How to Pay LIC Premium Online Using Credit/Debit Cards - Steps

Why Pay LIC Premium Online?

Now you can pay LIC policy premium online using your credit/debit cards or even using your online netbanking account. Registering is simple. Why pay cash or cheque for your premium? Beyond this you earn free reward points if you pay by credit card.

If you don't have credit card or netbanking facility you can use your friend's or relative's accounts to pay your premium online.

The best way is to set a reminder in Yahoo or Gmail for premium payment reminder every year and you pay online in 5 minutes!

Warning: Never pay premium by cash. Once my father paid cash but when he went next year to pay premium again, he was told that even last year premium wasn't paid and he did not keep the premium receipt too.

Advantages of Paying Online

  1. Pay in 5 minutes
  2. Pay from anywhere in the world
  3. Keep the proof of payment forever, in your mailbox
  4. Pay easily, even on credit!
  5. Pay using your friend's credit card( you borrow from him!)

Registering For Online Premium Payment

Visit site :

LIC's home page

Locate the login button

just below it find the registration( that says "New User? Click here") link:

LIC Login Button

Fill Policy Details

Have these details ready before you register:

LIC Account Registeration Details

Paying Your LIC Policy Premium Online

Now you have a valid registration with you as explained above and now you're ready to make a payment online. Here are the steps.

Login into your account

LIC Login Page

Your Policy is displayed

Immediately after you login your policy is shown(with your last payment information) to you with "Pay Premium Online" on the right side:

Your Policy Details Shown After Login

If you're making payment again, you see below last transaction information:

Confirm Policy For Premium Payment

Select Policy Type

On clicking the above mentioned link("Pay Premium Online") you get this box. Choose the right option and press Submit:

Select Policy Type Confirmation Box

LIC Policies for Premium Payment Confirmation

Now you're shown policies due for payment. If you've already paid them then you will shown an error message in red.

Check the checkbox to confirm the policy you're making a payment for and press Submit button:

Confirm Policies for Premium Payment

Confirm Premium Payment Amount

Now you're shown premium confirmation page. Choose your payment method( credit/debit cards etc). Click "Yes" to continue:

Confirm Premium Payment Amount

Warning Message

Note this warning message:

Carefully read this warning

Select Payment Particulars

Select your bank/debit/credit card details:

Select payment particulars

Payment Confirmation

Now you're shown payment confirmation message which is presented to you if successful. Check your email also for confirmation from LIC with the message "Premium Payment Receipt from LIC of India....".

Look for Premium Receipts

Now your premium can also be found under receipts:

Select Financial Year to See it's premium receipt

Your Premium Receipt Shown

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