Is it possible to pay lic through credit card

LIC has been providing insurance policies to millions of Indians to date. Currently, LIC has expanded its products to cater to the varying needs of people from all walks of life. It offers life insurance, unit-linked insurance plan ULIP , and other types of insurance schemes. The citizens can choose from a wide range of insurance plans that suits their needs.

With the advent of technology, the oldest insurer of India has integrated technology into its workflow to offer convenience of online premium payment to its customers. LIC offers numerous methods through which customers can pay premiums for their policies. You can now pay the LIC premiums online efficiently and securely. The payment process for registered and non-registered users are different.

Nevertheless, customers will benefit from the same efficiency and security of making payments anywhere and anytime. Registered policyholders can choose to pay their policy premium via the e-Services facility offered on the LIC website. The steps are as follows:. Select the payment type without having to remember the log in credentials. Provide the necessary information and click on the Submit button. Step 4 — Once clicked, you will be asked to provide your policy number and the premium amount payable.

Step 5 — After you have entered the details, you will be able to view all of your enrolled policies. Step 6 — From this page, select the policies for which you want to pay the premium and click the Submit option to confirm your selection. Premium can be paid through the ATMs of the following Banks:. Income Tax Refund. Tax Exemption Limit. Income Tax Slabs.

Insure Life Insurance. Health Insurance. Motor Insurance. Other Risk Covers. Personal Finance News. Mutual Funds. You can use your credit card. Don't have money in your bank account to pay LIC premium? Navneet Dubey. Rate Story. Font Size Abc Small. Abc Medium. Abc Large. Getty Images LIC has waived off charges on credit card payments. Come January and a lot of us will be in a rush to make those tax-saving investments before the financial year ends in March.

One ways to save tax is by claiming deduction for life insurance premiums paid under section 80C of the Income- tax Act, So earlier all policies taken after January 1, could not be revived if they remained in lapsed condition for a period exceeding two years.

With a view to extend the benefit of continued life cover, LIC approached Irdai and extended the benefit of longer revival period to even those policyholders who bought policies post January 1, , LIC said.

Now, even those LIC policyholders who bought their policies post January 1, can revive their non-linked policies within 5 years and unit linked policies within 3 years of first unpaid premium, it added.

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