Need A Financial Product Forums Insurance Which policies are eligible for payment of premiums through net banking/phone banking facility? LIC-policies-eligible-for-payment-of-premiums-through-net-banking-phone-banking-facility_REPLY


Narayan Rane

There are policies that are being serviced in the networked branches and the ones that can be accessed through LIC’s Metro Area Network or the Wide Area Network. There are three modes mainly Yearly, Half Yearly or Quarterly. There are payments like single premium, ordinary monthly and a salary savings schemes are not available for this facility. The policies should reflect in-force policy status and the lapsed policies or the ones due to revival are not valid.

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