Pay premium using a cheque instead of taking money from the atm, filling the challan form while in the office loosing few places in the queue there by, just use the cheque book that you may have received along with your savingscurrent account. Here are the steps for paying lic premium online 1. Lic of india crossed cheque favouring lic of india. Lic has made various options available to the policy holders to pay premiums. The chequedd should be drawn favoring lic of india, pol. With cheque, you dont even have to carry the lic premium due date intimation letter along with you. How to pay the lic premium online in simple and easy steps.
User code of lici for collection of premium payment through ecs is 4009056. Premium can be paid at the cash counter of any lic branch office. Lic has been the pioneer player in the insurance industry of india for last fifty two years and has kept their business processes and customer relation methodology up to date to make every transaction, made by their clients, simple and convenient. If you are geeky enough, you would have paid the lic premium online, but since you are at the lic office to pay the premium, here is what you could do next time to simplify. Through online payment, you can pay your premium anytime and anywhere on a timely basis. If you are paying through cheque, the cheque should be drawn on the bank. Pay online in a few clicks via your net banking account. Note that, the payment option will be enabled only when the payment is due. Federal bank, in association with the life insurance corporation of india, brings you an easy way of making lic premium payments over the net. Through lics website to pay premiums through the insurers website, visit. Lic of india crossed cheque favouring lic of india encashed.
Online banking internet banking services sibernet south indian. Which ewallet is accepting the lic premium payment. How to find the cif number of your sbi account cif no of sbi. You can pay your lic premium through axis bank or corporation bank atm by following steps mentioned below. Any policyholder of lic can register online and avail this service. Payment at our office the premiums can be paid in our office address below from 8.
Next page will come that has below options click on lic paydirect button for premium payment. Check how to pay lic premium online through the lic portal watch the video tutorial here. The online payment facility is applicable for premium payments, policy renewals, tracking policy details etc. Lic payment lic online premium payment online bill payment. Features of paying lic premium payment using epf corpus. Lic policyholders given 30 day relaxation for premiums due in march, april in wake of. Icici prudential policyholders can pay premium via direct debit facility by submitting the mandate form along with a cancelled cheque at any icici prudential branches or hand it over to advisor. You will have to visit branch along with a cancelled cheque and policy. Make offline payment cash, cheques, demand drafts hdfc bank.
The life insurance corporation of india lic has made a few online options available. This is applicable to lic policies registered with select lic branches across india. Tagscif no in sbi passbook, cif no of sbi, cif no of sbi account holder, cif no of sbi bank, cif no on sbi cheque book, how to find the cif number of your sbi account dec 12 last updated on march th, 2020 at 12. Ways to pay lic premium lic premium payment options online. Follow the step by step process and you should be able to make payments with ease.
As and when the premium becomes due, lic will raise a debit to the account of the policyholder through the ecs process and collect the proceeds. We, at icici prudential life, have made this simple and hasslefree for you. How to pay lic premium through a cheque visiting the lic of india office, taking the challan there and writing stuff on it to pay your policy premium can be boring at times. At present we can pay the lic premiums using either jio money ewallet or airtel payments bank. Use any of these premium payment options, to make sure your family is always secured. After successful registration visit nearest axis bank or corporation bank atm and use your atm card to pay lic premium. There are various ways by which you can pay your lic premium. Pay your lic bills with amex cards bought from infibeam paid thru mobikwik at others. Premium payments at our branch offices can be done by. Since you are a nonregistered user, you need to select lic pay direct option for lic online premium payment. Choose the one that suits you best and saves you time. The pilicy amount is 6714but cheque returned by bank because my father did mistake while writing amount in words. How to pay lic premium online through credit card debit card wallet duration. Lic offers a number of channels via which customers can make premium payments for their lic policies to save time, as doing online lic payments.
Payment through alternate channels at cash counter premium can be paid at the cash counter of any lic branch office. Account number as appearing on the cheque book 9 digit micr code number of the bank and branch should not begin or end with 000 3. You will have to visit branch along with a cancelled cheque and policy details to. Cash, cheques, demand drafts if you wish to put cash or cheques into your account, send money abroad from india or vice versa, or carry foreign currency during travel, hdfc bank offers a wide range of banking services. You no more have to commute to nearby lic centre and stand in the long queue to get your lic premium payment done. Once the premium is paid, the bank would issue a premium receipt which is a valid. Created at 11042015, 25 replies dost and dimes indias fastest growing online shopping community to find hottest deals, coupon codes and freebies.
