The option is available in CUSTOMER PORTAL under Online Payments Tab. ONLINE LOAN REPAYMENT & LOAN INTEREST PAYMENTĪ policyholder can repay his/her outstanding Policy loan and loan Interest Payment online without visiting the servicing branch. Premium due in Next financial year can also be deposited in advance for a maximum period of three months in advance of the due date of the premium. Premium falling due upto 31st March can be collected in current Financial Year.Ģ. Policyholder can deposit the premium in advance, subject to maximum dues allowed i.e. Renewal Premium can be collected for ULIP & HEALTH Insurance Policies also.ġ. It is advisable to refrain from paying premium through this channel if the policies are already registered under BILL PAY option of Electronic Debit to avoid duplicate payment.Ħ. Acceptance of premium can be done up to 30 days before the Due Date.ĥ. However premium will be accepted online only if last NACH transaction is dishonored and NACH mandate status is pending.Ĥ. Premium for NACH mode cannot be paid online. Premium for policies under Salary Savings Scheme (SSS) mode cannot be paid online.ģ. Premium can be collected for Ordinary In force and Spot Revival allowed policies under all Plans and modes (YLY, HLY, QLY & MLY ordinary).Ģ. Premium payment facility is available to both registered as well as Non-registered customers by using PAY DIRECT option on LICs website - Relevant Conditions:ġ. Online Premium Payment is LICs initiative to provide on demand premium collection service within a few clicks! It provides for real-time payment of renewal premium dues through the LIC portal.

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