How to Pay Your Life Insurance Corporation Premium Online
How LIC Premium Payments Work Online
Life Insurance Corporation (LIC) of India lets you pay your premium through their website, mobile app, or authorized payment partners without visiting an office. The payment goes directly to your policy account, and you get an instant confirmation. You need your policy number, registered mobile number or email, and a valid payment method — debit card, credit card, net banking, or UPI.
Online payment is faster than mailing a check or going in person, and it creates an immediate record. LIC's system updates your payment status within minutes, so you can see right away that your premium is received. If you set up automatic payments, you won't have to remember the due date each time.
Key Takeaways
- You can pay LIC premiums online through the official LIC website, their mobile app, or partner payment gateways using your policy number and registered contact details.
- Payment methods include debit card, credit card, net banking, and UPI, and your confirmation arrives instantly by email or SMS.
- Setting up automatic payments (standing instruction) prevents missed payments and keeps your policy active without manual action each month or year.
- If your payment fails, LIC usually gives you a grace period of 30 days to pay before your policy lapses, though this varies by policy type.
- Late payments may result in a policy lapse, but you can revive a lapsed policy within a set timeframe by paying arrears plus interest.
Steps to Pay Your Premium Online Through LIC's Website
Go to the official LIC website (licindia.in) and look for the "Premium Payment" or "Online Services" section. You will be asked 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 — enter it to proceed.
Once verified, your policy details appear on screen, including the amount due and the due date. Select your payment method — debit card, credit card, net banking, or UPI — and enter the required details. After you submit, you will see a confirmation page with a transaction reference number. Save this number and the receipt that arrives by email or SMS within a few minutes.
If the payment fails, the system will tell you why — usually an incorrect card detail, insufficient funds, or a bank-side issue. You can try again immediately with the same or a different payment method. Do not assume the payment went through if you do not see a confirmation; check your bank statement and LIC's website to be certain.
Using the LIC Mobile App to Pay Premiums
Download the official LIC mobile app (available on iOS and Android) and log in with your policy number and registered mobile number. The app will send an OTP to verify you. Once logged in, tap "Premium Payment" or "Pay Now" — the exact wording depends on your app version.
Enter the amount (the app usually shows what is due) and choose your payment method. The app accepts debit card, credit card, net banking, and UPI. After you confirm, the payment processes and you receive a receipt on screen and by SMS. The app also shows your payment history and upcoming due dates, so you can plan ahead.
The mobile app is often faster than the website if you pay regularly, because it remembers your details and you can set up automatic payments directly from the app. However, make sure you are using the genuine LIC app — check that it is published by "Life Insurance Corporation of India" in your app store.
Setting Up Automatic Premium Payments
Automatic payment (called a standing instruction by LIC) means your premium is deducted from your bank account on the due date each month or year, depending on your payment frequency. You set this up once, and then you do not have to remember to pay or log in each time.
To set up automatic payment, log into your LIC account online or through the app and look for "Standing Instruction" or "Recurring Payment" in the payment section. You will need to provide your bank account details and authorize LIC to deduct the premium. LIC sends a confirmation by email and SMS, and your bank will also notify you of each deduction.
If your bank account changes, you must update your standing instruction details immediately — otherwise the payment will fail and your policy may lapse. If you want to stop automatic payments, you can cancel the standing instruction through your LIC account, but you then become responsible for paying manually before the due date.
What Happens If Your Online Payment Fails
If your payment does not go through, LIC usually gives you a grace period to pay. For most policies, this is 30 days after the due date. During the grace period, your policy remains active and your coverage does not stop, even though the premium is late. However, if a claim occurs during the grace period, LIC may deduct the unpaid premium from the claim amount.
Check your bank statement to confirm whether the money left your account. If it did, contact your bank — the payment may be stuck in processing. If it did not leave your account, try paying again with a different payment method or contact LIC directly to ask whether there is a technical issue on their end.
If you do not pay within the grace period, your policy lapses, meaning your coverage stops. You can revive a lapsed policy, but you will have to pay all the premiums you missed plus interest, and you may have to answer health questions again depending on how long the policy has been lapsed.
Payment Methods Accepted for Online Premiums
LIC accepts debit cards, credit cards, net banking, and UPI for online premium payments. Debit and credit card payments are instant — the money leaves your account immediately and you see a confirmation within seconds. Net banking (also called online banking) works the same way if your bank is on LIC's list of partner banks.
UPI payments are processed through apps like Google Pay, PhonePe, or Paytm. You enter your UPI ID or scan a QR code, and the payment goes through in real time. There is usually no transaction fee for UPI payments, whereas some banks charge a small fee for credit card payments.
LIC does not currently accept payment through cryptocurrency, checks mailed to the office, or cash deposits at most locations. If you do not have internet access or a bank account, you can pay at an LIC branch office or through an authorized LIC agent, though this takes longer and requires you to visit in person.
Troubleshooting Common Online Payment Problems
If you see an error message like "Transaction Failed" or "Invalid Policy Number," first check that you entered your policy number correctly — it is usually a 10 or 12-digit number printed on your policy document. If the number is correct, try logging out and logging back in, or clear your browser cache and try again.
If your payment is deducted from your bank account but LIC's website still shows the premium as unpaid, wait 24 to 48 hours for the payment to settle. If it does not appear after two business days, contact LIC with your transaction reference number and bank statement showing the deduction. LIC can trace the payment and credit it to your account manually.
If you forget your login details, use the "Forgot Password" or "Forgot Policy Number" link on the LIC website. You will be asked to verify your identity using your registered mobile number or email, and LIC will send you a reset link. If you cannot access the email or phone number you registered with, you will need to visit an LIC branch office to update your contact details.
Frequently Asked Questions
Can I pay my LIC premium using someone else's bank account or card?
Yes, you can use another person's debit or credit card to pay your premium. However, the payment must be made against your policy number. Some people use a family member's card for convenience. Make sure the cardholder knows and approves the transaction, and keep your receipt for your records.
What is the difference between paying online and paying through an agent?
Online payment is instant and you see confirmation immediately. Paying through an agent may take a few days to reach LIC's system, and you depend on the agent to deposit the money correctly. Online payment also avoids any risk of the agent misplacing your cash or check. However, an agent can answer questions about your policy in person.
If I pay online but my policy lapses anyway, can I revive it?
Yes, you can revive a lapsed policy by paying all unpaid premiums plus interest within a set timeframe (usually two to five years, depending on your policy type). You may also have to answer health questions again. Contact LIC or log into your account to see the exact amount needed and the deadline for revival.
Does LIC charge a fee for online premium payments?
LIC does not charge a fee for paying your premium online. However, your bank or payment provider may charge a small transaction fee depending on your payment method — credit cards sometimes have a fee, while debit cards and UPI usually do not. Check with your bank before paying if you want to know the exact fee.
Can I change my payment method after I set up automatic payments?
Yes, you can update your standing instruction to use a different bank account or card. Log into your LIC account, find the standing instruction section, and edit your payment details. Make sure the new account or card is active and has enough funds on the due date, or the automatic payment will fail.