Lic Merchant Login

How to Apply For LIC Merchant
If you are looking for an LIC merchant, then you have come to the right place. They are a vital link between LIC policy buyers and the LIC itself. They not only collect premiums, but they also help consumers to lodge complaints and access the LIC system. Here are the steps that you need to take to apply for LIC merchantship. Let us begin. Read on to learn more about this important person. lic merchant if you have any questions or concerns, feel free to contact them.

LIC merchants are a link between LIC policy buyers and LIC
LIC merchants are agents who are affiliated with the IC and sell their policies to policy buyers. Once a policy buyer makes a purchase through an LIC merchant, they can access the system of the LIC and pay cash invoices. The LIC merchant portal has a payment option for online payments and the system will prompt the user to enter their account details. Once they have completed the process, the system will redirect them to the PG ID portal where they can print their payment acknowledgement. In some cases, LIC merchants can generate premium receipts by themselves.

LIC merchants work for LIC, a public company that is ranked fifth in the world by life insurance gross written premium. The company has offices in twenty-four states across India and overseas, including Fiji, Mauritius, Bangladesh, Singapore, and Sri Lanka. LIC has over 2048 branches and 1,554 satellite offices and operates in more than 120 countries. In FY21, it held a 66 per cent share in the new business premium market. Although LIC's profitability and revenue growth are lower than those of private players, it enjoys a distribution advantage. Increasing sales mix will help negate the lower-than-industry growth rates.

LIC India is a very big insurance and mutual fund company that is dealing with the people of India since more than 100 years. It is one of the oldest insurance companies that provide best of services and returns to their customers. People take up different policies from the company for which they have to pay the premium every month or 6 months or annually. For making the payment one can use the option of LIC India online payment, as it is very convenient and help in LIC policy online payment. The option of LIC India online payment means that one need not go to the LIC office and they can make LIC online payments while sitting at home or office. Hence with the help of LIC India online payment one need not waste their precious time by standing in long lines and they can easily pay their dues or outstanding premiums by using this option of LIC India online payment.

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LIC Online Payment Through Credit and Debit Card

The option of easy payment with the help of net has proved very helpful to the customers who can make the payment during any time of the day. They need not go to the LIC merchant office and make the necessary payments.

lic of india login online payment Netbanking

They collect premiums
LIC merchants collect premiums from their customers through various methods. You can pay your premium in cash at LIC agents or pay through their customer portal. To login to the portal, you need your LIC user ID and password, your date of birth, and the preferred method of payment. Make sure that you are paying premiums for a valid policy. Premiums for policies under the Salary Savings Scheme cannot be paid online.

To pay your premium online, you need to go to the official LIC website. Once you have logged in, click on 'Online Services'. You will then see a page asking you to enter your user ID and password. After you have entered these details, you will be redirected to a new page, where you can choose from two different options. Choose the one that works best for you. After filling out the form, you will see a page where you can make your premium payment.



Number of operations, that were first provided at the branch offices of LIC now are available online and the clients can avail them very easily and comfortably using internet.

The main component of the online services is the payment gateway or the PG service. It gives the facility to the clients to make LIC online payment by netbanking. The customers can pay for the renewal of premium dues using the portal provided on the website. For availing LIC online payment by Netbanking, customers have to register and get their policies enrolled. There is a particular list of the banks whose Net banking accounts can be used to make LIC online payment by netbanking. Following is the list:

Benefits The LIC online payment by netbanking facility does not require any further registration at the end of the service provider. This service is free of cost and the procedure is very secure. No data of the policy is shared among the LIC and the banks only the transaction amount is transferred.