Premium Assignment Online Payment

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You can pay the LIC premium payment either via registering as a consumer or without any registration.A few features are listed below: However, this is because LIC has mentioned it on the official website that you can make LIC premium payment only at the extension counter or the branch or you can pay either via Cheque or Cash.

You can pay the LIC premium payment either via registering as a consumer or without any registration.A few features are listed below: However, this is because LIC has mentioned it on the official website that you can make LIC premium payment only at the extension counter or the branch or you can pay either via Cheque or Cash.

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The ECS Payments service was started in the years 2004 by LIC.

Once you have opted for the ECS payment facility than the premium paid by you will get deducted from the registered bank on a predestined date and the same will be submitted to the LIC.

You can avail the facility if the customers own a bank account and the bank is clearinghouse’s member.

Some conditions to reward the ECS payment facility are given below: ECS is not available anymore. Electronic Bill Presentment and Payment (EBPP) or Bill Pay is one another free service.

Life Insurance Corporation offers a solution to pay premiums through various mode of online LIC payment.

This post will let you look into all the options made available to make payments for LIC Premium.

To trigger this facility, you should submit ECS mandate form to the LIC and authorise the bank to withhold LIC premium.

This is the most consistent and proficient means of making payment of the premium.

The insured is required to register his scheme on the site of the Banker under this service.

Banks consecutively will send your information to the Life Insurance Corporation of India (LIC).

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