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
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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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 —
If you want to pay LIC premium online without login, you can transfer your premium directly to their bank account in the UAE.
👉 Important:
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.
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).
Field | Details |
---|---|
Bank | Emirates NBD |
Account Name | Life Insurance Corporation (International) |
Account Number | 1014150544101 |
IBAN | AE410260001014150544101 |
SWIFT Code | EBILAEAD |
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.
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:
To register, provide:
You will receive login credentials on your registered mobile number. (Note: In the Policyholder Code, the first 2 characters “PO” are alphabets, not numbers.)
✅ 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.
With LIC online payment, you can —
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.
You can pay premiums at the LIC (International) branch counter in cash (AED or USD) or by cheque, drawn in favour of LIC (International).
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.
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.
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.
Policies are issued in US dollars, but claims can be settled in any currency and transferred worldwide as per request.