Policyholders desirous of availing of this service may download the ecs. There will be a nominal fee for any credit card payment and we have given details applicable credit card charges below. At your request, you are being redirected to a third party site. But when it comes to payment of the credit card bill, it becomes difficult for those users who want to pay the bill through other banks. Dec 30, 2017 for axis bank credit card users, no need to pay any additional charges. Credit card payment pay bills of visa, master, amex. Life insurance corporation of india lic has introduced credit card payments for payment of premiums. Apr 11, 2018 step 6now you have to pay the payment using the options like your paytm wallet, debit credit cards or internet banking. Lic online payment lic premium payment online at paytm. Lic neft form and information guide for policy payment by neft. You can also make your premium payment with your debit or credit card. Lic waives off charges on credit card payments lic has said that any credit card originated payments towards renewal premium, new premium, or repayment of loan and interest on loans against the policies will not attract any additional charges or convenience fee its parlance, from december 1. You can pay various utility bills through your lic card through visa bill pay facility and avail 5% discount.
Lic premium using sbi card ic38 online mock test for lic agents. Life insurance offer icici bank credit card offers. Standing instructions also can be given to the bankservice provider to debit the account on a specific date. Credit card payment options idbi bank credit card payment. What is best site to pay lic premium online using credit. But this will depend on your billing cycle and offers on your credit card. The customers can download the mylic app to for online transactions, it added. Mar 15, 2017 learn how to register and pay your lic insurance policy using net banking or credit card. Gone are the days when credit cards were only used for buying airline tickets or. Provide your credit card details including the 16digit card number and the amount that you would like to pay.
Lic online payment through credit card lic online premium payment. Pay lic premium online lic online payment through credit. Jul 04, 2018 lic online payment through credit card lic online premium payment. Lic removed convenienceservice charges or taxes for using credit cardsdebit cards to pay premium amount at other. Gone are the days when credit cards were only used for buying airline tickets or similar large transactions. Credit card charges will also be waived on new premium, repayment of loan and interest on loans against the policies, lic said. From the list of banks, select a bank through which you would like to execute the payment. Advantages of neft system for lic policy holders annuitants. The online lic payment of premiums using credit debit cards is processed via idbi gateway. Dec 03, 2019 december 3, 2019 admin 53 leave a comment on lic policy premium payment. Oct 17, 20 yet, when you attempt to pay an lic premium online, through a debit card, heres what you see. You can check your premium and pay online through lic india.
Heres a simple stepbystep guide on how you can go about using this facility. Lic online payment through credit card lic online premium. Life insurance corporation of india payment through. On the successful payment, paytm will send you a message on your registered email and mobile number for your reference.
You can complete this transaction by using a different payment option. For lic, it will be enabled on the date of renew, and we can pay with in next one month of time. Lic pay direct this is a instant bill payment service provided by lic and idbi easy2pay payment gateway. Dont worry about your due dates for credit card bill payment as you can pay your credit card bills from anywhere and anytime on paytm. Its a convenient payment option by which you can use any bank account that offers neft facility to pay your idbi bank credit card bill online. Next, chose the type of debitcredit card and enter. Every credit card has a lot of offers and discount facilities. Demand invoice is sent and payment is received through the vendors. Pay life insurance policies lic through credit card now. Note that, the payment option will be enabled only when the payment is due. Life insurance corporation of india pay premium online lic. Do we pay more for lic policy premium paying through. Credit cards have become a very useful tool for people to complete their daily transactions like paying utility bills, paying mobile bills, buying groceries etc. Do we pay more for lic policy premium paying through credit card.
Methods of fund transfer from credit card to account online. Lic has said that any credit card originated payments towards. Amount can be paid through net banking credit card or any mode through which the payment is registered by you. Payment of mad is required to keep your card regular. Transferring money from credit card to bank account online. Faqs phone helpline policy guideline premium calculator tax benefit bonus information claim forms online payment apply now download form. Life insurance corporation of india online payment. What are the charges for the payment through bill presentment.
Where you need to pay a precessing fee and service tax. Start by logging into lics official payment gateway and select the option which says idbi. Besides, the above step, the user can also pay a premium by downloading mylic app. Jan 22, 20 but you have to pay small processing fee for lic pay direct. What is best site to pay lic premium online using credit card. Lic charges for paying with debit cards capitalmind. Pay your idbi bank credit card dues through neft national electronic funds transfer. Stamp duty registration fee maharashtra faq for stamp duty registration fee mh. Make payment to icici prudential, lic, max life, exide life and many other companies to earn reward points.
