Don’t go to the LIC branch office or any agent to pay a Life Insurance premium, Just login to your Phonepe app and complete your LIC payment from your wallet balance or with a linked bank account or credit, debit, or IB source; check how to find the receipt for LIC premium paid and any discount offers for LIC payment.
Life Insurance Corporation of India, well known as LIC of India, is owned by the government of India. In this corporation, the citizens of India can register policies under their name or someone in their family, which can be used as a return back after premiums are paid. This article will learn more about how you can make your payments through PhonePe for LIC.
We used to pay the payments for LIC via an agent or by directly going to a branch office. Still, as the LIC modern online premium payment methods have increased, payment making has become more accessible. You might have already installed the app Phone Peon on your Smartphone and might have used it previously as well, and in the same manner, you can make LIC premium payment with the Phone Pe app directly.
PhonePe, as you know, has become a famous UPI payment application all across India with more than millions of transactions occurring every day, and to enable the swift payment of LIC premium for all the LIC customers, it has launched in the app payment section.
Through this, you can directly make any premium payment for LIC Premium via Phone Pe right away, which is a lot easier method than making Internet Banking transactions.
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How to Pay LIC Premium Outstanding with PhonePe
- Open Phonepe application on your mobile (If not installed, try to install first).
- Scroll down and go to Recharge & Pay Bills section.
- Have a look at the LIC Premium icon and click on that.
- Enter your LIC Policy Number.
- Submit Email id.
- Click Confirm.
- Your outstanding premium due will be displayed (If not having any due, it shows an error as a display message for not having any premium due under your policy).
- Select Confirm and Pay Now with your required payment gateway.
Will I get PhonePe LIC Payment offers during payment?
It depends on the offer if there is one as per Phone Pe, and if there is no offer for the LIC Premium payment during that month, then there will be no offers for the amount you make.
Is there a discount offer for LIC Premium payment via PhonePe?
There can be a discount for users who want to make LIC Premium payments via Phone Pe, but you have to check with the PhonePe offers page. If there is any, you will avail of the discount, and a the same time, the discount associated will be rewarded in the cashback to your PhonePe account directly that will be redirected to the bank account.
Why didn’t I find my LIC Premium payment receipt on PhonePe?
You cannot find your LIC Premium payment receipt on PhonePe because the application is only your payment method. You will receive payment details and transaction numbers associated with Phone Pe. You can find the premium receipt from LIC India official website directly.