LIC Premium Collection

Life Insurance Corporation of India (LIC) is an Indian public sector life insurance company headquartered in Mumbai. It is India's largest insurance company as well as the largest institutional investor with total assets under management worth ₹41 trillion (US$510 billion) as of May 2022. It is under the ownership of the Government of India and administrative control of the Ministry of Finance.

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Importance

  • Important as it is a recurring payment model
  • Due to LIC coverage , Sahaj Mitr gets many customers
  • Important as LIC sells maximum insurance policy in India
  • Important in increasing Retailer customers and commission.

Benefits

  • Easy and Convenient.
  • Customers become loyal to Sahaj Mitr
  • Sahaj Mitr earns an attractive Commission.
  • It can be paid anytime with Sahaj Portal and Sahaj Mitr App.
  • Easy Refund process.
  • No need for Customer to visit LIC office.

Process :

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Step 1

Sahaj Mitra login into Sahaj Portal or Sahaj Mitr App with ID and Password.

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Step 2

Go to the Bill Payments Section and Select LIC Premium. Search Customer Policy Number and Fetch Bill.

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Step 3

Pay the Policy premium with Skash and give a Receipt to the Customer.

Frequently Answered Questions

  • 01

    IF balance deducted from wallet but txn id not generated.

If Txn id is not created, the amount will be refunded within 2 hours.
  • 02

    After paying the LIC Premium , where can the bill be obtained?

After successful Payment, the Bill will be sent to the customer's registered email ID.
  • 03

    After Paying the LIC Premium payment also success, if status shows Pending ?

Need to check status after 6 hours .
View All Questions

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