LIC Online Premium Charges

Dharun667

LIC offers many different ways to pay premiums, including online. I would like to know if there are any additional charges for paying premiums online.I am not aware of any additional charges for paying LIC premiums online. I would imagine that the company would want to encourage people to use this method of payment, as it is more efficient.If anyone has any information on this, please share!

Harsh984

There are no charges for LIC premium online. You can pay your LIC premium online through the LIC website or through the LIC app.

angrygorilla

There is no charge for LIC premium online if you make the payment through ECS or NACH. If you make the payment through credit card, debit card or net banking, a convenience fee of 2.5% of the total premium amount is charged.

taara_raval

Yes, LIC charges a nominal amount as a service fee for online transactions. The service fee is charged to cover the cost of technology and processing associated with the online transaction. The service fee is not charged for transactions done through the LIC website.

taara_raval

Good Day!

Yes, LIC charges a certain amount as premium while paying online. Please find below the details:

Payment gateway charge: This charge is taken by the payment gateway while making the payment.
Debit/Credit Card surcharge: Bank may levy a charge for using their Debit/Credit Card.
Service Tax and Other Cess: Tax at the applicable rate is charged for every premium payment.
Late Payment Charges: If premium payment is made after the due date, late payment charges may be levied by LIC.

For more details on online payments, you may refer to LIC official website: https://www.licindia.in/Bottom-Links/online_payment.htm

I hope the information provided above helps you. Let me know if you have any further queries.

Thank you and have a great day ahead!

blackladybug656

Yes, LIC charges varying amounts depends on the type of plan and mode of payment and amount of premium amount being paid. The charges are as follows:

• Credit Card payments: 1.5% of the premium amount, with a minimum of Rs. 52.5 and a maximum of Rs. 525.
• Debit Card payments: 1.8% of the premium amount, with a minimum of Rs. 45 and a maximum of Rs. 1700.
• Net Banking: Nil.
• NEFT/RTGS: Rs. 30 per transaction.
• UPI/BHIM: Nil.
• Paytm: 0.75% of the premium amount, with a minimum of Rs. 15 and a maximum of Rs. 150.
• Payzapp: 0.4% of the premium amount, with a minimum of Rs. 5 and a maximum of Rs. 150.
• Cash/Cheque/DD: Rs. 15 per transaction.

For more information, you can visit the LIC website at https://www.licindia.in/ and click on ‘Online Payment Guidelines’.