You can pay lic premium at the cash counter of any lic branch office. Lic online paymenthow to pay premium amount without. How to pay lic policy premium online through credit card. Payment by cheque the traditional way of making renewal premium payments for your insurance policy is through cheque. This is an easy way to pay your insurance premiums conveniently without any hassle. Lic will send the policyholders its official receipt by post after realizing the premium amount from the respective bank ac.
Sep 12, 2012 last month my father paid my mothers lic premium through cheque. Hence, using online lic payment service, one can pay premiums online within minutes and also check their policy status whether they are a. Paying lic premium payment using epf corpus is the feature which exists with epfo since long. We can pay the lic premium online using internet banking,credit card or debit card by visiting lic website. The premium for these policies can be easily paid through online portals. While paying insurance premium online or thru mobile app, select the option internet bankingamex cardsrupaycardsewallets before the check out. Therefore, it is always advised to pay the lic premium payment on your own in time. Payment at cash counter life insurance corporation of india. Make offline payment cash, cheques, demand drafts hdfc. Many lic ecs centers are registered with different user code, policy holder should obtain the correct user code from his lic branch office. Mar 15, 2017 how to pay lic premium online through credit card debit card wallet duration. Life insurers book 67% of last years premium in april. How to make a partial payment for a home loan lic hfl quora.
While earlier, insurance premium payment was mostly paid by cheque or cash, today a myriad of options are available to policyholders. In the digital era, one can set up an ecs mandate with the bank or use a credit card, debit card, net banking and ewallets to pay the premium amount. Jul 02, 2014 lics utility or user code for premium collection through ecs is 4009056. To avail this facility, you have to submit the duly filled ecsdirect debit or nach along with a cancelled cheque. Paynow make online payment without registration or. You may get information in this regard through various means from life insurance corporation of india or through your agent. Online premium calculator, generate an instant illustration for premium. How to pay lic premium online using net banking lic online. If the premium due date in your life insurance policy is approaching, here are some of the options you can explore to help you pay the premium on time. Once the premium is paid, the bank would issue a premium receipt which is a valid proof of premium payment. Lic has sent us a letter along with returned cheque to pay rs. What to do if your lic ecsnach premium payment bounced. Lic premium using sbi card ic38 online mock test for lic. For lic, it will be enabled on the date of renew, and we can pay with in next one month of time.
How to pay lic premium online using net banking lic. Aakash garg, unlimited gyan, how to give cheque to lic of india, how to make cheque in favour of lic, lic premium payment cheque in the name. Further issue of cheque books will be only against written requisition by me or through atm, phonebanking or netbanking. Ways to pay lic premium lic premium payment options. He is the author of 2 books and has vast experience of representing cases. If premium is already paid through any other mode before receipt of the payment through atm or the premium amount does not match with premium required, the payment received through atm goes to refunds and the amount is refunded by direct credit to the bank account. Looking to pay life insurance policy renewal premium. If a single cheque is used for payment of multiple policies, one policy number is to be written on the face of the cheque and others may be written on the back of the cheque.
Get a chequedd in favour of lic housing finance ltd. Lic removed convenienceservice charges or taxes for using credit cardsdebit cards to pay premium amount at other. Lic premium using sbi card ic38 online mock test for lic agents. Micr code is given on the first page of the cheque book. The main reason behind it to keep the cheque payment secure. Lic premium can be paid by cash, cheque or demand draft. Aug 02, 2018 through lic s website to pay premiums through the insurers website, visit. To continue receiving policy benefits, it is important that you pay your premium regularly and on time. Pay direct without login this is an option for those who do not want to register with the. How to pay lic premium by cheque latest rules how to fill. Through an authorized agent or also known as premium point. Jun 03, 2017 if you have linked lic premium emi through any bank then money will get deducted through ecs electronic clearing system every month automatically. Lic online payment procedure lic paydirect without. In this article i will be writing about the way how you can pay the lic policy premium using the sbi credit cards.
Heres how you can make premium payments online via these different modes. Although, we can issue a normal cheque for payment instruction. Lic also has an option called lic pay direct for you, which helps you pay your lic premium payment without having to essentially complete the lic online registration process. There are several advantages as to why you should prefer the online payment mode instead of traditional ones. I we hereby instruct the bank to debit myour above account no. The cheque dd should be drawn favoring lic of india, pol. From smart slips to deposit cash into your account, from universally accepted payableatpar cheques to a variety of foreign currency solutions, hdfc bank offers a variety of convenient solutions for you to. Policyholders can use various modes such as unified payment interface upi. Lic metlife tata aig birla sun life kotak mahindra prudential icici etc. If you have linked lic premium emi through any bank then money will get deducted through ecs electronic clearing system every month automatically. For any partial payment, you take your chequebook to the branch office if no online.
Iwe, hereby, declare that the particulars given above are correct and. Below, you can go through the steps to make lic online payment via paytm1. Aug 30, 2017 now a days people are now opting for the convenience of making payments online. Dec 09, 2016 paying lic premium payment using epf corpus is the feature which exists with epfo since long. Savings upto 8% created at 28032017, 21 replies hot deals online indias fastest growing online shopping community to find hottest deals, coupon codes and freebies. Then why we issue a cheque with account payee instruction. Dear sir, i am maintaining two policy with lic of india belgaum branch with regularly paying the premium for the policy no. Feb 15, 2017 at present we can pay the lic premiums using either jio money ewallet or airtel payments bank.
Life insurance corporation of india pay premium online. Ecs facility can be opted if the bank account is in any city where lic ecs facility is enabled, in other cities premium deduction can be through direct debit through select banks as mentioned in point 20. In this article we will discuss various methods and channels through which you can pay lic premium. Click on the option pay premium online that will open a page containing two options. How to pay lic premium by cheque latest rules how to. Your bank runs an ecs on the debit date and if there isnt enough funds, bank may run an ecs again at a later date usually a couple of days later, plus the rerun of an ecs is dependent on your. If you wish to put cash or cheques into your account, send money abroad from india or vice versa, or carry foreign currency during travel, hdfc bank offers a wide range of banking services.
Aakash garg, unlimited gyan, how to give cheque to lic of india, how to make cheque in favour of lic, lic premium payment cheque in the name of, lic cheque favouring name, how to pay lic premium. This facility is available with axis bank and corporation bank. Using lic pay direct is simple, and you can easily make your lic online payments through a creditdebit card. Lic or life insurance corporation of india is the largest life insuring company having a client size of nearly 250 million. Lic online payment lic premium payment online at paytm. The cheque should be payable to pramerica life insurance limited erstwhile dhfl pramerica life insurance company limited. Extended to all fednet customers who have lic policies with quarterly, half yearly or annual premium payment. It is an automated process where you have to just inform epfo. Lic offers a number of channels via which customers can make premium payments for their lic policies pay lic premium online by using your creditdebit card or use paytm option easily. Mar 05, 2011 lic will not be responsible for any dishonour raised by the bank and any dispute regarding same should be taken up with the bank only. Now a days people are now opting for the convenience of making payments online. Hence, using online lic payment service, one can pay premiums online within minutes and also check their policy status whether they are a registered user or not.
Ecs facility for payment of premium was started in l. Lic online payment facility will save your precious time visiting lic branch offices. Lic offers a number of channels via which customers can make premium payments for. Last month my father paid my mothers lic premium through cheque. Lic utility or user code for premium collection through ecs is 4009056. To pay premiums through the insurers website, visit. You can, therefore, visit the nearest branch of any of these authorized banks across india and pay your lic premiums on their counter through cash or cheque. In my previous article i have explained how to pay the lic policy online. I agree that the bank will, unless requested by me in writing to the contrary, issue cheque book on the opening of my account. Lic offers a number of channels via which customers can make premium payments for their lic policies pay lic premium online by using your credit debit card or use paytm option easily easy payment by login or without login to lic. Life insurance corporation of india payment through. Payment through alternate channels life insurance corporation. You can find the nine digit micr code on the first page of your cheque book.
They can visit these centers and make payments through cash or cheque. Check how to pay lic premium online through the lic portal. Earlier insurance product holders used to pay their premiums at lic office or through lic agents, but now they can easily check lic policy status and pay their premiums online using the online payment facility. No charges shall be levied if stop payment instructions made through registered internet banking. While paying insurance premium online or thru mobile app, select the.
To make lic online payment through paytm, you just need to follow a few short steps and you will be done with the lic payment. Ecs mandate form can be submitted in any lic branch office subject to at least one policy being serviced at that branch. Lic has now introduced many alternate channels to pay your premium on time and from anywhere you want. How to pay lic premium online without registration. Though paying lic premium through cheque or cash is a conventional mode of payment but not very convenient.
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