5 min read
Updated on Mar 17, 2023
LIC of India is one of the most popular insurance companies in India offering a range of products targeting the common people. With online ways of buying insurance policies gaining popularity, the insurer has offered a wide range of options of LIC policies to the policyholders online. Moreover, with easy, transparent and flexible means of buying insurance policies online, people these days don’t like to pay hefty charges to LIC agents. Further, the online way of buying policy is hassle-free and cost-effective too.
When it comes to buying policies online the key aspect to note is regarding the payment option. There are various online payment modes that one can consider such as, net-banking, debit and credit cards, using digital wallets to pay through the official portal of the insurer and so on. There are many discounts and LIC premium payment online offers that the policyholder can receive by using various digital payment modes for LIC premium payment.
Google Pay App has turned out to be one of the most popular modes for online payment in India. As the name suggests, the app has been developed by technology giant Google. The process of using the app to make payments and transfer money is very simple. The app is popularly known as Gpay and it uses one of the easiest interfaces to send and receive money online from your registered bank account directly.
Besides, the app also allows the user to avail many lucrative and exciting LIC policy online payment offers and rewards in the form of cashbacks etc. The LIC consumer can use this app to pay premiums at zero extra cost.
If you are novice about the use of the app, here is a step-by-step guide to making LIC premium payment using Gpay:
Another easy way of making LIC premium payments is by using Paytm. With Paytm, you can pay the LIC premium at your convenience anytime and from anywhere. Be it LIC Pension plans, micro insurance plans, ULIPs and so on, you can use Paytm to make the payment easily.
Here are the steps to make payment of LIC premium using Paytm:
MobiKwik is the third and another popular option in the list of online payment modes for paying LIC premiums. It is also an easy-to-use app that can be used to make LIC premium payment in the portal of the insurer. The app uses a hassle-free user interface and can be used to make payments without any extra charges.
Here are three basic steps that needs to be followed to make payment online using the app:
This simple LIC premium payment online cashback offers can also be availed by users of this app like;
If you use the HDFC credit card for making the LIC premium payment, you can get many exciting discounts and cashbacks.
PhonePe is another popular as well as trustworthy payment platform of UPI used all across India. PhonePe takes care of millions of transactions on a daily basis. This application can be used to directly pay a premium amount for LIC without any bank transactions.
Here’s the step-by-step procedure:
Users of PhonePe can also avail numerous amazing discounts while making LIC premium payment online. There are cashback facilities available too.
To Sum Up
LIC is one of the trusted brands for most Indians while considering insurance policies. For easy and hassle-free payment of LIC policies, the company offers numerous ways that can be used to make premium payment online.
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You can make LIC premium payment via NetBanking, Debit/Credit Cards, using digital wallets
Premium can be paid online 30 days before the due date of the policy.
LIC premium payment can be made via NetBanking, Debit/Credit Cards, using digital wallets etc. Besides, you can use cheque, cash and other options too.
Yes, LIC premium can be made by using Gpay or Google Pay option.
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
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