LIC Credit Card Payment

LIC takes care of the comfort of its customers, which is why it offers several modes for LIC credit card payment for both account holders and non-account holders, so they face no problem in paying their bills. LIC, in collaboration with Axis Bank, provides a number of special features through LIC credit cards. Let’s understand how you can make LIC card payment with the help of the table given below:

Aforementioned are some of the easy, popular and valid modes for LIC credit card payment. You can opt for NEFT, RTGS, etc., to make a LIC credit card online payment. For the offline methods, cash, DD, etc., could be used. Let’s further understand LIC Credit card bill payment in detail.

As an account holder at Axis bank, you must have net banking registered if you wish to make a LIC credit card online payment. It is quite easy to register for net banking, without which it is not possible to make online payments through the accounts at LIC. With the registration, you can link your credit card and can view a lot of details about the LIC credit card bill. It helps you get credit card statements, pending bills, transactions without bill payments, due dates, reward points, credit card limit, etc. The platform also offers the facility to block your LIC credit card in case you lose it. It can also be replaced if you have a credit card linked with net banking. Here are several modes of online payment:

1. National Electronic Fund Transfer (NEFT)

To make a LIC credit card bill payment, you can use any bank account that you wish to. It may be of Axis Bank or any other bank of your preference. To make sure everything goes as per the process, follow the simple steps given below:

• Log in to the net banking of your chosen bank account.

• Select the NEFT option given on the net banking account.

• You will be asked to mention beneficiary details. It includes the name as on the credit card, the bank (Axis Bank), beneficiary branch name, beneficiary account number (as on your credit card), and the IFSC code.

• After the website approves it, you can proceed further to make the payment.

2. Other Banks Net Banking

In case you choose to pay LIC credit card online through a banks’ Net banking, here’s what you need to do:

• Use the option of Billdesk LIC credit card payment.

• Now you need to mention some details like credit card number and the amount of bill you wish to clear.

• After you choose the bank from the list of banks offered, you can proceed to the payment gateway.

• Provide the details and make the LIC card bill payment.

• A confirmation will pop on the screen with a transaction reference number.

3. VISA Money Transfer

Any VISA Debit Card can be used to make LIC card bill payments. Here’s how you can do it:

• Open your bank's internet portal.

• Select the option of VISA Transfer under the Fund Transfer option.

• Proceed further to make the payment.

• Apart from the online bill payment of LIC credit card methods mentioned above, you can also go for the Axis Bank mobile application to make the payment. It can be downloaded from the PlayStore or AppStore.

Making payments directly to the outlets will never fade away. It can be one of the easiest options if you do not wish to make an online payment. By visiting the nearest branch of Axis Bank or LIC, you can make the LIC CC payment. Here are some of the methods you can use to make the offline payment:

1. Cash

Making cash payment is one of the simplest LIC credit card payment options, and you can do so by visiting the nearest Axis Bank branch. Here's how you can do it:

• Visit the nearest Axis Bank branch

• You need to ask for a form for the LIC CC payment.

• Fill and submit the form by entering card details and contact details.

• Receive the acknowledgement of the payment done.

2. Cheque or Demand Draft

Here's how you can make the LIC of India credit card payment through a cheque or demand draft:

• You need to prepare a draft or a cheque mentioning the 15 digit credit card number.

• You can present a draft or cheque in any MINC bill boxes.

• For details of the MINC box, you can refer to the LIC card website. You can also contact LIC for the same.

3. Electronic Clearing System (ECS)

Electronic Clearing System works when you submit in writing to debit your bank account for credit card LIC payment. Here's how you can do so:

• You need to submit a form in writing to either the Axis Bank branch or send it via courier.

• The total due amount or minimum due amount can be paid via this mode.

• Mention all the details carefully, including the bank account you want to debit the amount from.

The processing time for different payment methods are somewhat different. However, within a few days, the payment is made in most cases. In the table below, check out the processing time for various methods used for making the LIC credit card bill payment: