Renewal premium payment lic

Breaking News : LIC premiums can now be paid at the nearest CSC centres throughout the country. Also on ALL POSSIBLE digital modes through LIC website without any service charges. The payment gateway (PG) initiative is an important component of the offer.

It provides for real-time payment of renewal premium-dues through the portal. This functionality is available only to registered customers who have enrolled their policies. Online LIC Payment by Amazon Cashback offer Rs. Pay LIC Renewal Premium Online through Amazon. The purpose to teach how to pay Premium Online UPI Payment.

What is renewal premium payment? How to pay LIC premium online payment? Can you pay LIC customers? LIC provides both modes of LIC registration offline as well as online and it also offers LIC Policy Online Payment. Life insurance corporation is a govt insurance company that provides various security cover of life like health insurance, Life insurance , etc.

Policyholders must pay the renewal premium for the entire period of months from the date it was due, on or before April Extra time for insurance policy renewal , premiums. LIC Online Premium Payment Through These Banks - Important Points You can pay your premium at any extension counter or branches of either of these two banks. You can submit your premium payment only via or cheque mode drawn on either of the banks.

One can only pay the premium for active, non-ULIP and non-SSS policies using this payment channel. The renewal premiums are paid after the initial premium and are indispensable for the continuation of the policy. Renewal Premium Payment’ is the amount you need to pay every year to continue the benefits offered under your policy. Click on ‘Pay Premium Online’.

Life Insurance Policy Renewal – Offline Options: Access to internet is not available everywhere in India. Since LIC policyholders are spread across the country, online renewal payment becomes difficult especially for people residing in remote places. So for people from these locations, there are various offline premium payment options as. Note: As per Goole Pay guidelines the paymant may take upto days for your Premium payment to reflect in LIC. India’s biggest life insurer LIC India has extended the grace period for payment of premium for all policies.

With this, policies which were due for renewal on February can be renewed till April and policies due for renewal in March and April can be renewed till May and June respectively. LIC allows its customers to pay their premiums online easily. Once the premium payment is made on the company website, customers can easily download their consolidated premium paid statement simply by visiting the of the company. Policy in Lapse Status: In this case the renewal premium (s) due falls in next days, the policyholder is required to pay the due premium (s) either through cheque or cash. Debit Draw date on a holiday: In case the debit draw date is falling on a holiday, the premium amount will be deducted on the next working day.

You can set up an direct debit instruction for regular debits of your renewal premium from your bank account. To avail this facility you will have to fill-up the Direct Debit mandate, duly sign, and submit along with a copy of the personalized cancelled cheque at your nearest Exide Life Insurance branch. In such cases, LIC charges a penalty of 9. For the half-yearly premium payment term, the insured has to pay one half of the yearly premium.

For quarterly premium payment term, the insured have to make quarterly payments. Under the monthly mode, the policyholder can pay a regular months premium. In half-yearly mode of premium payment , the policyholder needs to pay one half of the yearly premium.

In quarterly premium payment mode, quarterly payments are required to be paid by the insured person. The insurance holder can pay a regular monthly premium under the monthly mode of premium payment. You will see the list of your all policies. Then click on your any policy number and you will see the full details of it.

LIC Paid Premium receipts and consolidated Premium Paid statement can be downloaded for each policy from LIC website. Financial Year-wise consolidated premium payment receipt is a desired document for proof of investment for Income Tax declaration. This article provides step-wise guidance to download your premium payment receipt. The risk shall commence only upon realisation of the premium amount in accordance with the terms and conditions of the policy contract. Indexed premium (if applicable in your policy), increases the contribution to your fund to beat inflation and proportionately increases your life cover.

All the policies for which the premium payment can be made at this point of time have been displayed above.