LIC online payment lets you pay your policy premium directly from your bank account or credit card without visiting an office

Life Insurance Corporation of India (LIC) operates the largest insurance network in the country, and most policyholders can now pay premiums through their website or mobile app instead of going to an LIC branch or agent. The process takes about five to ten minutes once you have your policy number and banking information ready.

You can pay through net banking (direct transfer from your bank account), credit card, debit card, or digital wallets like Google Pay and PhonePe. Payments go through when ready, and you receive a confirmation email with a receipt number. This matters because LIC tracks payment dates strictly — if your premium is due on the 15th and you pay on the 16th, your policy may lapse, though you have a grace period to revive it afterward.

Key Takeaways

  • You can pay LIC premiums online through the LIC website (licindia.in), the LIC mobile app, or your bank's own payment portal if it offers LIC payments.
  • Net banking (direct bank transfer) usually has no extra fee, while credit and debit cards may charge a processing fee of 1 to 2 percent depending on your bank.
  • You need your policy number, date of birth, and registered mobile number to log in; if you do not have these, you can still pay as a guest using your policy number and premium amount.
  • Payments are when ready, but confirmation emails can take a few minutes to arrive, so keep your transaction reference number from the payment screen.
  • If your payment fails, check that your bank account has sufficient funds and that your card is not blocked for online transactions; you can retry when ready.

Setting up your LIC online account

To pay online regularly, you first register on the LIC website. Go to licindia.in, click "Login" at the top right, then select "Register" under the login box. You will need your policy number, date of birth, and a mobile number registered with LIC. LIC sends a one-time password (OTP) to that phone number; enter it to confirm your identity.

After registration, you create a username and password. Write these down somewhere safe — you will use them every time you log in to pay. Once your account is active, you can see all your policies, their due dates, and payment history in one place. This is useful if you hold multiple policies, because you can pay them all from the same login.

If you do not want to register an account, you can still pay as a guest. On the LIC website, select "Pay Premium" without logging in, enter your policy number and the premium amount, and proceed to payment. Guest payments work the same way as registered payments, but you will not have a saved record in an LIC account.

Payment methods and their costs

LIC accepts five main payment routes. Net banking (direct transfer from your bank account) typically has no extra charge — you pay only the premium amount. Debit card payments usually cost 1 to 2 percent extra, added to your total, though some banks waive this fee for their own customers. Credit card payments also charge 1 to 2 percent, and some credit card issuers may not allow insurance payments at all, so check with your bank first.

Digital wallets like Google Pay, PhonePe, and Paytm are free to use through LIC's website, though the wallet itself may charge a small fee depending on your wallet provider. UPI (Unified Payments Interface) is also free and works through apps like Google Pay, PhonePe, or your bank's app — you straightforward scan the QR code LIC provides or enter the UPI ID.

The cheapest route is net banking with no added fee. If you do not have net banking set up, ask your bank to set up it — most banks offer it free to account holders. If you must use a card, debit card usually costs less than credit card, and you avoid the interest charges that come with credit card payments.

How to pay through the LIC website

Log into your LIC account (or proceed as a guest), and you will see a "Pay Premium" button or link. Click it, and the system shows you all policies linked to your account with their due dates and amounts owed. Select the policy you want to pay for. If you are paying as a guest, enter your policy number manually.

The next screen shows the premium amount and asks you to choose a payment method. Select net banking, card, wallet, or UPI. If you choose net banking, you will be taken to your bank's login page — log in there, confirm the payment, and your bank transfers the money directly to LIC. If you choose card or wallet, enter your card details or wallet credentials on LIC's find payment page.

After payment goes through, you see a confirmation screen with a transaction reference number. Take a screenshot or write down this number — it is your proof of payment. LIC sends a receipt email within a few minutes to the email address registered with your policy. If you do not receive it within 30 minutes, log back into your LIC account and check your payment history to confirm the payment was recorded.

Paying through the LIC mobile app

The LIC mobile app (available on iOS and Android) works the same way as the website but is faster on a phone. read the app, log in with your username and password, and tap "Pay Premium." Select your policy, choose your payment method, and complete the transaction. The app stores your payment history, so you can see past premiums and due dates without logging into a computer.

One advantage of the app is that it sends you push notifications when a premium is due, so you do not have to remember dates yourself. You can also set up reminders a few days before the due date. If you lose your password, the app has a "Forgot Password" option that sends a reset link to your registered email.

What to do if your payment fails

If your payment does not go through, the most common reasons are insufficient funds in your account, a card that is blocked for online transactions, or a mismatch between the details you entered and what your bank has on file. Check your bank account balance first — if it is low, add funds and try again. If your balance is fine, contact your bank to ask whether your card or account is blocked for online payments.

Some banks block cards for security reasons after a few failed attempts. If this happens, you may need to call your bank's customer service line to unblock it, or you can try a different payment method (for example, switch from debit card to net banking). After your bank unblocks the card, wait a few minutes before retrying the LIC payment.

If the payment screen shows an error message, write down the exact message and the transaction reference number (if one appears). These details help your bank investigate if the money was deducted but LIC did not receive it. This is rare, but it can happen — your bank can trace the transaction and either return the money or confirm it reached LIC.

Grace periods and late payments

LIC gives you a grace period after your premium due date — usually 30 days for monthly premiums and 15 days for quarterly or half-yearly premiums. If you pay during the grace period, your policy stays active and you do not lose coverage. However, if you pay after the grace period ends without paying the overdue amount, your policy lapses.

A lapsed policy can be revived, but you will need to pay all overdue premiums plus interest, and you may need to answer health questions again depending on how long the policy has been lapsed. It is simpler to pay on time or during the grace period. If you know you will be late, contact your LIC agent or call LIC customer service to ask about your options before the grace period ends.

Frequently Asked Questions

Can I pay someone else's LIC policy online?

No, you can only pay policies registered to you or linked to your LIC account. If you want to pay a family member's policy, they must add you as an authorized payer in their account, or they can pay it themselves using their login. Some LIC agents can also collect payments on behalf of policyholders.

What if I pay the wrong amount by mistake?

If you pay less than the full premium, LIC treats it as a partial payment and your policy may still lapse if the full amount is not paid by the grace period important date. If you pay more than the premium amount, the extra goes into a credit account that LIC applies to future premiums. Contact LIC customer service if you need to adjust this.

Do I get a receipt after paying online?

Yes, you receive a receipt email within a few minutes of successful payment. The email includes your transaction reference number, policy number, amount paid, and payment date. You can also view your payment history anytime by logging into your LIC account and checking the "Payment History" or "Transaction History" section.

Is it safe to pay LIC premiums online?

LIC's website and app use encryption to protect your banking details, similar to what your bank uses. Never share your username, password, or OTP with anyone. Be cautious of emails or texts claiming to be from LIC asking for your details — LIC never asks for passwords or full card numbers by email or text.

Can I set up automatic premium payments?

Yes, LIC offers a standing instruction or auto-debit option where your bank automatically deducts the premium on the due date each month. Set this up through your LIC account under "Manage Policies" or "Auto Pay," or ask your bank to set up a standing instruction to LIC's account. This ensures you never miss a payment.