Print and download the premium payment receipt for your records. Dec 03, 2019 lic waives off charges on credit card payments lic has said that any credit card originated payments towards renewal premium, new premium, or repayment of loan and interest on loans against the policies will not attract any additional charges or convenience fee its parlance, from december 1. Under online premium payment, payment is made only through netbanking account through licindia website. Credit card bill, insurance premium to get costlier customers currently pay 15 pc service tax for such services. Lic waives off charges on credit card payments to promote digital. Savings upto 8% created at 28032017, 21 replies hot deals online indias fastest growing online shopping community to find hottest deals, coupon codes and freebies. Starting from july 1, 2017 the gst will replace all indirect taxes like service tax and vat. Now the payments can be made using visamaster credit card domestic only with some convenience charges. Incredibly, if you pay through netbanking, there is no charge. Please also note that the above emi amount will be part of the minimum amount due mad, appearing in your monthly hdfc bank credit card statement.
Lic has clarified that you can make lic premia payment online from your bank ac i. Lic removed convenienceservice charges or taxes for using. The axis bank select credit card fees are listed in the table below. You can pay lic premiums using net banking accounts with any of the following banks. The cardholder shall have the option to transfer the balances from other bank credit card to their credit card account. Use ifsc code ibkl0neft01 and add bank as idbi bank ltd. In ecsmly mode, 5% extra premium charged under normal monthly mode is. Retaining my original answer below earlier there used to be charges yes. Please acknowledge the disclaimer before proceeding further.
To promote the usage of credit cards, lic on december 1 announced that it has waived off charges on credit card payments. Similarly, icici credit card also has exciting cashback and unique offers. Pay renewal premium fees for all your icici prudential life insurance policies. Step 7 on successful payment, you will see the payment details on order summary like order number and payment details etc. You are about to access a third party site, the accuracy or completeness of the information, materials, services or the reliability of any service, advice, opinion, statement or other information displayed or distributed through it, lic credit card does not warrant. The recent initiative of lic, known as the payment gateway pg has been instituted to provide ondemand service of premium collection in a jiffy. The credit debit card payments shall be initiated in 3 simple steps. You can opt for autodebit in the card application form. For that you have to register lic as a biller request through your online banking, then wait for lic to confirm. How to pay lic policy premium online through credit card. Lic waives off charges on credit card payments lic has said that any credit card originated payments towards renewal premium, new premium, or repayment of loan and interest on loans against the policies will not attract any additional charges or convenience fee. Through this payment option premium can be paid through credit cards also. This process is conducted online with the help of idbi banks portal.
Credit card bill, insurance premium to get costlier. The customers can download the mylic app too for online transactions, it added. The policyholder can also use hisher credit debit card to make the online payment for lic premiums apart from net banking. Choose your bank account below and click on submit. Now, pay through credit cards at no extra charges to promote digital transactions, life insurance corporation or lic has waived off the convenience fee on all payments, including payment through credit cards, to the national insurer, effective december 1. Axis bank select credit card fees and charges axis bank. Now you can have many of the functionalities that have been available only in a division office, online when you need it. The is a long awaited feature, but implemented late. Lic online payment through credit card online payment gateway is lics effort to offer you with ondemand service in just a few clicks. Please enter your 16 digit lic credit card number and payment amount. Payment of credit card bills can be carried out by entering the 16digit credit card number and transferring the bill amount to the number are there any service charges for the facility. Credit card providers, banks and insurers have started alerting their customers to pay higher tax post implementation of goods and services tax gst from july 1. Icici credit card payment through neft 2020 wishfin.
This facility is available for all nonulip policies. As opposed to the traditional method of paying premiums offline, lic has established an online portal through which individuals can pay their premiums either through a debit card or a credit card. Normally, credit cards are used to pay for goods and services and it is not the prime method to get money in your savings or current accounts, but it is one of the ways to access some funds in case of urgency or to meet ones financial requirements. Today while trying to pay premium, i see that there are no charges for payment using credit cards. Pay life insurance renewal premium, link policy and get e. The payment can be made through net banking, phone banking, credit card, atm or any other mode. Paytm allows you to make credit card bill payment for the visa, master, american express amex, and diners credit card of all the major bank. Lic waives off charges on credit card payments deccan herald.