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NewBie
Not able to pay LIC premium online more than one month in advance, Is there any rule change?
I am not able to pay my LIC premium online more than one month in advance, Is there any rule change? Previously I used to pay and never faced any issue. As I need to submit premium reciept to my company for this years tax purpose by end of January.
Please help.
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NewBie
You can use below methods for LIC premium payment:
1- Premium payment can also be made through ATMs of Corporation Bank and UTI Bank.
2- Premium payment can also be made through Electronic Clearing Service (ECS) which has been launched at Mumbai, Hyderabad, Chennai, Kolkata, New Delhi, Kanpur, Bangalore, Vijaywada, Patna, Jaipur, Chandigarh, Trivandrum, Ahmedabad, Pune, Goa, Nagpur, Secunderabad & Visakhapatnam.
A policyholder having an account in any Bank which is a Member of the local Clearing House can opt for ECS debit to pay premiums. The policyholders wishing to use this system would have to fill up a Mandate Form available at our Branches/DO and get it certified by the Bank. The certified Mandate Forms are to be submitted to our BO/DO.
3- Policy can be anywhere in India: Citibank Kiosks at Industrial Assurance Building, Churchgate, New India Building, Santacruz, Jeevan Shikha Building, Borivili are dedicated for collection of premiums through cheques.
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