For every person the life insurance is important and compulsory. The insurance will provide safety to the individual and give financial support to their family members. Some people show very keen interest to secure the Life insurance policy, but the same people are not showing any interest for payment of their due premiums. Due non payment of the premiums there is a chance for the lapse of their policy. If any unfortunate event is happened to the head of the family and dies, the family have to face problems to secure the insured amount in view of the lapse of his policy. The life Insurance corporation (LIC) has provided several facilities to their policy holders for payment of their premiums on easy and convenient procedures
PREMIUMS CAN BE PAID THROUGH THE INTERNET
At present the internet facility is available at small towns of the country. Keeping in view of this facility, the LIC , has allowed their policy holders to make the premium amount through the internet. The Axis bank, Centurion Bank of Punjab, City Bank, Corporation Bank, Fedral Bank, H.D.F.C. Bank, ICICI Bank have accept the payments vide Bill junction dot com.
ELECTRONIC CLEARING SERVICE (ICS):
Now these services are made available at Hyderabad, Vijayawada, Visakhapatnam, The policy holders can request their Bank to pay their LIC premium through the ICS service. As per the request of the policy holders/and their account holders, the Bank collect te amount from their customers / policy holders account and the premium amount will be credited automatically to the LIC.
The official receipt in the matter will be sending by the LIC office. This facility is extending very shortly to the number of towns in the country.
CORPORATION BANK & AXIS BANK ATMs.
The policy holders can pay their due LIC premiums through the Corporation Bank and Axis Bank A.T.Ms. For their bank account holders the temporary receipt will be provided by the bank further the official receipt will sending by the LIC Office.
AXIX BANK ON LINE PREMIUM
The policy holders can pay their premium amounts by cash or cheque and they can obtain the receipt from the Axis bank .
BY LIC PORTAL SERVICE PAYMENT
If the policy holders have registered their names me in www.licindia.in they can pay their premiums through this service. The customers can utilize the net banking services .Now a days this facility is available with the State Bank of India (SBI) , Union Bank of India, (UBI) ABN Amro Bank, Axis Bank, Centurion Bank of Punjab, Citi Ban, k H.D.F.C. Bank, I.CI.CI. Bank, IDBI Bank, Indus Ind Bank , Kotak Bank, Punjab National Bank, State bank of Patiyala, State Bank of Indore, State Bank of Bikneer and Jaipur, State Bank of Travancore.
PAYMENT BY SMS
From the Mobile phone the LIC premium can be paid . Presently this services are provided only for the corporation bank customers The customers of the corporation Bank, can register their names and particulars in the concerned ATMs.
A.P. ON LINE
In the state at present 1,250 the A.P. on line centers are made available From these centers the LIC Policy holders can pay their due premiums and they can obtain the official receipt.