LIC Policy premium payments can be done by cash, local Cheque or Demand Draft at any LIC Branches in India or Authorized LIC Agent’s Premium Collection centre across the Country. Almost all Branches are connected by the Computer Network. So no need to worry, You can go to any branch nearest to your home and pay the LIC premium by giving your name and the LIC Policy number. If your LIC premium is delayed for more than 5 months and 29 days, from the 6th Month beginning, the Policyholder needs to pay the late fee and GST for late fee also. 

LIC Policy Premium Payments at the Branch

Payment LIC policy payment at the branch is considered to be the best idea rather than giving the amount to anyone else.  LIC offices open around 10:30 AM and close at around 04:00 PM. Policyholders can walk into any nearest LIC Branch and make the payment directly and get the receipt immediately.

LIC policy premium payments through LIC online website  

Sitting at home, the LIC premium can be paid through the LIC website. https://www.licindia.in website is LIC’s official website for Premium payment, buying new LIC Policy, Update personal details etc. The LIC Website is recently updated and is very fast.