Are you looking for a thorough guide to help you with LIC premium payment online Paytm? If yes, you are just at the right place.
Online LIC Premium Payment is one of the most convenient and hassle-free features to be introduced by the company.
And on top of it, the comfort of making the payment through a safe platform like Paytm is like the cherry on top.
The procedure is incredibly simple as well as straightforward.
If you follow all the steps carefully, LIC loan interest payment online through Paytm will be as quick as ever.
So without any further ado, let’s get started on our guide for LIC premium payment online Paytm.
About Life Insurance Corporation (LIC)
The oldest as well as the largest insurance company of India, Life Insurance Corporation has been a prestigious name in the country ever since its establishment in 1956.
The primary goal of the company was to expand life insurance to a much broader extent and especially in rural regions.
Providing reasonable monetary cover at essentially favorable pricing is the central vision of LIC.
The network of the company spans widely with their 2048 branch offices spread throughout the country.
It is the primary choice of millions of individuals looking for insurance policies in India.
One of the nicest things about LIC is its integration with modern technology even though it was established six to seven decades back.
As a result, the company, keeping in mind the convenience of the customers, has initiated the facility of LIC loan interest payment online.
About Paytm
Paytm, as most of you would already know, is a popular application for online payments.
There is a range of features incorporated in this app that aim to ensure maximum ease and convenience for the users.
Making payments has become as easy as ever while saving up a lot of precious time!
One can pay for their electricity bills, water bills, mobile bills, Mutual Fund services, credit card payments, GAS bills, broadband services, Insurance, and much more.
Apart from these essentials, you can also book your train tickets, flight tickets, bus tickets, as well as movie tickets on this all-in-one app as well.
Paytm maintains a specific Paytm Payments Bank of its own.
This helps the users in making all their online payments such as Insurance policies, mobile recharge, booking tickets, paying restaurant bills, and others.
You will be able to use UPI as well as Paytm Wallet for the same too.
The major reason for the huge success of this application is their Cashback offers.
A large number of users love using Paytm primarily for all the cashback offers and discounts they get.
For your Online payment of LIC premium through Paytm as well, a generous amount of cashback is likely.
Apart from LIC premium payment online Paytm, the app has also collaborated with many other insurance companies as well.
Some of these include IndiaFirst Life, Birla Sunlife Insurance, Aegon Life, Reliance General Insurance, Max Life, Tata AIG General Life Insurance, SBI Life Insurance, Bharti Axa Life, and many more.
Also read – Pay LIC Payment in 2022
Through Paytm, you will be able to make your LIC premium online payment at any point in time and from anywhere.
So put all your hassle away and #PaytmKaro every time you have to make your LIC loan interest payment online.
You can make your LIC premium online payment using Paytm for a variety of plans including LIC Pension Plans, Withdrawn Plans, Insurance plan, Micro Insurance Plan, Special Plans, Unit Plans, Health Plans, and a lot more!
It is worth mentioning that LIC loan interest payment online Paytm is not the only way and you can make your LIC online premium payment through some other applications as well including GooglePay, PhonePe, Amazon, MobiKwik, FreeCharge, and many others.
However, a large number of users prefer only Paytm owing to its special on-demand elements.
How To Make LIC Premium Payment Online Paytm
Now that you are aware of the basics of LIC loan interest payment online Paytm, it is crucial to understand how to get started on the same as well.
The following is a complete guide on how to make your LIC premium online payment through Paytm:
- The first step to LIC online premium payment through Paytm is first installing the application from the App Store or Google Play Store of your mobile device.
- Once you have successfully downloaded and installed the Paytm app, you must create a new account or simply log in if you have one already.
- As soon as the main screen launches, scroll a bit and you will find the ‘Insurance’ tab in the featured column. In case it doesn’t show up on your screen, click on the option to See All and you’ll find it there.
- When you click on Insurance, a new screen will show up. Go to ‘Pay Existing Insurance Premium’.
- Now you will need to choose your Insurance Company. As you would already know, click on the LIC of India.
- Submit your Policy Number with LIC in the provided area.
- Check your policy information such as your name, policy number, the due date of your Online LIC premium payment, number of outstanding installments, as well as the amount for LIC online premium payment.
- Once you have cross-checked all the submitted information and everything appears to be fine, tap on the option of ‘Proceed For Payment’. (Note: You must keep in mind that the insurance company is going to take at least two business days to display your LIC premium online payment. The date of your LIC online premium payment will nonetheless be effective forthwith.)
- Next, you must choose from any insurance offers that are available or any promo codes that you wish to apply. This is an exclusive feature of making your Online payment of LIC premium with Paytm and will help you save on a few bucks.
- Now click on the option of Proceed for Payment and select the payment mode of your choice. You will be able to choose from different methods including Paytm Wallet, Credit Card, Debit, Card, as well as Net banking.
- Make your Online LIC premium payment.
