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Alternate Channels of Premium Collection for LIC policies
LIC PORTAL
Online Premium Payment is LICs initiative to provide on demand premium collection service within a few clicks! It provides for real-time payment of renewal premium dues through the LIC portal. Premium payment facility is available to both registered as well as Non-registered customers by using PAY DIRECT option on LICs website -www.licindia.in.
Relevant Conditions:
1. Premium can be collected for Ordinary In force and Spot Revival allowed policies under all Plans and modes (YLY, HLY, QLY & MLY ordinary).
2. Premium for policies under Salary Savings Scheme (SSS) mode cannot be paid online.
3. Premium for NACH mode cannot be paid online. However premium will be accepted online only if last NACH transaction is dishonored and NACH mandate status is pending.
4. Acceptance of premium can be done up to 30 days before the Due Date.