LIC OFFICE: One can pay LIC PREMIUM at LIC office by cheque or cash. It is very traditional method.
LIC’s PREMIUM POINT: LIC has opened some premium points to collect premium. It may be near to Your house. LIC agents and LIC DEVELOPMENT OFFICER can open premium points to collect premium.
Banks: Whether you are playing in Yearly/half yearly/Quarterly/monthly mode, you can pay by NACH from banks.
Online payments: LIC has given facilities to pay premium online by Debit/credit card or net banking. There are two option on LIC site , one is to register and pay ,and second option is to pay directly. Having paid premium, you will get receipt through email.
Pay tm:Now you can pay your LIC insurance premium through PayTM app also.You have to select insurer and then put in policy number. After submitting the details u can see the basic details and u can verify and proceed. Receipt will be downloaded in your phone/profile.