Now Pay LIC Premium Using Paytm; Here’s How

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Sometimes it gets very difficult for an individual to take time out of his or her time for simple things, which is why there is a higher possibility of one forgetting the simpler form of tasks as well as paying the Life or General Insurance Premium.

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To avoid this problem, Paytm recently launched Insurance premium payment facility and under this newly introduced plan. Paytm is offering the Insurance premium payment option for several number of companies including LIC, Birla Sunlife Insurance, Aegon Life, Bharti Axa Life, Edelweiss Tokio Life, Exide Life, Future Genereli Life, Future Genereli General Insurance, HDFC Ergo General, ICICI Pru Life, IDBI Federal Life, IndiaFirst Life, Max Life, Reliance General Insurance, Reliance Nippon Life, Religare Health, Royal Sundaram General Insurance, SBI General Insurance, SBI Life Insurance, Shri Ram Life Insurance, Tata AIA Life, Tata AIG General Life Insurance.

Now we will talk about how you can pay LIC premium with the help pf Paytm, but before we go there, you must install the Paytm App from Google Play store right in your phone. Take a look at the following steps if you want to pay LIC Premium on Paytm.

-The first step is to Open Paytm App. After launching the app on your phone, just click the icon that has Insurance written on it.

-After landing on the insurance page now you need to select the Insurer of your choice. Step

-Now you have to enter the policy number as below. All the policy details such as Policy Number, Name of the Insured, due dates, number of instalments pending and the premium amount automatically will reflect on your phone. Your only job then is to cross check.

-Once you confirm that every detail reflected is fine, then just click on the proceed button for confirming the payment.

-Users note that your insurance company will take two working days to amount to be reflected in your account, the premium payment date will be effective immediately.

– This will lead to the Paytm deals page where you can choose multiple free and paid deals. Here, once you select the deals, then tap on “Proceed to pay”. Otherwise, you can skip this deal pay and directly go for premium payment option.

-Now, pay the payment you have to pay by using the options like your Paytm Wallet, Debit/Credit Cards or even through Internet Banking.

– If your payment becomes successful, you will see the payment details on order summary like order number and payment details etc.

-Once you pay the premium Paytm will send you messages to your registered email and phone number for your reference.

Now with the information above you too can pay LIC Premium on Paytm by simply sitting in the comfort of your bed.



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