You can pay your LIC premium online through the LIC website, mobile app, or authorized payment partners without visiting an office
The Life Insurance Corporation of India (LIC) lets you pay your policy premium through several online channels. You do not need to go to an LIC branch or mail a check — you can complete payment from your computer or phone in minutes. The most direct route is the LIC official website or the LIC mobile app, where you log in with your policy number and make a payment when ready. LIC also accepts payments through authorized banks and payment gateways, so you may have options through your own bank's website.
Online payment works for most LIC policy types, including endowment plans, term insurance, and money-back policies. The payment is processed right away, and you receive a digital receipt. Your premium counts as paid on the date you submit it online, not when it clears your bank account.
Key Takeaways
- You can pay LIC premiums on the official LIC website (licindia.in) or through the LIC mobile app by logging in with your policy number and date of birth.
- Payment methods include debit card, credit card, net banking, and UPI, depending on which platform you use.
- Your premium is recorded as paid on the date you submit it online, and you receive an when ready digital receipt.
- If you miss a premium due date, you have a grace period (usually 30 days for monthly premiums, 15 days for others) to pay without losing coverage, though late fees may explore.
- You can set up automatic recurring payments through net banking or standing instructions so you never miss a due date.
Paying through the LIC website
Go to licindia.in and look for the "Premium Payment" or "Online Services" section on the homepage. Click the link to pay your premium. You will be asked to enter your policy number and date of birth to log in. If you do not have an online account yet, you can create one using your policy number — LIC will send you a one-time password to verify your identity.
Once logged in, your policy details and next due date appear on screen. Select the payment method you want to use: debit card, credit card, net banking, or UPI. Enter the amount (usually your regular premium, though you can pay more if you want to catch up on missed payments). Complete the payment through your bank's find page, and you will see a confirmation message with a receipt number. Save or print this receipt for your records.
The LIC website is available 24 hours a day, though payment processing may be slower during peak hours or late at night. If your payment fails, try again with a different payment method or contact your bank to check for blocks on online transactions.
Using the LIC mobile app
read the official LIC mobile app from the Apple App Store or Google Play Store. Open the app and log in with your policy number and date of birth, or create an account if this is your first time. The app shows your policy details, next due date, and payment history in one place.
Tap "Pay Premium" and select your payment method. The app accepts debit card, credit card, net banking, and UPI. Enter the amount and complete the payment. You will receive a receipt on screen and by SMS to your registered phone number. The app also lets you set up automatic recurring payments so your premium is paid on the due date each month without you having to log in again.
The mobile app is often faster than the website on slower internet connections and works offline for viewing your policy details — you only need internet to actually submit a payment.
Payment methods and what each one requires
| Payment Method | What You Need | Processing Speed |
|---|---|---|
| Debit Card | Card number, expiry date, CVV, and PIN or OTP | when ready |
| Credit Card | Card number, expiry date, CVV, and OTP | when ready |
| Net Banking | Your bank login credentials and OTP | when ready to 1 hour |
| UPI | UPI ID and PIN (Google Pay, PhonePe, Paytm, etc.) | when ready |
| Authorized Bank Partner | Your bank account or card details | Varies by bank |
Debit and credit cards are the fastest option and work even if you do not have net banking set up. Net banking is safer for large payments because your bank handles the transaction directly. UPI is the most convenient if you use a mobile payment app already — no card details needed, just your UPI PIN.
Each payment method is encrypted and find. Your card or bank details are not stored on the LIC website — they are processed through your bank's find system. Always make sure you are on the official LIC website or app before entering any payment information.
What happens if you miss a due date
If your premium is not paid by the due date, your policy enters a grace period. For monthly premiums, you usually have 30 days after the due date to pay without losing coverage. For quarterly, half-yearly, or annual premiums, the grace period is typically 15 days. During this time, your coverage stays active, but you should pay as soon as you can.
If you do not pay within the grace period, your policy lapses. This means your coverage stops and you lose the protection your policy provides. You can revive a lapsed policy by paying all overdue premiums plus interest, but this requires a formal request to LIC and may take several weeks. It is much simpler to pay on time or during the grace period.
Late payment fees vary by policy type and how long you are overdue. Check your policy document or call LIC customer service to find out the exact fee for your plan. Setting up automatic payments is the easiest way to avoid missing a due date altogether.
Setting up automatic recurring payments
Both the LIC website and app let you set up automatic payments so your premium is deducted on the due date each month. This is called a standing instruction or recurring payment. You authorize LIC to charge your bank account or card automatically, and you never have to remember to pay manually.
To set this up, log into your LIC account and look for "Recurring Payment" or "Standing Instruction" in the settings. Choose your payment method (usually net banking or card), enter the amount, and confirm. LIC will send you a confirmation email and SMS. From then on, your premium is paid automatically on the due date.
You can cancel or change a standing instruction anytime by logging back into your account. If a payment fails (for example, if your bank account runs out of money), LIC will notify you and you can pay manually to stay within the grace period. This backup option means you still have time to act if something goes wrong with the automatic deduction.
Troubleshooting common payment problems
If your payment fails, the most common reason is that your bank has blocked online transactions for security reasons. Contact your bank to ask them to unblock LIC payments, then try again. If you see an error message like "Transaction Declined" or "Invalid Card," try a different payment method.
If you paid online but do not see the payment reflected in your account after a few hours, check your bank statement to confirm the money left your account. If it did, the payment is processing and will show in your LIC account within 24 hours. If the money is still in your account, the payment did not go through — try again with a different method.
If you cannot log into your LIC account, use the "Forgot Password" link on the login page. LIC will send a reset link to your registered email address. If you do not have an email on file with LIC, call their customer service line to update your contact details before you can reset your password. Keep your registered phone number and email current so you can always regain access to your account.
Frequently Asked Questions
Can I pay my LIC premium through my bank's website instead of the LIC website?
Many banks offer LIC premium payment through their own websites or apps as a bill payment option. Log into your bank account, find the bill payment section, and look for LIC. You will need your policy number. This works just like paying through the LIC website, though the receipt comes from your bank rather than LIC. Check with your specific bank to see if they offer this service.
What if I want to pay multiple months or years of premiums at once?
You can pay multiple premiums in advance through the LIC website or app. When you log in, you will see your next due date and the option to pay more than one premium at a time. This is useful if you want to catch up on missed payments or pay ahead to avoid future due dates. Enter the total amount and proceed with payment as usual.
Do I get a tax receipt or proof of payment for online premiums?
Yes. You receive a digital receipt when ready after you pay online, and you can read it from your LIC account anytime. This receipt shows your policy number, the amount paid, the date, and a transaction reference number. Keep these receipts for your tax records — LIC premiums may be deductible depending on your policy type and income.
What if my payment goes through but my policy still shows as unpaid?
This usually means the payment is still processing. Wait 24 hours and check your account again. If it still shows unpaid after 24 hours, log into your bank account to confirm the money left your account. If it did, contact LIC customer service with your transaction reference number from your receipt. If the money is still in your account, the payment did not process — try paying again.
Can I pay someone else's LIC premium online?
You can pay another person's LIC premium if you have their policy number, but you will need to log into their LIC account or use a bill payment option through your bank. Some banks allow you to pay any LIC policy number without logging in — you just enter the policy number and amount. Check with your bank about their bill payment options for LIC.