Want to pay lic policy premium through credit card online? In the era of cashless economy it is very common to pay using Internet banking / Amex Cards / Debit cards / eWallets / Credit Cards online. In case you are thinking whether can you pay your lic policy premium using credit card or eWallets then the answer is simply Yes only.
LIC of India is one of the largest insurance policy provider of India and they have equipped with various premium payments options online and offline. There are various ways you can pay your lic policy premium without worrying about anything.
Why To Pay LIC Premium Through Credit Card or eWallets
If you don’t use credit cards or ewallet payment services like Paytm, Freecharge etc then I would suggest you start using them from today as there are various benefits of using such services.
Payment through normal methods like net banking or debit card will not give you extra benefits like cashback, coupon codes, gifts etc.
So, if you are using such services or credit cards for paying your insurance premium amount then you will get further rewards as well provided terms & conditions of the card.
Steps to Pay LIC Premium Through Credit Card or eWallets
The process is quite simple and can be done in 2 ways. Either you can login to your LIC account or pay through your banks net banking account. Let’s discuss about them one by one.
Pay LIC Premium Through Credit card using LIC of India account
Just login to your LIC of India website and get access to your policy. You will find option to pay premium online in the left side.
On clicking on the link you will be redirected to the page where you will be showed the details of due premium of your policy.
Simply click on the Pay now button and you will be asking for various payment options available. You will find the options like Internet banking / Amex Cards / Debit cards / eWallets / Credit Cards.
Now choose your preferred option and go for he payment. After successful payment you will be acknowledged and also get premium payment receipts in your mail box.
Pay LIC Premium Through Credit Card Using Net Banking Facility
This is also very simple only. In that case you must have to full fill one condition that your credit card is linked with your savings bank account. E.g. if you are trying to pay your lic policy premium through HDFC bank then its better to link your HDFC bank credit card with your HDFC bank savings account.
Anyway, just login to your net banking account of your savings account from SBI, ICICI Bank, HDFC Bank or any other bank in India.
You have to Add Lic policy as biller or beneficiary or add as payee first. Then like you pay for others through net banking you can pay your lic policy premium also. In that case you have to provide your policy number and the amount of premium to complete the payment process.
So, which way you would like to pay your lic policy premium online? Personally I prefer to pay through credit card as I can earn some reward point. In case other insurance policy premium, I also use Paytm services. But you can’t pay LIC policy premium though Paytm yet. Share your experience or any feedback about this topic by writing a simple comment below.