How Can I Pay My LIC Premium Through Bhim App?

What happens if I dont pay my LIC premium on time?

If you do not pay your life insurance premium on time, do not worry.

It can be paid during the Grace Period which is usually 15 to 30 days from the premium date.

In case, you do not pay the premium during the grace period, your policy will lapse.

You can revive it within three years..

What is LIC grace period?

The grace period for policies where the premium payment mode is monthly is 15 days from the due date. The grace period for policies where the premium payment mode is quarterly, half-yearly or yearly is one month but not less than30 days.

Can I pay LIC premium by Google pay?

Follow these steps to pay LIC Premium through Google Pay. Step 1: First, open Google Pay app on your device. Step 2: On the home page you need to tap on + New Payment to pay your LIC premium. … Step 3: On the next page, tap Bill Payments option.

Why can’t I pay my LIC premium online?

Unable to make payment online Policy is in lapsed condition, which is generally after 6 months from last premium due date. In such case, kindly contact nearest LIC branch for revival of policy.

Is Bhim app safe?

“BHIM uses three-factor authentication and hence, is relatively more secure from a consumer point of view. It also combines the convenience of a mobile wallet with the security of net banking,” he said. … The BHIM application will also not work on a phone which doesn’t have a SIM card.

Is Bhim a Govt app?

Now BHIM is a privately owned application: it is run by NPCI, which is a private entity, owned entirely by banks, and is not a public sector unit or agency. Still, the government announced a promotion scheme for BHIM during the Union Budget, which the Prime Minister launched in April 2017.

Which bank supports Bhim?

Banks Live on BHIMSr. No.Bank Name1Abhyudaya Co-op Bank Ltd2Adarsh Cooperative Bank Ltd3Airtel Payments Bank4Allahabad Bank161 more rows

Can I pay others LIC premium online?

LIC Online Payment via Credit/Debit Cards Other than net banking, you can also use your credit/debit card to make the LIC online premium payment. … After entering all the required details, click on the option of ‘Pay’. A payment receipt will be generated and will be sent to your registered email address with LIC.

How can I pay LIC premium without paying?

Here is how you can pay your LIC premiums using your credit card: Step 1: Log in to LIC’s website: visit To make the payment you have to make sure your policy(s) is enrolled with the insurer. Once it is done, click on the link ‘Pay Premium Online’ to see the list of policies where the premium is due.

Can I pay LIC premium through Amazon pay?

You can pay your insurance premium through website, mobile site and mobile application (collectively, “Amazon”). Go to the Amazon Pay page and click on Insurance Premium option.

Can I pay LIC premium late?

If you do not pay the premium of your LIC policy on time or within the provided grace period, then your policy lapses. However, you can revive your lapsed policy within policy term subject to the formalities of revival that should be observed.

How can I pay LIC premium online by late fee?

To pay premiums through the insurer’s website, visit and click on ‘Pay Premium online’ from the ‘Online Services portal’. Here you will get two options: a) Pay Direct (Without login) and b) Through customer portal. This is an option for those who do not want to register with the portal.

How is LIC maturity amount calculated?

Details of your Plan:Sum Assured (A): = Rs. 5,00,000.Total Bonus Amount on Maturity (B): * = Rs. 1000.Maturity Amount (A+B): = Rs. 35,000.Period of Maturity = Dec, 2021.

On which app can I pay my LIC premium to get cashback?

Pay your LIC payment online using Amazon Pay UPI & get guaranteed cashback in your Amazon pay balance. You can also use Amazon Pay balance on LIC premium payment. So, Friends read carefully each step and earn genuinely cashback on insurance premium payment.

Can I pay LIC premium online after due date?

Yes, you can pay your LIC premium online after the due date, but it will attract a late penalty fee @ 8% (minimum of ₹5).

Can I transfer my Amazon pay balance to my bank account?

Currently it isn’t possible to transfer funds from your Amazon Pay balance: Money to a bank account or a different Amazon Pay balance account.

How do I pay my Bhim app?

Send money by entering UPI ID , account number, aadhaar or by scanning a QR.Request money from other UPI users by entering their UPI ID.Make payments quicker by scanning the QR of the person you want to send money to. … Your UPI passbook on your fingertips. … Manage your UPI profile here to switch your UPI ID.More items…

Can I pay my LIC premium through credit card?

Enter Policy Details and Pay using NetBanking or Debit/Credit Cards. This facility is available for all non-ULIP policies. Now the payments can be made using VISA/Master Credit Card (Domestic Only) with some convenience charges.