The customers of LIC can not only pay their premiums but also check the transaction status online as well. The process is extremely user-friendly in nature and all one needs is an internet connection and his/her policy credentials to get the necessary information.
The processes to check one’s transaction status are given below:
Steps to make premium payments through Pay Direct
The customer can also use the customer portal to make the payment of his/her premiums or loans. The customer will have to enter his/her personal details or sign-up if he/she does not have the necessary credentials. The person, during the sign-up process, will have to enter some details as asked and click on the Proceed button. He/she can then log-in.
Once the customer is logged in, he/she will have to click on Online Payments where they can then enter details related to his/her premiums and click on Check and Pay. The next step will be completing the transaction, where the customer can choose the payment option and make the payment.
How to check the transaction status
The customer will have to click on Pay Premium Online which will direct him/her to a separate page. The customer can then click on View Transaction Status. The customer is directed to a new page where he/she will have to enter his/her policy number, the date of the transaction and the type of transaction made which can be renewal premium/revival, loan repayment, or loan interest payment. After selecting one of the options, he/she will have to click on the Submit button following which he/she can view the status of his/her transaction.
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