Mumbai:
As a fillip to our ongoing support for digital transactions Life Insurance Corporation of India announces waiver of convenience fee on Credit Card transactions initiated by policy holders for payment of renewal premium, advance premium, repayment of loan and loan interest with effect from December 01, 2019.
Henceforth, all digital collections will be free of charges for customers. With this initiative, LIC’s valued policyholders can transact online seamlessly, free of charges. This facility of free transactions using credit card shall be applicable to and implemented across all collecting systems (Card less payment and card dip / swipe on Point of Sale machines).
LIC customers can download the MYLIC App and avail seamless online services.