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Online LIC Payment Service

Online LIC Payment Service

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

 

  • 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.