LIC Premium Receipt and Payment Online – LIC Pay Direct

With the fiscal year ending, the Tax savings is definitely the most important thing in everyone’s mind.  Most of you must have already bought insurance policies to save tax under Section 80C for the fiscal year 2018-2019 and I am confident that  out of those insurance policies, LIC will be on top of the leader board with maximum people opting for at least one policy from LIC. As you submit your tax declarations to the concerned HR department, they will also be requiring your  LIC premium receipt as the proof for the investments made.

The question that comes to mind is how do I download all the LIC premium receipts to be submitted it to the HR department. Wait!!! Before we cover on how to download and print the LIC premium receipt online, let’s first look at the online mode of LIC premium payment through LIC pay direct that is available on LIC e-Services customer portal. I hope that you are not thinking about going to the LIC Branch to get LIC premium paid certificate online.

Do you think that in today’s digital world one needs to actually go to the branch to make premium payments?  I would say – No, you really don’t need to do that.  You can  pay your LIC premium online and also get the LIC premium receipt online.

Long gone are those days when our parents used to visit LIC branch to pay their LIC premium and to get the LIC premium receipt. I have seen my parents going to the LIC office, paying premiums, collecting LIC premium receipts and saving every LIC premium receipt neatly in a file. During tax declaration period, they would produce all the neatly saved premium receipts as evidence of the investments made with LIC. There was another mode of premium payment which was very prevalent during the 80s and 90s.  We had LIC agents collecting premium from your doorstep and making the payments on your behalf.  The agents would then collect the premium receipts and hand it over to you at your doorsteps.  This was a more convenient mode since the whole process was outsourced to the agents and you would get everything at your doorsteps without going through the whole trouble.

We still have that option where the agents would make LIC premium payment on your behalf and collect the receipts.  Additionally, we now have the option of making the payments online as well.

Since you are well aware of the offline mode of LIC payment made by visiting the nearest branch, we will not be discussing them  in this article.

Let’s now look at how to make the LIC premium payment online. LIC is the largest insurer in India and has a very strong online platform where customers have the ability to manage multiple activities in terms of their account portfolios.  This includes activities such as making premium payments online through LIC pay direct, checking ones LIC policy status online, and downloading and printing of LIC premium receipt.

With the online option, one can  get the LIC premium paid certificate for the policies which were bought on behalf of their spouse or children.  Also, you can pull out the certificates for the past  3 financial years. Since most of you must have already paid your LIC premiums by now, let us first look at how can we  generate LIC premium receipt. Secondly, we will cover the topic on how to make LIC premium payments online with/without the registration.

The first question that crops up in one’s mind is –

Can I download the LIC Premium Receipt online without login or registration?

No, you cannot download the LIC premium receipt online without Logging to the website. If you are already registered with LIC, you can directly login by entering your user name, password and date of birth.

Also, you can not download LIC premium paid certificates online without registration. You can get a copy of the LIC premium receipt by visiting to the nearest branch in case  you do not want to register or login online.

For generating the  receipt from the branch, you will only require your Policy number.

Now let us look at the step by step process to download your LIC Premium Receipt online

• Visit the portal of LIC India i.e. licindia.in
• Go to the customer portal of LIC
• When you click on customer portal of LIC, you would be given 2 options
  • Registered User
  • New User

LIC Premium receipt for Registered user:

• If you are already a registered user, you can directly login into the portal.
  • For a registered user – You will require the following information to complete the login process – User name /email id / mobile no. along with the  password and date of birth
• LIC Online Registration
  • For a non registered user, you will need the following details to complete the registration process :
    • Policy Details
    • Premium Details
    • DOB
    • Mobile number
    • E-mail id
    • Aadhar and Pan Card details

Once you fill in the required details, you are ready to generate your LIC premium receipts online. LIC e-Services login portal will show you the details of you own policy, as well as your spouse’s and children’s policy and all other policies.

