LIC Premium Online: 3 Ways to Pay & Stay Covered
Paying your LIC premium online is simple via the LIC app, website, or UPI — but missing a deadline can lapse your policy and cancel your family's financial protection. Here's how to stay on top of it.
Forgetting one LIC premium can cost more than 10 years of chai bills — your entire policy lapses
Missing your LIC premium deadline can void your entire policy coverage
Key Takeaways
Download the official LIC of India app from Google Play or App Store, register with your policy number and date of birth, and set up auto-pay or reminders.
Log into licindia.in or use BHIM UPI, Paytm, PhonePe, or your net banking portal to make one-time or recurring premium payments instantly.
Check your policy status in the LIC app under 'Policy Status' — if it shows 'Lapsed', apply for revival immediately with back premiums and interest before the revival window closes.
Paying your LIC premium online is simple via the LIC app, website, or UPI — but missing a deadline can lapse your policy and cancel your family's financial protection. Here's how to stay on top of it.
Here's what happened: LIC policyholders can pay premiums online via the official LIC portal, LIC mobile app, or third-party UPI and net banking platforms.. Policies lapse if premium is not paid within the grace period — 30 days for annual, bi-yearly, quarterly modes and 15 days for monthly.. A lapsed LIC policy loses all benefits including sum assured, bonuses, and loan eligibility unless revived within the allowed window..
What you should do: Download the official LIC of India app from Google Play or App Store, register with your policy number and date of birth, and set up auto-pay or reminders.. Log into licindia.in or use BHIM UPI, Paytm, PhonePe, or your net banking portal to make one-time or recurring premium payments instantly.. Check your policy status in the LIC app under 'Policy Status' — if it shows 'Lapsed', apply for revival immediately with back premiums and interest before the revival window closes..
Pro tip: LIC's grace period is NOT the due date — if you pay on day 29 of a 30-day grace period, your policy stays active but you lose that month's bonus accrual in some plans.
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- [1]“Life Insurance Corporation: How to pay LIC premium online and through app — Top FAQs answered” mint - money · 4 Jul 2026
This article is reported by GoCredit's Editorial Team based on the source above. GoCredit synthesises, contextualises, and adds India-borrower-relevant analysis. We are not the original publisher.