The fastest way to pay your LIC premium online
You can pay your Life Insurance Corporation of India premium through the official LIC website, the LIC mobile app, or authorized payment platforms without visiting an office. The LIC website (licindia.in) accepts payments directly from your bank account, credit card, or debit card. Most online payments process immediately, and you receive a digital receipt right away.
The LIC mobile app — available on both iOS and Android — lets you pay from your phone using the same payment methods. You can also pay through third-party platforms like NEFT, RTGS, or authorized bill payment services, though these take longer to reflect in your LIC account (usually one to two business days).
Key Takeaways
- The LIC website and mobile app process payments instantly using your bank account, credit card, or debit card.
- You need your policy number and registered mobile number or email to log in and make a payment.
- Direct bank transfers through NEFT or RTGS work but take one to two business days to show in your account.
- A digital receipt appears immediately after online payment; save it as proof until the amount shows in your policy record.
- Late payments may attract a grace period (usually 30 days) before the policy lapses, depending on your policy type.
Paying through the official LIC website
Go to licindia.in and look for the "Pay Premium" or "Online Payment" link on the homepage. You will need to enter your policy number and either your registered mobile number or email address. LIC will send a one-time password (OTP) to verify your identity before you proceed.
After logging in, select the premium amount due and choose your payment method: debit card, credit card, or net banking (direct bank transfer). Enter the required details and confirm the payment. The transaction completes within seconds, and LIC sends a confirmation email with your receipt. Keep this receipt until the payment appears in your policy account, which usually happens the same day.
If you do not have a registered mobile number or email on file, you may need to update your contact details first through the LIC website or by calling your nearest LIC office.
Using the LIC mobile app to pay your premium
Download the official LIC app from the Google Play Store or Apple App Store. Open the app and log in using your policy number and registered contact details. The app will prompt you to set a password if this is your first time using it.
Navigate to the "Pay Premium" section and enter your policy number. The app displays the amount due and the payment due date. Select your preferred payment method — debit card, credit card, or net banking — and complete the transaction. You receive an instant notification and a digital receipt within the app.
The mobile app is useful if you want to check your policy details and payment history at the same time. You can also set reminders for upcoming premium due dates directly through the app.
Paying through bank transfer (NEFT and RTGS)
You can transfer your premium amount directly from your bank account to LIC's bank account using NEFT (National Electronic Funds Transfer) or RTGS (Real Time Gross Settlement). This method is free or low-cost at most banks, but the payment takes one to two business days to reach LIC and appear in your policy record.
To use this method, you need LIC's bank account details, which you can find on your premium notice or by calling your LIC office. Include your policy number in the payment reference or memo field so LIC can match the payment to your account. Without the policy number, LIC may not know which policy the payment is for, and you will need to contact them to manually link it.
NEFT and RTGS are slower than credit or debit card payments, so use this method only if you are paying well before your due date. If your premium is due in a few days, use the website or app instead.
What happens if your payment is late
LIC policies typically have a grace period of 30 days after the due date. During this time, you can still pay your premium without losing coverage, though the policy is technically in default. If you do not pay within the grace period, your policy lapses and coverage stops.
If your policy lapses, you can revive it within a set time (usually two years) by paying all outstanding premiums plus interest. The process requires a revival form and medical underwriting in some cases. It is much simpler to pay on time or during the grace period than to revive a lapsed policy later.
If you know your payment will be late, contact your LIC office or agent as soon as possible. Some policies allow automatic payment setup, which prevents missed payments altogether.
Setting up automatic premium payments
Many LIC policies allow you to set up automatic deduction from your bank account on the due date each month or year. This is called standing instruction or auto-debit. To set this up, you need to provide your bank account details and authorize LIC to deduct the premium automatically.
You can set up auto-debit through the LIC website, mobile app, or by submitting a form at your nearest LIC office. The bank will send you a confirmation when the deduction is processed. If your account does not have sufficient funds on the due date, the deduction will fail, and you will receive a notice to pay manually.
Auto-debit is the most reliable way to avoid late payments, especially if you have multiple policies or a busy schedule.
Troubleshooting common online payment issues
If your payment fails or does not appear in your account after 24 hours, check your bank account to confirm the money was actually deducted. If it was, the payment is likely in transit and will show in your LIC account within one to two business days. If the money was not deducted, the payment failed — try again using a different payment method or contact your bank.
If you see an error message during payment, note the error code and try again. Common issues include incorrect policy number, mismatched registered contact details, or a temporary server issue on the LIC website. Clear your browser cache and try again, or use the mobile app instead.
If you paid but your policy still shows as overdue after three business days, contact your LIC office or call the LIC customer service number on your policy document. Provide your receipt number and the date you paid. LIC can manually verify the payment and update your account if there is a processing delay.
Frequently Asked Questions
Can I pay my LIC premium using a credit card online?
Yes, the LIC website and mobile app both accept credit card payments. The payment processes immediately, and you receive a receipt right away. Some credit cards charge a convenience fee for premium payments, so check with your card issuer first.
What if I do not remember my policy number?
Your policy number is on your premium notice, policy document, or any correspondence from LIC. If you cannot find it, call your nearest LIC office or the customer service number on your last premium receipt. They can look up your policy using your name and date of birth.
How long does it take for an online payment to show in my LIC account?
Credit and debit card payments show within minutes. Bank transfers through NEFT or RTGS take one to two business days. If your payment does not appear after three business days, contact LIC with your receipt number.
Can I pay multiple premiums at once online?
If you have multiple LIC policies, you must pay each one separately through the website or app. Log in with each policy number and process the payment individually. You cannot combine multiple policies into a single payment online.
What should I do if my policy lapses because I missed the grace period?
You can revive your policy by paying all outstanding premiums plus interest within two years of lapse. Contact your LIC office or agent to request a revival form. Some policies require medical underwriting before revival is approved.