If you have more than one policy, you need to add the policies to your registered User ID.

To download the LIC premium receipt, you need to click on the policy for which you need to generate the receipt.  . This will show you the receipts for the past 3 years which includes the current financial year and the two previous financial years. Choose the current financial year, download the LIC e receipt on your desktop or mobile and shot it to print. Receipt would be in the form of PDF

You are ready to submit your premium receipt for tax exemption under Section 80C.

Also Read: Check LIC Policy Status Online

Now that we have covered the mode of generating LIC Premium receipts for your policies, let’s go back to the question – How do I pay my LIC premiums online? The first question that comes to our mind is –

Can I pay my LIC premiums online without registering  or logging into the portal?

Yes, you can make LIC premium payment online without registration or without logging into the LIC portal. LIC’s website  gives an individual an option to pay their premiums through one of the following modes without the requirement of logging into one’s account through Pay Direct option.  The mode of premium payment includes –  Credit cards, Debit cards, online transfer etc..

Registered User

If you want to pay your LIC premiums online by visiting the Customer Portal, , please refer the steps listed above for the LIC premium receipt.

For New User- You will need to register your policy number to your account as mentioned above for generating LIC premium receipt.

LIC e-Services Online payment

Once you login into the e-Services portal, there would be an option of online payment under My Apps. Click on Online Payment and you areall set to  pay your premium online

LIC Pay Direct – Online Premium Payment without Registration

You can also pay your LIC premiums online through LIC Pay Direct and that too without the registration. Yes, you read that correctly.  You do not need to register to pay premiums through LIC Pay Direct.

Here is a step by step process to pay LIC Premium Online through LIC Pay Direct –

• Go to LIC India Portal
• Click on the Customer Portal on the left hand side of the screen->Click on New UserOn the right hand side, you will find the option of Pay Direct
• Click on Pay Direct

Please note that if you are searching the same on LIC’s mobile portal, you will find Pay Direct in Quick Services

There are three options listed in the drop down menu

• Renewal Premium/Revival
• Loan Repayment
• Loan Interest Payment

Click on Renewal Premium/Revival

This will list out the simple steps to complete the Premium payment namely –

• Customer Validation
• Premium particulars
• Payment

The first step would be Customer validation.  For completing this validation process you will need the following information as listed out in the validation form –

• Policy Number;
• Premium (Excluding Taxes);
• Date Of Birth;
• E-mail Id;
• Mobile Number; and
• Captcha

You need to fill in all these details and then  click on I Agree.

You will be redirected to Premium Particulars with Premium and Tax Bifurcation.

Accept all the details listed and you would be redirected to pay premium through Credit or Debit card.

How to check LIC Premium Payment Status online

When you click on Pay Direct there is an option on the right hand side of the screen where you can View Transaction Status after filling in three essential details pertaining to your policy.  This will help you check  your LIC Premium Payment Status.  The details include –

• Policy Number
• Transaction Date
• Transaction Type

We have tried to cover the entire process of paying your LIC premiums and generating the premium receipts online.  However, there are some readers who still face some challenges while trying to make payments.

Here are few FAQs that will help you to resolve your problem.

Can I make LIC payment online through Billdesk facility?

Yes, you can make LIC payment online through Billdesk.  However, you will need to register your policy and bank details with Billdesk. After the registration process is complete, you can proceed ahead with the payments.

How do I pay LIC premium online after the due date?

You can pay your LIC premium online after due date has passed only in cases where your policy is still within the grace period. If your policy has lapsed you will not be able to pay the premiums online. In that case, you need to visit the nearest LIC branch.

Can we make LIC premium payments online through other alternate mediums such as Paytm?

Currently, there is no option to make premium payments online through Paytm because Paytm does not currently show the option of paying LIC premium.

LIC’s Old Portal

LIC has revamped its portal completely. Furthermore, most of the articles that you will find on Google.com for generating LIC policy receipt and making premium payment are  according to the old portal.

