• 20:16 Nov 18, 2019

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Paytm teams up with LIC to allow users to pay their premiums online

By: Ajaay Srinivasan, The Mobile Indian, New Delhi Last updated : November 22, 2018 3:12 pm

With this development, Paytm now has over 30 insurance companies on its online payments platform including LIC India, ICICI Prudential Life, Reliance Life, MAX Life, HDFC Life, SBI Life, Aditya Birla Sun Life, HDFC Ergo General, Canara HSBC OBC, Aegon Life and more.
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Digital Wallet and payments company Paytm has teamed up with Life Insurance Corporation (LIC) of India to make it easy for users to pay their premiums online. The announcement comes as a parallel move from Paytm and Mobikwik, both of whom made their entry into the digital insurance market.

 

With this development, Paytm now has over 30 insurance companies on its online payments platform including LIC India, ICICI Prudential Life, Reliance Life, MAX Life, HDFC Life, SBI Life, Aditya Birla Sun Life, HDFC Ergo General, Canara HSBC OBC, Aegon Life and more. 

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Insurance premiums can be paid over at Paytm through Net Banking, Debit/Credit Cards, UPI and the Paytm Wallet. Paytm Postpaid is not available as a payment method to make your insurance premium payment. 

 

 

 

In order to make an LIC Premium payment through Paytm, users will need to select LIC India as the insurer and then enter their policy number. Upon entering the relevant details, the user will be greeted with the premium amount, due date and the instalments that are due. Users can then pick their insurance offers and promotional codes for deal and cashbacks soon after which they’ll be able to make a transaction through a payment method of their choice. 

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Tags: Paytm LIC Paytm insurance Paytm insurance premium payments Paytm insurance premium Paytm insurance payments Paytm digital insurance Paytm

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