Table of Contents
- 1 Is there any charges if I pay LIC premium through credit card?
- 2 Can life insurance premiums be paid by credit card?
- 3 Can I pay LIC premium through Payzapp?
- 4 Can I pay LIC premium after due date?
- 5 How do I use my credit card on PayZapp?
- 6 What is the penalty for late LIC premium?
- 7 What are the benefits of having an LIC credit card?
- 8 What are the rules and regulations for LIC my Rewards program?
Premium Payments through Credit Cards are subject to a “Convenience fee”. The “Convenience Fee” applicable is entirely borne by LIC. There are no charges for payment through Debit-card, Net-banking and UPI.
One of the most traditional ways to make payments of the premium is through a cheque. You can also pay the premium by using your credit card. All you need to do is fill up the credit card instruction form which you can download from the insurance company’s website or collect it from their office.
What is CD charges in LIC payment?
At present if a remittance is received by cheque and the cheque gets dishonoured the transaction is cancelled and the CD charges of Rs. 125/- plus handling charges @ Rs. 10/- per cancelled receipt/transaction are recovered when more than one receipt is issued. The CD charges @ Rs. 125/- plus handling charges @ Rs.
Take advantage of the verified Payzapp Offers For Lic Premium Payment at the billing section to avail 10\% of on all orders.
The renewal date of a policy is exactly one year after the previous year’s premium payment date. However, in order to make the premium payments easier, an insurance company like LIC allows a grace period of 30 days for paying the renewal premium.
What is nach account?
NACH Credit is an electronic payment service used by an institution for affording credits to a large number of beneficiaries in their bank accounts for the payment of dividend, interest, salary, pension etc. by raising a single debit to the bank account of the user institution.
How do I use my credit card on PayZapp?
Steps To Make Payments Using The Three Ways Available On Payzapp
- Select ‘Pay with PayZapp’
- Next, select the card with which the individual intends to make the payment.
- Click the approve button to complete the payment.
Premium can be collected for ULIP Policies; however, premium for Health Insurance policies cannot be collected at present. Late fee is computed @8\%. Minimum late fee is Rs 5/-. Premium cannot be collected for Next Financial Year.
How do I earn points on my LIC credit card?
LIC offers a host of products that range across home, kitchen, health and lifestyle. You can earn reward points on LIC credit cards when you swipe the card for daily transactions, shopping, and making bill payments. Here is a summary of reward points you can earn from LIC credit cards:
What are the benefits of having an LIC credit card?
LIC Credit Card offers you an assured gift every time you shop by crediting your card with reward points which you can redeem in exchange for exciting products including travel – you can get full refund of surcharge on your fuel. You get 1 point for every INR 100 you spend on your card and 2 points every time you pay your LIC insurance premium.
What are the rules and regulations for LIC my Rewards program?
Rules and regulations for My Rewards 1 The credit card reward points program is a facility provided by LIC to its loyal customers who regularly utilize the LIC credit card for making purchases. 2 You must formally enrol yourself into the LIC My Rewards Program to avail of the loyalty facility. 3 LIC charges a small enrolment fee.
What is the best way to pay LIC premium?
Usually Credit card is a good way to pay for LIC, given you can stay on time & if you are salaried, you get 2 salary dates to split the money to pay back for high premium on time, back to the credit card.If you have any further