LIC premium Through Paytm, PhonePe or Online


LIC has been providing insurance to millions of Indians.  Currently, LIC has expanded its products and to cater to the insurance and financial needs of its customers.


The main role of LIC is to collect the savings of the people through a life insurance policy and invest that money in various financial markets. One of the main functions of LIC is to invest funds into government securities so as to protect the capital of the people who have given their money to LIC.


LIC Life insurance offers many advantages that are not available from any other financial instrument. It provides the dual mode benefits of savings and security. Life insurance can be a more primary important asset to have, no matter where you are in life.


LIC payments can be done online on the LIC  authorised bank,at approved LIC agent and now in PAYTM.

Steps to pay LIC premium online through Paytm:

LIC Premium Payment with Paytm

Paid by two ways

1.Paytm app

2.Paytm official website

Steps to pay LIC premium online through Paytm:

Step1: Go to app store/Play store

Syep2: Download Pay tm app

Step3: Open the App

Step4: Create an account

Step5: Select the insurer

Step6: Enter your Policy number

Step7: Verify your policy details

Step8: Select the insurance offer and promo code

Step9: Click for Proceed payment

Step10: Choose payment method

Step11: make payment.

Note: Once the payment is successful, Paytm app will send you a message on your registered email and mobile number for your future reference.

 Paytm Postpaid service :

The  users can get digital credit instantly without any transaction, joining with administration fees. Paytm Postpaid has instant activation: with no annoyance of documentation for the activation is fully online.

  • However, Paytm says while the postpaid service can be used to pay for movie tickets, mobile and DTH, electricity bills, online shopping and travel booking, it CANNOT be used as a payment method to make insurance premium payments.

How can I pay LIC premium online?

  • We can pay premiumsthrough the insurer’s website, i.e go to and click on ‘Pay Premium online‘ from the ‘Online Services portal’.
  • Here you can get two ways 1) Pay Direct (No need of  login) & 2) By customer portal.

Paying LIC premium online safe?

  • It is very safest mode of payment through online . There are So many ways to pay online premium of LIC. In addition you can also enroll your LIC policy in utilities bill on credit card.

How Can I pay my LIC premium through Google pay?


Step2:Go for new payment

Step3:Click on insurance

STEP4:Click on life insurance of corporation

Step5:Start the process(Get started)

Step6:Enter your policy and account details

Step7:Link your account

Step8:Pay bill



  • Step 1: You need to tap on LIC Premium under the recharge and pay bills sections.
  • Step 2: Now you need to enter your LIC policy number and email address to receive your LIC premium receipt.
  • Step 3: After entering the policy numbers and email id, PhonePe will fetch your policy details from LIC like customer name, due date, and the premium amount which you need to pay.
  • Step 4: There are various payment methods are available to pay LIC premium from PhonePe like BHIM UPI, Debit Card & Credit Card. Use any suitable method to pay your LIC installment. Once payment is successful you need to tap on view receipt to download payment receipt or slip of your premium.
  • Step 5: After this, a new screen will open that contains your LIC premium payment receipt. You can download and print the slip or save it on your phone.
  • You can download your LIC premium receipt or slip directly from your email address which you entered while linking your LIC policy to PhonePe. You can download your payment slip in the pdf form. Save it for future reference.
  • No cash backs of LIC PREMIUM paid through PAYTM but may be in the future.
  • There is no limit on payment towards LIC premium through Debit card or Net Banking.
  • Life Insurance Corporation of India will take 2 days to Contemplate the premium payment through PAYTM.

Any Queries or Doubts about the topic or still didn’t find a solution for your problem, please comment down your query and we will help you to solve the issue. Also please comment down, if you find any new way to resolve the issue.