What is the Grace Period of LIC Premium Payments ? How long is LIC premium payment? What happens if I miss my LIC premium payment? Life Insurance Corporation of India – Corporate Office : Yogakshema Building, Jeevan Bima Marg, P. Here’s a simple step-by-step guide on how you can go about using this facility: Once you have enrolled your policy (s), you can click on the link ‘Pay Premium Online’ to see a list of policies whose. Here are the steps to make payment online: First of all, visit the official LIC website.
You will be directed. Now, enter your UserI Passwor and Date of Birth. After that, click on Sign In. Click on Individual Policy Details link. It will take you to the next page.
The renewal date of a policy is exactly one year after the previous year’s premium payment date. However, in order to make the premium payments easier, the insurance company like LIC allows a grace period of days for paying the renewal premium. The renewal premiums are paid after the initial premium and are indispensable for the continuation of the policy. Renewal premium can be paid through Paytm App by clicking on the LIC logo under the Insurance category.
To download LIC premium receipt on Paytm App, policyholder is requested to visit “My order” section on Paytm app, select the order and click on “Download Receipt”. (more…)