The latest portal of LIC definitely better and is more user friendly than the old one.

Can I get LIC premium Paid Certificates online even in cases where I have paid the premium offline?

Yes, you can definitely download LIC Premium Paid Certificates online even in cases where you have paid the premium offline. Once you complete your registration, the portal provides for an option to view the  details of payments made – both online and offline.

LIC Premium duplicate receipts online

I had paid the premium at LIC office and lost the premium receipt. Can I get the duplicate copy of LIC premium receipt online?

Yes, you can get duplicate copy of LIC premium receipts online. All you need to do is download the premium receipt and print it.

I am trying to pay premium online but every time it is showing: Premium cannot be paid for this policy. Please check the policy details entered and try again.

You can not pay LIC premium online if your policy is in lapsed stage. In that case,You need to visit the nearest LIC branch office to pay the premium.

Or Fill in the details as mentioned in LIC policy. Sometimes you may fill the premium amount inclusive of taxes while what it asks for is premium excluding taxes.

So it is better to keep you policy details handy with you while filling in the details.

I forgot my LIC password

If you have lost your password, you need to send an email to [email protected]
with your Name, Policy number, DOB and Address. For LIC e-services Login Id

You will receive your LIC User Id within 48 hours, after filling in User Id and DOB. Also,you can change your password

Will this premium paid certificate generated online be considered as relevant receipt for availing tax exemption under Section 80C, since I had paid the premium through an alternate channel? Moreover,  I do not have the physical copy of the receipt since I ended up misplacing it somewhere.

Yes, the premium paid certificate generated online is considered as a relevant receipt for availing tax exemption under Section 80C.

How to get reminder notification emails to pay the LIC premium when it is due?

You generally do not get a reminder notification from LIC. It is better to set a reminder in your  mobile.

While trying to generate LIC premium receipts printout, I have followed all the steps listed. However, when I click on ‘PrintTthis Page’ I am only able to generate blank pages and the details are not getting printed.  I have checked my  printer and it is working perfectly fine since I am able to generate other printouts too. Can you give me an alternate solution?

• Please check if pop-ups are allowed. It will show blank page if pop-ups are not allowed.
• Also, please ensure that you have installed the latest version of Internet Explorer/Chrome/Safari/Mozilla Firefox

Is GST on LIC Premium payment based on premium amount?

There are different GST rates applicable on your investments depending upon the investment amount and life cover amount.

Can I pay my spouse’s or children’s  insurance premium and get the receipt?

Yes, you can pay it online by using credit card,  debit card, or net banking and get the LIC premium receipts online.

LIC Premium payment online through Pay Direct – Credit/Debit Card Charges

You can use the following Credit Card/Debit Card or online internet banking facility to pay the LIC premium online.

Also, Here are the Charges for different modes of online payment

CARD	ISSUER	Transaction limit	Convenience Fee
Visa/MasterCard	AXIS Bank	No Upper Limit	Nil
Visa/MasterCard	All banks other than Axis	1 lac

Amount of Transaction	Convenience Fee
Rs. 0 to Rs. 5,000	Rs. 20 + taxes as applicable
Rs. 5,001 to Rs. 10,000	Rs. 45 + taxes as applicable
Rs. 10,001 to Rs. 25,000	Rs. 80 + taxes as applicable
Rs. 25,001 to Rs. 50,000	Rs. 190 + taxes as applicable
Rs. 50,001 to Rs. 1,00,000	Rs. 350 + taxes as applicable

AMEXAMEXNo Upper Limit

Amount of Transaction	Convenience Fee
Rs. 0 to Rs. 5,000	Rs. 18 + taxes as applicable
Rs. 5,001 and above (No upper limit)	Rs. 35 + taxes as applicable

 

• Domestic Cards issued by all Banks – if enabled by the issuer
• International cards not acceptable

In conclusion, this is the way you can pay your LIC premium online and get LIC Premium receipt.