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How to Make LIC Payment Online?

The Life Insurance Corporation (International), a subsidiary of LIC India, is an excellent provider if you are seeking life insurance with good coverage at affordable prices. They take note of the requirements suitable for different types of customers and simplify LIC premium payment options for ...read more them.

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As a customer, you won’t have to physically visit any of the LIC International branch offices to pay the premium. The LIC online payment facility can help you complete the process online and save time and effort.

Let’s go through the process of making LIC premium payments online and all the related details so that we can also have answers to the query of how to make LIC policy payment online.

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Different Ways to Make LIC Premium Payment Online

For all the Gulf countries it operates in (Oman, Bahrain, Kuwait, and the UAE), the company has the provision of allowing LIC online payments through Telex Transfer. In this method, you can transfer the entire amount directly to LIC International bank account. Here are the two steps how you can do it —

1. At the LIC (International) Branch Cash Counter

  • You can pay premiums in cash (AED or USD) or by cheque
  • The cheque should be drawn in favour of “LIC (International)” only
  • Receipts are issued immediately at the counter

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2. Bank Transfer (Telex Transfer) to LIC (International)

If you want to pay LIC premium online without login, you can transfer your premium directly to their bank account in the UAE.

👉 Important:

  • If you are making LIC premium payment online as the policyholder, your policy number, the Purpose of Remittance, and mobile number must be mentioned in the transfer advice. 
  • This same transfer advice has to be scanned and emailed to the LIC International branch office from where the policy was purchased.
  • Keep in mind that LIC International requires this fund transfer receipt in email to track and adjust the remittance towards the particular policy. 
  • The fund transfer receipt can be sent on WhatsApp at 00971-505498401 in addition to the policy number and registered mobile number or mailed to mail@licinternationaluae.com

Note: As a policyholder, you must ensure that the entire LIC policy payment amount is credited to their International account and not a part of it. The company has no provisions for accepting premium payments in installments.

Where to Make LIC Online Payment?

In the UAE, you can make your LIC premium payment online either in the US Dollar (USD) or the United Arab Emirates Dirham (AED). The two bank accounts for USD and AED payments are registered under the name of life insurance Corporation (International) in the Emirates National Bank of Dubai (NBD).

For UAE Dirham (AED)

Field Details
Bank Emirates NBD
Account Name Life Insurance Corporation (International)
Account Number 1014150544101
IBAN AE410260001014150544101
SWIFT Code EBILAEAD

For US Dollars (USD)

Field Details
Bank Emirates NBD
Account Name Life Insurance Corporation (International)
Account Number 1024150544102
IBAN AE490260001024150544102
SWIFT Code EBILAEAD

Take a Note: LIC International follows a conversion rate of 3.67 AED for 1 USD – policyholders must keep this in mind while transferring the amount. Policyholders can also check premium amounts, compare plans, and manage LIC premium online conveniently via Policybazaarinsurance.ae.

How Do I Know My LIC Premium Payment is Due?

LIC (International) sends premium reminders via post, SMS, and email, detailing due date, premium amount, and any late fees.

You can also do a LIC premium check via:

  • LIC (International) Customer Portal
  • LIC Intl Mobile App (Google Play & App Store)

To register, provide:

  • Policy Number
  • Date of Birth
  • Premium Amount (USD) of any policy

You will receive login credentials on your registered mobile number. (Note: In the Policyholder Code, the first 2 characters “PO” are alphabets, not numbers.)

How Will I Get My LIC Policy Payment Receipt?

  • Cash Counter Payments: Receipt is issued immediately.
  • Bank Transfer / Telex Transfer: Receipt is sent by post to your registered address.

✅ Tip for Policyholders in UAE: Always keep your receipts safe and verify payments on the LIC portal, mobile app, or via Policybazaarinsurance.ae for updated policy status.

Advantages of LIC Online Payment

With LIC online payment, you can —

  • Pay LIC premium online without login (using trusted third-party apps)
  • Make LIC premium payment online via Paytm and other UPI options
  • Keep your policy active conveniently, without visiting a branch
  • Track your LIC policy payment status in real-time

Wrapping Up

Amidst all the technological advancements and digitisation, banking and insurance have become highly convenient for us. LIC International, a renowned name in the insurance industry in the UAE, has also incorporated such advancements to facilitate online premium payments. So if you are an LIC International customer, you can pay the premiums online to keep your policy active and enjoy the complete benefits of your life insurance policy.

Also, you can connect with Policybazaarinsurance.ae, to complete your LIC premium payment online quickly. We make sure you get uninterrupted life insurance benefits without visiting any branch.

Frequently Asked Questions

How to pay LIC premium from UAE?

You can pay premiums at the LIC (International) branch counter in cash (AED or USD) or by cheque, drawn in favour of LIC (International).

How to do online payment of LIC policy?

You can pay online through the official LIC mobile app or trusted apps like Paytm, Google Pay, PhonePe, and using UPI, debit card, or net banking.

What if I don’t pay my LIC premium on time?

If the premium is not paid within the due date, your policy may lapse and benefits stop until revived. Keeping the policy active ensures uninterrupted protection.

What are the premium payment options available with LIC (International)?

Premiums can be paid monthly, quarterly, half-yearly, annually, or as a single payment. Limited term payment, advance premium (2–5 years), and lump sum commutation options are also available.

What is the currency in which policies are issued and claims settled?

Policies are issued in US dollars, but claims can be settled in any currency and transferred worldwide as per request.

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