Some of the authorised banks of LIC in India are ICICI, HDFC, and Federal bank, Corporation bank, Bank of Punjab and Citibank. You can register with these authorised banks by undertaking the following mentioned steps- You must be an account holder in the bank. Opt for net banking facility while registering with any of these banks to ease insurance transactions when required. Then you need to enter all your details of LIC with the bank so that it holds and guides you with all your payments as and when you prefer to pay your premiums. The bank gives you id and password to log in online for accessing your net banking account. All other Information can be found on any of these Banks’s official website online.