Most of you must have a life insurance cover from Life Corporation of India (LIC) which is one of the leading Life Insurers in the country.
Only some of you know the choices made available by LIC to pay the premium.
Payments can be defined as fixed values (quotes), values derived from calculated fields on the agreement (order form), or customer entered values (donations).
The payments feature is available to the enterprise level of service in the NA, EU and AU datacenters.
Some features of this facility are mentioned below: Karan is CA by Qualification with the rare distinction of being awarded All India Rank 22.
He is also the founder of this website and is an expert in helping people save Taxes legally.Some features of this service are mentioned below: Some senior development officers are permitted to collect the premiums.The features of this facility are more or less equal to that of Agent’s Collection Point.Generally, Life Insurance scheme is a long-term pact between the insurer and the insured. If not, in all prospects they might skip the line of work after a few years.Therefore, it is always advised to pay the LIC premium payment on your own in time.You can pay the LIC premium payment either via registering as a consumer or without any registration.A few features are listed below: However, this is because LIC has mentioned it on the official website that you can make LIC premium payment only at the extension counter or the branch or you can pay either via Cheque or Cash.The ECS Payments service was started in the years 2004 by LIC.Once you have opted for the ECS payment facility than the premium paid by you will get deducted from the registered bank on a predestined date and the same will be submitted to the LIC.So let us talk about the available channels to make payment of the premium.It is imprudent if you trust your LIC Agent to come up to you and will collect your premium.