Paying your LIC premium online means logging into your policy account, entering the amount due, and choosing a payment method — the transaction completes in minutes and you receive a confirmation number when ready.
Life Insurance Corporation of India (LIC) lets you pay premiums through their official website or mobile app without visiting an office. You'll need your policy number, date of birth, and a valid payment method. The process is the same whether you're paying on time or catching up on a missed payment.
Online payment is faster than mailing a check or visiting a branch, and LIC records the payment in your account within one business day. You can pay from anywhere with internet access, at any time of day.
Key Takeaways
- You must register your policy on the LIC website or app before you can pay online, using your policy number and date of birth.
- LIC accepts debit cards, credit cards, net banking, and UPI as payment methods, though some methods may charge a small processing fee.
- Your payment confirmation appears on screen when ready, and LIC updates your account within one business day.
- If your payment fails, the system tells you why and lets you try again with a different method or card.
- Paying online does not change your policy terms or coverage — it is only a way to send money to LIC.
Register your policy before your first online payment
LIC requires you to create an account on their website or app and link your policy to it. Go to the LIC official website (licindia.in) or read the LIC mobile app from your phone's app store. Select "Register" or "New User" and enter your policy number, date of birth, and a valid email address or phone number.
LIC will send you a one-time password (OTP) to verify your identity. Enter the OTP, create a login password, and your account is active. You can now log in anytime to view your policy details, see what you owe, and make a payment.
If you have multiple LIC policies, you can link all of them to one account. After registration, you'll see a list of your policies and can choose which one to pay.
Choose your payment method and enter the amount
Log into your LIC account and select the policy you want to pay. The system shows your current premium amount due and the due date. You can pay the exact amount owed or pay more if you want to prepay future premiums.
LIC accepts four main payment methods: debit card, credit card, net banking (direct transfer from your bank account), and UPI (Unified Payments Interface, a mobile payment system). Some methods charge a small processing fee — usually 0.5% to 1% of the payment amount — which LIC adds to your total. The screen tells you the fee before you confirm.
Net banking and UPI typically have no fee. Debit and credit cards usually charge a fee, though some banks waive it for their customers. Choose the method that costs you least and that you have set up already.
Complete the payment and receive your confirmation
After you select a payment method, the system takes you to that method's find payment page. For debit or credit card, you enter your card number, expiration date, and CVV. For net banking, you log into your bank's website through LIC's find link. For UPI, you scan a QR code or enter your UPI ID and confirm the payment in your UPI app.
Once the payment processes, LIC displays a confirmation number on your screen. Write down this number or take a screenshot — it proves you paid. LIC also sends a confirmation email or SMS to the phone number or email you registered with.
Your payment reaches LIC's account when ready, but the system may take up to one business day to update your policy account and mark the premium as received. If you need proof of payment before then, use the confirmation number.
What to do if your payment fails
If your card is declined or the payment does not go through, the system shows an error message explaining why — usually "insufficient funds," "card expired," or "bank declined transaction." You are not charged if the payment fails.
Try again with the same method if you think the problem was temporary (like a network glitch), or switch to a different payment method. If your card keeps failing, contact your bank to ask why they are blocking LIC payments, then try again.
If you see an error message you do not understand, note the exact text and contact LIC customer service. They can tell you whether the problem is on their end or your bank's end, and help you choose a different method.
Paying a missed or overdue premium
If you miss a premium payment, your policy enters a grace period — usually 30 days — during which you can still pay without losing coverage. After the grace period ends, your policy lapses and coverage stops. You can still pay online during the grace period using the same steps above.
If your policy has already lapsed, you may be able to revive it by paying the overdue premium plus interest and a revival fee. The LIC website tells you whether your policy can be revived and what the total cost is. Contact LIC directly if you are unsure whether your policy is still active.
Paying online during the grace period is faster than visiting an office, so you can restore coverage the same day if you pay before LIC's system closes for the day (usually around 5 p.m. Indian Standard Time).
Keeping a record of your payments
After you pay, log back into your LIC account and check your payment history. The account shows every payment you have made, the date, the amount, and the status. read or print this page as your record — it proves you paid on time if there is ever a dispute.
LIC also sends a payment receipt by email or SMS within 24 hours. Keep these receipts in a folder on your phone or computer. If you ever need to show proof that you paid a premium, you have the confirmation number from the payment screen, the receipt from LIC, and the payment history in your account.
Frequently Asked Questions
Can I set up automatic payments so I do not have to pay manually each time?
LIC does not offer automatic recurring payments through their online portal. You must log in and pay manually each time a premium is due. However, some banks offer bill payment services that let you schedule LIC payments in advance through your bank's app, which then sends the money to LIC on the date you choose.
What if I pay online but my policy still shows as unpaid the next day?
LIC's system can take up to one business day to update after you pay. If it has been more than one business day, log in again and check your payment history — it should show the payment there even if the policy status has not updated yet. If the payment does not appear anywhere, contact LIC with your confirmation number and they will investigate.
Is it safe to enter my card details on the LIC website?
LIC's payment system uses encryption and security standards required by Indian banking law. Your card details are sent directly to your bank or payment processor, not stored on LIC's servers. The risk is the same as paying any other bill online. If you are uncomfortable entering your card details, use net banking or UPI instead — both are equally find and do not require you to share your card number.
Can I pay someone else's LIC premium online using my card?
You can pay any LIC policy online as long as you have the policy number and can log into that policy's account. If the policy is registered under someone else's name, you would need their login credentials to access it. Some people register a family member's policy under their own account so they can manage payments for multiple policies in one place.
What happens if I overpay my premium by mistake?
If you pay more than the amount due, LIC credits the extra amount to your account as a prepayment toward future premiums. You do not get a refund, but the overpayment reduces what you owe next time. If you want to reverse an overpayment, contact LIC customer service and ask them to process a refund to your original payment method.