Question: Can LIC Loan Be Paid Online?

Can I pay LIC premium by Google pay?

Follow these steps to pay LIC Premium through Google Pay.

Step 1: First, open Google Pay app on your device.

Step 2: On the home page you need to tap on + New Payment to pay your LIC premium.

Step 3: On the next page, tap Bill Payments option..

Can I pay LIC premium online after due date?

Yes, you can pay your LIC premium online after the due date, but it will attract a late penalty fee @ 8% (minimum of ₹5).

How much loan can I get from LIC?

The loan amount is given on the basis of the surrender value of the LIC policy. The maximum loan amount that can be availed will be up to 90% of the surrender value. The maximum loan amount is 85% of the surrender value for a paid-up policy. This includes the cash bonus that may be applicable to the policy.

How can I check my LIC loan status online?

Check LIC Policy Status Online (For Registered User)Step 1:You must visit the e-Service Portal of LIC. … Step 2:You will need to enter the login credentials namely, your User Name and Password.Step 3:Once you’re logged in your Services Account of LIC, you will see various options related to the account or your policy.More items…

Is there any discount on LIC premium online?

Public sector insurance companies will provide incentive, by way of discount or credit, upto 10% of the premium in general insurance policies and 8% in new life policies of Life Insurance Corporation sold through the customer portals, in case payment is made through digital means.

Can loan account be transferred?

In most cases you cannot transfer a personal loan to another person. If your loan has a cosigner or guarantor, that person becomes responsible for the debt if you default on the loan. Defaulting on a personal loan is seriously injurious to your credit score.

Can I pay LIC premium through Amazon?

You can pay your insurance premium through website, mobile site and mobile application (collectively, “Amazon”). Go to the Amazon Pay page and click on Insurance Premium option.

How can I pay my LIC loan interest through PhonePe?

How to pay your LIC of India Premium through PhonePeTo start with: Download the PhonePe app if you haven’t already and proceed as outlined below.Step 1: Open the PhonePe app and click on the ‘LIC Premium’ icon.Step 2: Enter the details, fetch the due amount and pay.Step 3: Click on ‘View Receipt’, to view and download the receipt instantly for claiming tax benefits.

Is it safe to pay LIC premium through Google?

UPI payments are secure since it requires two step verification that includes OTP Pin and even before that you have to enter PIN for Google Pay app, and another reason is that UPI payments are much easier than going for an offline direct method of LIC premium due payment.

How can I pay my LIC premium through Bhim app?

How to pay LIC Premium using BHIM UPI App.Open the website and locate the link ‘Pay Premium Online’. … If you have already registered for the e services, use the ‘pay premium through the e-services link’. … If you are using Pay Direct link the payment is done in three steps as shown in the info-gram.More items…•

Is PPF better than LIC?

The Public Provident Fund tends to provide a far superior rate of returns compared to an LIC policy like Jeevan Anand. What you should do is invest in the PPF and take a term policy online, which is cheaper and faster. In the term policy you do not get your money back, but, you are provided with solid insurance.

How can I pay my LIC premium loan online?

To pay premiums through the insurer’s website, visit and click on ‘Pay Premium online’ from the ‘Online Services portal’. Here you will get two options: a) Pay Direct (Without login) and b) Through customer portal.

How do I transfer money to a loan account?

State Bank of India (SBI)Login to BHIM SBI Pay App.Select the ‘Pay’ option.Select payment options like VPA or enter the loan account number.Enter other required details such as EMI amount, etc.Select the debit account from the linked bank accounts.Click on the checkbox to proceed.More items…

How can I check my LIC policy maturity amount online?

The LIC website states that policyholders can send the claim requirements by email. The mail should be sent to where the branch code is the servicing branch. For instance, if 883 is the servicing branch, the mail will have to be sent to

How can I login my LIC account?

Provide the following details: Visit, click on the tab “new User”, select your own user-id and password and provide all the necessary information. Now you are a registered Portal user.

Can we transfer money to loan account directly?

No! you can not, you need to pay EMI amount which is given by bank. If you are having ECS/NACH issue then you can transfer after requesting by bank employee or team. … However apart from EMI or after paying EMI you can transfer some amount which is called Partial payment which is up to 25–40% of o/s principal amount.

How can I pay my loan online?

Online Loans Payments (Using Net Banking)Select your bank. Select the bank from which you would like to make your ICICI Bank loans payments (We partner only with select banks as given in the dropdown)Provide your Loan details. Enter your 16-digit alphanumeric loan number twice. … Confirm Payment. … Receive online confirmation.

How can I repay my LIC policy loan?

You can follow any of the LIC loan repayment procedures:pay the interest along with the only the interest and principal amount can be settled with the claim amount on the interest for a few years and repay the principal when you have excess cash.