How to pay LIC Premium on Paytm?

How to pay LIC Premium on Paytm? How to pay Life and General Insurance Premium on Paytm? In your busy schedule of life, there is a possibility to forget paying the Life or General Insurance Premium. To avoid this recently Paytm launched Insurance premium payment facility.

Currently Paytm offers the Insurance premium payment option for below companies.

  1. LIC
  2. Birla Sunlife Insurance
  3. Aegon Life
  4. Bharti Axa Life
  5. Edelweiss Tokio Life
  6. Exide Life
  7. Future Genereli Life
  8. Future Genereli General Insurance
  9. HDFC Ergo General
  10. ICICI Pru Life
  11. IDBI Federal Life
  12. IndiaFirst Life
  13. Max Life
  14. Reliance General Insurance
  15. Reliance Nippon Life
  16. Religare Health
  17. Royal Sundaram General Insurance
  18. SBI General Insurance
  19. SBI Life Insurance
  20. Shri Ram Life Insurance
  21. Tata AIA Life
  22. Tata AIG General Life Insurance

How to pay LIC Premium on Paytm?

Now let us discuss on how to pay LIC premium on Paytm. Before proceeding further, first, you must have installed the Paytm App from Google Play store.

Steps to pay LIC Premium on Paytm are as below.

Step 1- Open Paytm App. Then select the icon with the name of Insurance. The screen looks like below.

Step 2- Select the Insurer of your choice. Here, I am selecting LIC.

Step 3- Now you have to enter the policy number as below.

Step 4- Automatically the policy details like Policy Number, Name of the Insured, due dates, number of installments pending and the premium amount will reflect. The premium is prefilled. You just have to cross check.

Cross check these details with your policy details. Once everything is fine, then click on proceed for payment.

Do note that your insurance company will take two working days to the reflect amount paid in your account, the premium payment date will be effective immediately.

Step 5- This will leads 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.

Step 6-Now you have to pay the payment using the options like your Paytm Wallet, Debit/Credit Cards or Internet Banking.

Step 7- On successful payment, you will see the payment details on order summary like order number and payment details etc.


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