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LIC PAYMENT

Federal Bank, in association with The Life Insurance Corporation of India, brings you an easy way of making LIC Premium Payments over the Net

Features & Benefits

Federal Bank, in association with The Life Insurance Corporation of India, brings you an easy way of making LIC Premium Payments over the Netbanking

 

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Hassle-free way to pay LIC premium online
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Extended to all FedNet customers who have LIC Policies with Quarterly, Half Yearly or Annual premium Payment
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This service is extended to all FedNet customers who have LIC Policies with Quarterly, Half Yearly or Annual premium Payment
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This is applicable to LIC Policies registered with select  LIC branches across India.

How to use ?

  • To avail this facility, all you need to have is a valid FedNet registration, and valid LIC policy/policies
  • Your registration request will be sent to LIC office for validation
  • The request will be processed within 30 days time
  • The registration status will be informed to you on the email address provided during registration
  • Thereafter when Insurance premium is due, you will be notified through email
  • User can log on any time and make payments which are due
  • Once you make the payment, the premium amount will be transferred to The LIC of India, Mumbai
  • The receipt will be sent to you directly from LIC Mumbai
  • Federal Bank will not be issuing a separate receipt. LIC will send the receipt to your address as given in the policy
  • Please note that there can be delays in processing the receipt and delivery by ordinary post
  • LIC will send premium receipts in electronic form also to the registered mail ids of customers.

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