium for the first time using your credit card, you can make online payment without registration.
Hence, to reduce the effort for the policyholders, lic india has started this online payment services for paying the premium amount. Credit card was also invented for the online transaction process. Now, pay lic by credit card yes, pay lic by credit card is possible, lic ebpp payment service allows that lic policy holder can pay lic premium through credit card net banking lic online payment. Demand invoice is sent and payment is received through the vendors. The insurer said any credit card originated payments towards renewal premium, new premium, or repayment of loan and interest on loans against the policies will not attract any additional. Stepbystep guide to pay lic premium using a credit card for registered users registered lic insurance customers can directly login to their accounts to pay their lic insurance premium. Jan 22, 20 you can pay lic premium using lic pay direct via credit card. How to pay lic premium online using net banking, debit card or credit card. Pay lic premium online lic online payment through credit. Lic premium can be paid either through net banking or through credit debit cards. Use any of these premium payment options, to make sure your family is always secured.
To promote digital transactions, life insurance corporation or lic has waived off the convenience fee on all payments, including payment through credit cards, to the national insurer, effective. Credit card bill, insurance premium to get costlier customers currently pay 15 pc service tax for such services. Below are the instructions to pay the premium using your credit card. Pay life insurance renewal premium, link policy and get e. Under online premium payment, payment is made only through netbanking account through licindia website. Yes, you can pay online through credit card or wallet option. Life insurance corporation of india online payment. Premium payments can be done before 30 days before due date, and until the policy in force. Policies with yearly, halfyearly and quarterly mode of payment are allowed. Now you can pay your lic premium online through net banking, credit card, debit card, authorized banks portals, paytm etc. Mar 15, 2017 learn how to register and pay your lic insurance policy using net banking or credit card. In earlier days, the premium amount was paid through lic agents or visiting the nearest branch office.
You can pay lic premium using lic pay direct via credit card. Check how to pay lic premium online through net banking. Dec 30, 2017 this video explains how to pay lic premium online for lic customer portal registered users. Today while trying to pay premium, i see that there are no charges for payment using credit cards.
No charges if you are not taking the emi option for payment. How can i pay lic premium through an hdfcsbi credit card. Lic of india online archives lic merchant agent portal. In an attempt to encourage digital transaction, life insurance corporation lic has decided to waive off the convenience fee on the payments with effect from december 1, 2019. Through online payment, you can pay your premium anytime and anywhere on a timely basis. In order to promote digital transactions, life insurance corporation lic has waived off the convenience fee on all payments, including payment through credit cards, effective december 1. Lic online payment lic premium payment online at paytm. Credit card bill, insurance premium to get costlier. How to pay lic premium online through credit card debit card. Do we pay more for lic policy premium paying through credit card. Policy holder has to register hisher policy in the bankers site who will send the policies for verification to lic. Lic waives off charges on credit card payments lic has said that any credit card originated payments towards renewal premium, new premium, or repayment of loan and interest on loans against the policies will not attract any additional charges or convenience fee. However, the discount is not applicable on renewals.
Know the step by step procedure to make lic premium payments online. Ways to pay lic premium lic premium payment options. Stilt, most policyholders are not aware of the lic online payment, and they still depend on the lic agents. The online lic payment of premiums using credit debit cards is processed via idbi gateway. Life insurance corporation of india payment through. Facility shall mean payment made towards life insurance premium using icici bank credit card to the select insurance companies.
We can do lic online payment through credit card or debit card or netbaking wallts upi. This is an easy way to pay your insurance premiums conveniently without any hassle. You can now make lic premium payment for your policy using your debitcredit card. The most discount on lic online payment through credit card plan is capped at rs2,000. Now you can have many of the functionalities that have been available only in a division office, online when you need it. Download duckduckgo on all your devices with just one download youll get tracker. Select your bank account from which you would like to execute this payment we partner only with select banks. It provides the option of paying only from the debit cards. Lic is equipped with online payment gateway to help its customers to make a payment with the click of button. Heres a simple stepbystep guide on how you can go about using this facility. Print and download the premium payment receipt for your records. If you are short of cash and unable to pay your lic policy premium then the credit card will help you. But make sure the medium you used to pay for that does not charge you extra 12% as some fee. International credit cards issued in foreign countries are not accepted for premium payments through online payment gateway.
Savings upto 8% created at 28032017, 21 replies hot deals online indias fastest growing online shopping community to find hottest deals, coupon codes and freebies. Lics pay direct is a good option to pay lic premium online without registration. Insurance premium payment pay health and life insurance. Pay lic insurance premium online through credit card. But you have to pay small processing fee for lic pay direct. In your busy schedule of life, there is a possibility to forget paying the life or general insurance premium. Get due date reminders and alerts, earn reward points and get cash back when you pay your insurance premiums using one of our services. Card shall mean credit card, which has been issued by icici bank and is valid and subsisting during the program period.
Once you have enrolled your policys, you can click on the link pay premium online to see a list of policies whose premium. Do we pay more for lic policy premium paying through. Now you can use bhim upi, debit card, credit card to pay your lic premium. Lic offers a range of online and offline premium payment channels to help customers pay their premiums in a hasslefree and timely manner. How to pay lic premium online using net banking lic online. No more scheduling a separate time to go to either agent or to the lic branch to pay the premium amount, no more tensions concerning your insurance policy.
Lic online payment easy lic premium payment online in 2019. Here is how you can pay your lic premiums using your credit card. Now there are many ways to protect your credit card. To pay premium online simply visit the official website of lic online payment, login and choose some options and make your payment through net banking, debit cards, credit card or even by using upi interface, etc. Unlike before, when you had to make payment for your health insurance in cash or via cheque, insurers nowadays accept credit card payments towards the. However, for this facility, you need to register your policies via bank website. You must be searching for how to pay lic through credit card. The payments can make by using a credit card by charging some convenience charges. You can link it with either visa or the master card.