Forgetting the password for your LIC log in page to pay LIC premium is common thing. Reason is you regularly not log in to this page as your premium will be either yearly or half yearly. So LIC created one more facility where you no need to register, instead directly you can pay online without any hassle. Let us look how this feature works.
Note-I recently wrote a post “List of LIC’s online and offline premium payment options“. Hope this will give you more insight on the other options available with LIC for premium payment.
1) Visit LIC’s Home Page and click on the tab where I circled.
2) Once you click on above tab you will be directed to one more window which will look like below. Here you need to click on the tab “LIC PayDirect” tab which I circled in below image.
3) You will get the below window where you need to fill your Policy number, Premium you need to pay, date of birth, email id, Phone number and text which appear next to the image. Be careful to provide correct email id. Because you will get digitally signed receipt to your mail. Also no third party payment is allowed, payment should be from policy holders own bank account.
If the premium amount is debited from your account then you will but you got error page, then you will receive digitally signed receipt to your mail id within 3 working days after getting payment confirmation from bank. You need to contact bo_eps1@licindia.com if you faced such instances. Also before retrying check whether the amount is debited from your account or not. If debited then you will get receipt within 3 working days.
4) Once you enter the above said data, click submit. Then another window will open where your entered data will appear and you can cross check the details. Also you can add more policies for payment on this screen. Screen looks like below.
5) After clicking on the tab check out from above screen one more window will appear which looks like below. From this window you need to select the policy number for which you want to pay and then click on the tab “Submit”.
6) Now from the below screen you need to select how you want to pay, either through Internet Banking or Credit/Debit Cards (Recently LIC started facility of paying premium from credit cards too). After selecting click on the tab called “Yes”.
To view the receipt you need to have acrobat reader of version 6 and above. After than you need to click on the tab yes by selecting the option of payment.
7) Next it will ask for your bank selection and once you select the bank and click on the tab “Submit”, it will redirect you to the your internet banking login page where you need to login and by mentioning the amount pay it. Once paid you will receive the digitally signed receipt which you can keep it as your proof of payment. Also in below screen you can notice the transaction id was mentioned (I highlighted with black colour), which will be your reference id for future conversation with LIC regarding this payment.
Hope this information will be useful for all.
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View Comments
I want a loan against my lic policy so what should I do to get a loan
Rakesh Lakum
9987040477
Dear Rakesh,
Approach the home branch of the LIC.
I have two premium pay pending and i have to fill only one of them. what shoild i do?
Sanket-What should I do means?
Hi, I want to add my mother lic policy into from my account. Please help.
Pramod-Refer the instructions provided in LIC portal. What issues are you facing?
The dates are not highlighting above my DOB, as I am the registered user. Also it is showing option of only my spouse and child, but no parents or relatives add policy option into my account.
Pramod-It is true that you can add policies of your spouse and kids but not any other relatives.
if i can pay my brother's LIC renewal premium thru my credit card?
when credit card bill will be due such paid amount will be paid directly by my brother to credit card company.
please confirm if same is allowed as i have seen below remarks on icici pru site-
In case, the proposer/policyholder opts for premium payment through Credit/Debit Card**, the payment must be made only through Credit/Debit Card** issued on the name of such proposer/policyholder.
so please clear my doubts with regards to all types of insurance premiums.
thanks
Jitendra-What ICICI stating is correct.
thanks a lot for such a prompt response.
but payment already accepted by icici pru wherein i paid my brother's premium thru my credit card.
so please now advise for same and future also.
with special reference to LIC PLEASE.
Jitendra-They might be accepted. But is always best practice to adhere and pay from the source of the policyholder.
i am really impressed with the promptness of your response.
if i pay suppose 15000/- of renewal premium on behalf of my brother thru my credit card and when credit card bill is due this sum of Rs.15000/- will be paid by brother to card company.
will it is regularized as needed or any issues?
please guide me.
thanks once again for your help.
Jitendra-But still the card is in your name. So how can it is relevant to the insurance company that who paid back that credit card dues?
from income tax perspective my brother can show he actually and finally paid insurance premium from his funds.
so what is your final advise on this issue?
thanks again.
it is just like chat.
Jitendra-HOW? The source of the Premium amount payable should be from his income. But in this case it is your credit card. Hence, I am not sure why such circus.
it is just a medium for some time but ultimately my brother will be paying from his sources?
thanks.
thanks a lot for your prompt responses.
it can be proved that ultimately same was borne by my brother and he paid from his bank to card company.
Jitendra-Left with you and your IT Dept AO.
Jitendra-May be MEDIUM. But how can you prove to IT Dept AO if he questions the source and claim of deduction (if your brother claimed under Sec.80C)?
I paid premium of 9493 RS of policy no. XXXXXXX64 to 67 by mistake I paid this premium by my mother's debit card(third party).so amount is debited but trasaction stutus is still waiting for confirmation .so now what happened??is it confirmed or rejected??can I get money back?how many days status is showing waiting for confirmation??
Ashish-It may be pending as there is a mismatch in premium what you paid to. Hence, I think they reverse the transaction. Wait for LIC's and Banks working day.
Means lic don't accept third party payment always??
If not accepted then why debited??
Ashish-See even if you paid for the different policy (which is not your's), the premium amount has to match (which in no way match). Hence, definitely, LIC will reverse the payment. It may not be reversed due to holidays or so. Hence, suggesting you to wait for 1-2 WORKING days.
Ok thanks
Hi Sir, i am receiving error while payment of my premium from last two quarters...its saying as netwrk error, but there is no issue in the netwrk...i tried from different machines but cudnt pay premium online...please suggest what can be done
Sonal-It may be an issue at their end. Try after 1-2 days if there is an emergency or last date is nearer then visit the nearest branch and pay the dues.
Can a DO pay online premium for his customers
Agnivesh-Yes. Using above method.
What I mean from his (DO)bank a/c
What I mean from his (Development Officer)bank a/c
Agnivesh-In above method, whether LIC asking you of whether it is policyholder's account or development officer's account?
Ok understood
after reading all, i have a feeling that I can pay my brother's premium with my debit card. But, in some of the replies, it is said that the online payment of other's premium is illegal. I am quite confused. Please clarify
Arun-Possibility may not be always legal right?
in short, i can pay my brother's premium online with my debit card or otherwise. LIC will accept his premium, the manner of payment is legal or otherwise.
Arun-You can pay and there is no illegal. But he can't claim the tax benefit as it is not from his income.
thank you. it clarify all the doubts.
The main problem is they are very slow in this digital era. From last 10 days I am trying to login but it directs me to old version and it gives me error that User Id or Password is incorrect.
Also why do they ask to exclude Tax amount from Premium. Do the system calculates it automatically?
Surya-As you pointed, they still in 1942 era.
Can you answer my another question?
Also why do they ask to exclude Tax amount from Premium. Do the system calculates it automatically?
Surya-That is LIC's internal matter. Better you check with them.
Hi can I pay my sister in law lic premium instalment amount online though my crefit card. As my brother transferred me the required amount online to my bank account
Vamsy-Yes, if you know the policy details.