Lic Payment

What is Lic payment?

Lic payment refers to the process of making premium payments for your Life Insurance Corporation (Lic) policy. These payments are essential to keep your policy active and continue enjoying the benefits it offers. It is important to make regular and timely Lic payments to ensure that your policy remains in force.

What are the types of Lic payment?

There are various types of Lic payment options available to policyholders. These include:

Online payments through Lic's official website
Mobile app payments
Payment through authorized banks and agents
Automatic deduction from bank account or credit/debit card

How to complete Lic payment

Completing Lic payment is a straightforward process that can be done conveniently. Here are the steps to successfully make your Lic payment:

01
Log in to your Lic account online or through the mobile app.
02
Choose the payment option that suits you best from the available choices.
03
Enter your policy details and payment amount accurately.
04
Select the mode of payment and proceed to make the payment securely.
05
Receive a confirmation of your payment and keep a record of the transaction for your records.

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Video Tutorial How to Fill Out Lic payment

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Questions & answers

How do you fill LIC form No 3510? The first consists of details like the name of the policyholder, policy number, date of submission of the form, maturity date, signature, and address of the policyholder. On the second page, you need to mention the details of the witness along with the signature.
You can do so by either visiting the LIC website or by downloading LIC India's app. To pay premiums through the insurer's website, visit www.licindia.in and click on 'Pay Premium online' from the 'Online Services portal'. Here you will get two options: a) Pay Direct (Without login) and b) Through customer portal.
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. Enter Policy Details and Pay using NetBanking or Debit/Credit Cards.
The following are the steps you must follow for LIC premium receipt online download: Visit the LIC website (www.licindia.in) and click on 'LIC's e-Services' under the option which says 'Online Services'. If you are a registered user, select 'Registered User'.
To download the LIC premium payment receipt online, you need to be a registered user of LIC's e-Services. Visit LIC Homepage and click on the link called LIC e-Services that is available on "Online Services". Click on the tab "Registered User". Because you are already a registered user.
a. If already registered on LIC Portal: Click on e-Services, login with your user-id and password. Register your policies for availing the e-services by filling up the form provided. Print the form, sign it and upload the scanned image of the form. Upload the scanned image of PAN Card or Aadhaar Card or Passport.
Once you are on the homepage of your online LIC account, hover to the menu placed on the left side of the home page. Here you will see a tab labelled 'Consolidated Premium Paid Statement'.
This is an Application Form 5704/3510 for the LIC policyholder who wants to surrender his/her life insurance policy or make a partial withdrawal from the policy fund and this form can be download from the link given below free of cost.