Life Insurance Corporation of India (LIC) is one of the leading life insurance companies in India. It offers a wide range of life insurance products to its customers. One of the most popular ways to pay LIC premium is through online banking. In this blog post, we will discuss different ways to pay LIC premium and how to download lic premium receipt.
Different ways to pay LIC premium
Online banking: This is one of the most popular and convenient ways to pay LIC premium. Customers can log in to their online banking account and make the payment using their debit or credit card.
Net banking: Another popular way to pay LIC premium is through net banking. customers can log in to their bank’s website and make the payment using their net banking account.
Mobile app: Most banks offer mobile apps that allow customers to make payments using their smartphones. Customers can use this method to pay LIC premium by logging into their bank’s mobile app and making the payment using their debit or credit card.
Debit card: Customers can also use their debit cards to pay LIC premium. They can either use the card to make the payment online or through their bank’s mobile app.
Credit card: Customers can also use their credit cards to pay LIC premium. They can either use the card to make the payment online or through their bank’s mobile app.
Cheque: Customers can also pay LIC premium by writing a cheque in favour of “Life Insurance Corporation of India”. The cheque should be payable at any branch of LIC across India.
Demand draft: Customers can also pay LIC premium by issuing a demand draft in favour of “Life Insurance Corporation of India”. The demand draft should be payable at any branch of LIC across India.
Cash: Customers can also pay LIC premium by cash at any branch of LIC across India.
LIC Account: Users can create individual accounts at LIC Website and using their credentials they can easily pay their LIC premiums.
Also read: How to Check LIC Policy Status Without Registration
Importance Of LIC Premium Receipt
LIC premium receipt is one of the most important document which proves that you have paid your insurance premiums. It is a legal document and should be kept safely. In case of any queries, this document can be produced as a proof of payment.
LIC premium receipt also helps in getting tax deductions. The amount paid as premium can be claimed as deduction under section 80C of Income Tax Act. This deduction is available for both individual and corporate taxpayers.
LIC premium receipt is a valuable document and should be kept safely. It helps in getting tax deductions and also serves as a proof of payment.
How to download LIC Premium Receipt
Customers can download their LIC premium receipt by logging into their account on the official website of LIC. Once they have logged in, they will be able to view and download their premium receipt.
First, open the official website of LIC India. Once you are on the website, click on `My Policies` tab located at the top menu bar.
Now, under My Policies tab, select `View Policy Details`. It will take you to a new page where all your LIC policies will be displayed.
Select the policy for which you want to download premium receipt and click on `Print Premium Receipt` button located at the right side of the page
After clicking on `Print Premium Receipt` button, a new pop up window will appear on your screen
In this pop up window, select the `Quarter` and `Year` for which you want to download the premium receipt. Once you have selected both the options, click on `Print Premium Receipt` button located at the bottom of the pop up window
After clicking on `Print Premium Receipt` button, your premium receipt will be downloaded in PDF format. You can open this PDF file and take a printout of it for future reference.
That’s all for this blog post. We hope you found it helpful. If you have any questions or suggestions, feel free to leave a comment below. Thank you for reading!
