03/10/2011

How to pay LIC premium online?

        My relation with Life Insurance Corporation of India is almost 20 years old when I taken my first LIC police  at the age of 19 years and that time I was posted at Kochi. One LIC agent who was ex-Navy man, had motivated me and I took my first LIC Policy "Jiwan Surabhi" from my first salary. That time there was no facility of online payment so I have to give the policy  premium in advance to the LIC Agent and he made the payment to LIC Office Kochi.
         But the problem started when I got transfer from Kochi to Andman Nicobar. for that I had to prepare Demand Draft and send to the LIC Agent who was at Kochi and then he makes payment, some time due to postal or other delay my premium payment also get delayed, so during that period it was very difficult to even maintain a single insurance account but now in this technological "YUG" very things have changed and life become more relax and presently I am holding three LIC policies without any difficulty. The online premium payment facility of LIC has made our life more free and I can go anywhere on transfer without any tension of premium payment.Online premium payment is very easy. If you are having debit/credit card or net banking facilities then just get register on Life Insurance Corporation site
Steps for registration:
  • Go to LIC site www.licindia.in and click on " New user? click here"
  • Fill up your policy detail and click on proceed button and fill up the registration form. All the filed mark with * are mandatory.
  • After creating user id and password go to main site of LIC and get logged by clicking on "LOGIN" and entering your userid and password.
By registering online you will avail following service and can obtain various information.

Services:
  • You can view all your previously online paid premium.
  • You can make online payment to your enrolled policy
  • You can view premium paid statement.
  • You can update your profile
  • You can file complain if any
  • You can file feedback
Information
  • You can enroll your all policies here.
  • You can view all your enrolled policies.
  • You can view your all premium due date of enrolled policies
  Other Advantages of Online Premium payment
  • It is hassle free. You can make payment any time day or night.
  • No risk of LIC Agent mismanagement of your premium policy amount.
  • You will get premium due date SMS free of cost from LIC.
  • No paper work even some extend no need to keep your premium payment receipt as it will be available online and you can download it from the site by logging in your account.
  • It will save paper means save environment.
Special advise :
  • Don't fill wrong information
  • Enroll only those policy which are on your name, if you have any policy on your family member's name then register for a separate account.
  • Update your profile regularly for any change like mobile number or address change.
  • Now LIC decided to pay all the policy benefits through NEFT so update your bank detailed by filling up right forms after down loading from LIC site.