LIC Premium Payment: Every Method Explained (Online, Offline, Auto-Pay)

Missing a premium means your policy enters a grace period, then lapses if you still don't pay. A lapsed policy gives your family zero cover. In 31 years, I've helped dozens of families revive lapsed policies, and every single time the reason was the same: they forgot to pay, or they didn't know how.

Method 1: LIC online portal. Go to licindia.in, log in with your policy number and date of birth, and pay via UPI, net banking, or debit card. The premium receipt is sent to your registered email instantly. This is the fastest method.

Method 2: UPI auto-pay. Set up a mandate on PhonePe, Google Pay, or Paytm. Search for LIC in bill payments, enter your policy number, and enable auto-pay. Your premium deducts automatically every due date. This is my top recommendation for anyone who travels or has a busy schedule.

Method 3: LIC branch payment. Walk into any LIC branch, submit your premium notice, and pay cash or by cheque. You get a physical receipt. This works if you prefer face-to-face transactions or need to pay for multiple policies at once.

Method 4: Bank ECS or standing instruction. Ask your bank to set up an ECS mandate for your LIC premium. The bank debits your account on the due date automatically. This method is older but still reliable.

Method 5: LIC agent. Call me at 9415313434 and I'll arrange premium collection from your home for policies in Gorakhpur. This is especially helpful for senior citizens who can't travel.

Method 6: India Post or payment counters. LIC has tie-ups with India Post and select payment counters. You can pay at your nearest post office if you don't have internet access.

The most important thing is not which method you choose, but that you choose one and stick to it. A missed premium never gets easier to catch up on. Auto-pay via UPI is the safest insurance against forgetting.

Use our free [Policy Health Calculator](/calculators/policy-health) to check if your policy is at risk of lapsing.