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LIC has put in place a hassle-free process to pay the interest online. All you have to do is go to the LIC India website and follow the instructions given after clicking ‘Pay direct’ or ‘Pay through the customer portal’ on the home page. Let us now look at the step-by-step guide on how to make the LIC loan interest payment online.
Steps to Make the LIC Loan Interest Payment Online
The steps given below are as of the date when this page was written. They are subject to change. Please contact LIC or refer to the LIC website for exact steps.
Step 1: Visit the LIC India website at the link - https://licindia.in/Home/Policy-Loan-Options
Step 2: Click on ‘Pay direct (Without Login)’ if you are a new user. Else, if you are an existing user, click on ‘Pay through customer portal’.
Step 3: A subsequent page will open where you can select ‘Loan interest payment’ from the list of options.
Step 4: Give ‘Proceed’ on the next page.
Step 4: Enter the details required - Your LIC policy number, installment premium without tax (In rupees), email ID, mobile number, and date of birth.
Step 5: Then, click ‘submit’
Step 6: You will be forwarded to the next page. Here, you can see details about the policy holder’s name, the outstanding loan amount due, unpaid loan interest, and the due date for making the payment of the unpaid interest amount. Give ‘Proceed’.
Step 7: On the next page, click ‘Check & Pay’
Step 8: Make the payment using the options available like credit card, debit card, UPI, etc.