PhonePe UPI: Pay LIC of India Policy Premium using Unified Payments Interface
In this video I talk about how you can pay your Life Insurance Corporation of India's Policy Premium using BHIM UPI or Unified Payments Interface.
Follow these steps in order to do so:
1. Open PhonePe app on your mobile/tablet device and then click on LIC/Insurance.
2. On the second page which displays a list of insurance companies, tap on Life Insurance Corporation of India.
3. Enter your policy number and an active email address on the next page. On this email address only your premium payment receipt will be sent, so make sure that it is valid and active.
4. On the immediate next page, you will be able to see following details:
Customer/Policyholder name
Policy Number
Due date for premium payment
Total amount due
Match all the details with the policy document/past premium receipts and make sure that everything is correct.
5. Select the bank account under BHIM UPI tab using which you want to pay the policy of your premium and tap on PAY BILL button. On the next page you are required to enter your 4/6 digit UPI PIN.
6. If your UPI PIN is correct then money will be deducted from your bank account and PhonePe will deposit it into your insurance company's account. You should receive a receipt for your premium payment on the email ID provided by you.
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Music Credit: ACOUSTIC BREEZE (ROYALTY FREE MUSIC) by Benjamin Tissot : https://www.bensound.com/
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