Fill LIC premium easily with UPI, policy is easily linked on Google Pay, Paytm, PhonePe

Earlier, online premium payment could be done only using online banking and debit-credit cards, but now LIC has expanded its facilities to include premium payment option through UPI platforms like Phone Pay and Google Pay.

If you have a Life Insurance Corporation (LIC) policy and you still pay the premium by visiting the branch, then this news can make your job a lot easier. Actually, LIC gives the facility of premium payment to its policy holders sitting at home. Earlier, online premium payment could be done only using online banking and debit-credit cards, but now LIC has expanded its facilities to include premium payment option through UPI platforms like Phone Pay and Google Pay. Here we are going to tell you the step by step process of paying premium through UPI.

Fill LIC Premium with Google Pay

  1. First of all open Google Pay app on your device.
  2. On the home page, you have to tap on the bill payment option.
  3. Here by going to View All, select Insurance option in Finance and Tax.
  4. Here you will see the name of many companies. You click on LIC.
  5. Now you will see the option of Link Account. Enter the policy number and e-mail in it.
  6. Now click on Link Account and review your details.
  7. After the LIC policy is successfully linked with Google Pay, you can make the premium payment.
  8. Now whenever you tap on Bill Pay, all you have to do is click on your linked policy.
  9. UPI PIN has to be entered for payment.

Policy can also be linked to other UPI apps

Similarly, you can link your policy on other UPI apps like PhonePe and Paytm. In these apps also you have to go to the bill payment option and enter your policy number and email id. Once the policy is linked, you can pay the premium by entering the UPI PIN. When the policy is linked, you can see the premium amount, LIC premium due date and bill number.

 

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