After a successful online LIC premium payment, you are going to see your payment information in the order summary such as order number, payment mode, etc.
Once your Online payment of LIC premium is completed, Paytm is also going to notify you of successful payment on your provided email id as well as the phone number.
And that was all! These were all the easy steps of making your Online payment of LIC premium with Paytm.
LIC Premium Payment Online Paytm Offers
As we mentioned earlier, Paytm is currently among the most popular and beloved applications for a large number of users.
And a large credit for this goes to the exciting Cashback offers that the app offers.
However, it is worth noting that Paytm doesn’t provide offers for all transactions.
For LIC loan interest payment online Paytm, you are most likely going to get amazing offers, especially if it’s your first time making the payment.
The Paytm app offers plenty of loyalty as well as some promo codes for providing the best experience to the users.
All you have to do is click on the ‘My Offers’ column and check out all the promo codes that are currently available at Paytm.
Also read – Union Bank Home Loan
How can you check Paytm offers?
For checking any available promo codes at Paytm, you just have to follow the easy steps mentioned below:
- First and foremost, you will need to head to the Paytm mobile application.
- Tap on the ‘Cashback’ column that you will be able to find on the top right-hand side of your screen.
- Click on the ‘My Offers’ section for checking out all the available offers at Paytm.
- Click on the ‘My Vouchers’ section for checking out all the available vouchers at Paytm as well as their expiration date.
How can you activate Paytm cashback offers?
Follow the below-mentioned steps for activating your cashback offers at the Paytm app:
- First and foremost, you will need to head to the Paytm mobile application.
- Tap on the ‘Cashback’ column that you will be able to find on the top right-hand side of your screen.
- Click on the ‘New Offer’ Section.
- Choose the kind of offer that you wish to activate- UPI offers, Recharge offers Bill Payments and others.
- Check out the list of all offers that are available right now. Click on the ‘Activate Offer’ option on the desired offer.
- Your Paytm offer is going to be activated the moment you click on the ‘Activate Offer’ option.
In case you haven’t made your LIC premium payment online Paytm within the specified period, the company provides you with a relaxation period for making your payment.
During this period, there won’t be any additional interest or penalty added to your amount of LIC premium payment online Paytm. This period is known as a grace period.
The grace period offered by LIC for its monthly LIC premium payment online Paytm is 15 days after the due date.
For quarterly payments, as well as half-yearly or annual payments, this grace period is extended to a month after the due date.
There are plenty of benefits of making your LIC loan interest payment online Paytm.
Especially for all those people who are packed with jammed schedules, this facility is highly beneficial.
- You don’t have to go and visit the branch office to make the payment for your LIC premium. This way, you will be able to save on a lot of time as well as effort.
- The LIC loan interest payment online Paytm facility is safe, convenient, and essentially a great experience.
- You can make your LIC premium payment online Paytm from the comfort of your house or from anywhere in the country at any point in time.
- There are also various modes of payment available on LIC premium payment online Paytm including your Paytm Wallet, Credit card, Debit card, as well as net banking.
- Last but not least, in case you ever forget your scheduled due date, Paytm acts as a true savior for you. All you have to do is head to the official website of Paytm, sign in here, and fill up the provided requisite form.
There are also other ways through which you can make your Online payment of LIC premium. These are as follows:
- LIC premium online payment through Agents or Merchants
- LIC premium online payment through Franchisees
- LIC premium online payment through company’s Authorized Banks
- LIC premium online payment through the official website of LIC
The following are different modes of payment available when using the LIC website:
- Debit Card
- Credit Card
- Netbanking
You can also make your premium payment for LIC in offline mode through ATM, Nach, or Bill Pay.
Conclusion
We hope that you are now well aware of all the steps involved in making your LIC premium payment online Paytm.
The primary benefit of opting for this app and method is not only its hassle-free nature but also its timeliness.
Moreover, another notable aspect of making your online premium payment of LIC through Paytm is the cashback offers that you get by using this app.
All in all Paytm is a great way to make your LIC premium payments online and if you follow our guide rightfully, the process is as easy as ever!
Frequently Asked Questions
Is the LIC loan interest payment online facility free of Cost?
Yes, the LIC premium payment online Paytm facility is completely free of charge for all users. You don’t have to pay any additional charges or service fees for the same.
How can I check my LIC Policy current status?
If you wish to check the status of your LIC policy, all you have to do is head to the official website of LIC. Once reached there, go to the Customer Portal. Sign in here using your correct credentials.
In case you haven’t already registered, you must first click on the New User option and get done with the registration procedure.
Now after successful signing in on the portal, tap on the Policy Status tab. Click on your policy number and you will be able to check all details related to your policy.
What is the customer care number for LIC?
If you wish to reach out to the customer care of LIC for any reason, all you have to do is make a phone call to 022 6827 6827.
It is worth mentioning that their customer care services are available 24*7.