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’.