How to Pay LIC Premium from USA
In today’s globalized world, many individuals living abroad find themselves needing to pay insurance premiums for their policies back home. Life Insurance Corporation of India (LIC), being one of the leading insurance providers in the country, has made it relatively easy for its policyholders living in the USA to pay their premiums. This article will guide you through the process of paying your LIC premium from the USA.
1. Online Payment Methods
The most convenient way to pay your LIC premium from the USA is through online payment methods. Here are a few options available:
– LIC Mobile App: Download the LIC India app on your smartphone. After logging in, navigate to the ‘Payment’ section and select ‘Premium Payment.’ Choose your policy and proceed with the payment using your preferred payment method (credit/debit card, net banking, or UPI).
– Online Portal: Visit the official LIC website (licindia.in) and log in to your account. Go to the ‘Payment’ section, select ‘Premium Payment,’ and follow the instructions to pay your premium.
– Third-party Payment Platforms: You can also use third-party payment platforms like Paytm, PhonePe, or Google Pay to pay your LIC premium. Simply add your LIC policy number and follow the payment process.
2. Bank Transfer
If you prefer a more traditional method, you can transfer the premium amount directly to LIC’s bank account. Here’s how to do it:
– Bank Account Details: Visit the LIC website and navigate to the ‘Bank Details’ section. You will find the account details of your respective branch.
– Payment: Log in to your online banking account and initiate a NEFT or RTGS transfer to the provided bank account details. Make sure to mention your policy number and the premium amount in the remarks section.
3. Cheque or Demand Draft
Another option to pay your LIC premium from the USA is by sending a cheque or demand draft to the nearest LIC branch in India. Here’s what you need to do:
– Obtain Cheque or Demand Draft: Purchase a cheque or demand draft from your local bank. Write the policy number, your name, and the premium amount on the reverse side.
– Send to LIC Branch: Send the cheque or demand draft to the nearest LIC branch in India. Ensure that the payment reaches the branch before the due date.
4. Contact Customer Service
If you encounter any issues or have questions regarding the payment process, don’t hesitate to contact LIC’s customer service. You can reach them through the following channels:
– Phone: Call the toll-free number provided on the LIC website or your policy document.
– Email: Send an email to the customer service email address provided on the website.
By following these steps, you can easily pay your LIC premium from the USA, ensuring that your insurance coverage remains uninterrupted.
