Step-By-Step Guide to Making LIC Premium Payments Online with Paytm

Introduction to LIC Premium Payment with Paytm
Benefits of Online LIC Payments with Paytm
Step-by-Step Guide to Making Online LIC Premium Payments with Paytm
– Creating a Paytm Account
– Adding Bank Account Details and Linking it to Your LIC Policy
– Selecting Your Preferred Mode of Payment
– Making the Payment and Generating the Receipt
Different Modes of Payment are Available for LIC premium payment through Paytm

Are you tired of standing in long queues to pay your LIC premium? It’s time to switch to online payment options and enjoy hassle-free transactions from the comfort of your home. And what better way than making payments through Paytm – India’s leading digital wallet. In this step-by-step guide, we will take you through the process of paying your LIC premium via Paytm, saving both time and effort. So let’s get started with our easy-to-follow tutorial!

Introduction to LIC Premium Payment with Paytm

If you’re looking to make LIC premium payments online, Paytm is a great option. Here’s a step-by-step guide to help you get started:

1. Go to the Paytm website or app and log in to your account.

2. Under the “Bills & Recharge” section, select “Insurance.”

3. Enter your LIC policy number and the amount you wish to pay.

4. Select your preferred payment method and complete the transaction.

That’s it! You’ve successfully made an LIC premium payment using Paytm.

Benefits of Online LIC Payments with Paytm

There are many benefits of making LIC premium payments online with Paytm. Some of the main benefits are listed below:

-You can make LIC premium payments 24/7 from anywhere in the world.

-The process is simple, quick and convenient.

-You will receive instant confirmation of your payment.

-There is no need to register or login to make a payment.

-You can pay using any major credit or debit card, or through your Paytm wallet.

-Payments are secure and backed by Paytm’s buyer protection program.

Step-by-Step Guide to Making Online LIC Premium Payments with Paytm

Assuming that you have a Paytm account and you are logged in, here is a step-by-step guide to making your LIC premium payment using Paytm:

1. On the Paytm homepage, click on the ‘Insurance’ tab and then select ‘LIC.’

2. Enter your policy number and the premium amount you wish to pay.

3. Check the ‘I authorize Paytm to deduct this amount from my bank account/card’ box and then click on the ‘Proceed to Payment’ button.

4. Choose your preferred payment method – either through your bank account or credit/debit card – and enter the required details.

5. Once the payment is successful, you will receive a confirmation message from Paytm as well as an email/SMS receipt from LIC.

– Creating a Paytm Account

Assuming that you don’t have a Paytm account, follow these steps to create one:

Visit the official Paytm website on your preferred browser and click on ‘Log in/Sign up’.

Enter your mobile number and click on ‘Create new account’.

A verification code will be sent to your mobile number via SMS. Enter the code in the space provided and click on ‘Proceed’.

Choose a strong password (containing a combination of alphabets, numbers, and special characters) and enter it in the respective field. Re-enter the password to confirm it and click on ‘Create Account & Continue’.

You will now be redirected to the homepage where you can log in using your newly created credentials.

– Adding Bank Account Details and Linking it to Your LIC Policy

Adding Bank Account Details and Linking it to Your LIC Policy

In order to make an LIC premium payment online with Paytm, you will need to first add your bank account details and link it to your LIC policy. To do this, simply log into your Paytm account and click on the ‘Add Bank Account’ button. From here, you will be able to select your bank and enter your account number, IFSC code, and other required details. Once your bank account is successfully linked, you will be able to make LIC premium payments online with Paytm without any hassle.

– Selecting Your Preferred Mode of Payment

There are a few things to consider when selecting your preferred mode of payment for LIC premium payments online with Paytm. First, you’ll need to decide if you want to use your debit or credit card, or if you’d prefer to use your Paytm balance. If you have a Paytm account, you can also choose to pay through your bank account by linking it to Paytm. You can also use UPI (Unified Payments Interface) to make LIC premium payments.

If you’re using your debit or credit card, you’ll need to enter the card number, expiry date and CVV code. You’ll also be asked to enter your name as it appears on the card. Once you’ve entered all the required information, you’ll be able to review the transaction and confirm the payment.

If you’re using your Paytm balance, simply enter the amount you want to pay and confirm the transaction. If you’re paying through your linked bank account, select the bank from the list and enter your login credentials when prompted. Once you’ve logged in, review the transaction details and confirm the payment.

That’s it! Making LIC premium payments online with Paytm is quick and easy.

– Making the Payment and Generating the Receipt

When you have completed the above steps, you will be directed to the payment page. Here, you can select your preferred payment method – debit/credit card, UPI, or net banking. Once you have selected your payment method and entered the necessary details, you will be able to see the amount to be paid. After confirming the amount, click on ‘Pay’.

Once the payment is successful, you will receive a confirmation message from Paytm as well as an email/SMS confirmation from LIC. The policyholder copy of the receipt will be generated and emailed to you immediately.

Different Modes of Payment are Available for LIC premium payment through Paytm

The different modes of payment available for LIC premium payment through Paytm are as follows:

– Credit/Debit Card Payment: You can make your LIC premium payment using your credit or debit card through Paytm.

– Net Banking Payment: You can also make your LIC premium payment using your net banking account through Paytm.

– UPI Payment: You can also make your LIC premium payment using your UPI account through Paytm.

– QR Code Payment: You can also make your LIC premium payment by scanning the QR code present on the Paytm website.