LIC (Life Insurance Corporation of India) is one of the largest insurance companies in India. LIC is all famous for providing Jeevan Insurance to individuals, families at attractive premium costs. However, we are here talking about LIC Merchant. LIC Merchants are those individuals who work under the company to process premium collections from the customers.
These merchants work like a link between policy purchases and premium collectors. The merchants work for the company to collect premiums and update customers’ details in the system. You must have come across this article looking for a way to get logged in to the LIC Merchant Portal. Fortunately, you are in the right place.
LIC Merchant Portal
LIC Merchant Portal is created for all the LIC employees who work to collect premium from the customers. It is also for the people who work online to update the data in their records. You can access the dashboard after getting logged in to the LIC Merchant Portal Login dashboard.
Let’s have a look.
How to login into LIC Merchant Portal?
There is nothing difficult in it. You can log in using the user id and password that you have got from the company itself. Furthermore, one can follow the steps that we have given below to get logged in to the portal.
- First, one needs to visit the official LIC Merchant Portal. You can visit by clicking here.
- From the homepage, click on the LIC Merchant Login button.
- You now have to fill in the username and password on the screen. (This page is for the people who are authorized for merchants)
- After that, click on the login button.
- Within a few seconds, you will get redirected to the LIC Merchant Dashboard.
How to Reset LIC Merchant Login Password?
It happens, sometimes. We do forget the login passwords. Suppose, if you are an employee and you could not be able to get logged in to the portal? Just because you have lost the login password. Then, no need to get worried.
We have your back in such a situation. You can quickly reset the LIC Merchant Login password online by following the steps that we have given below.
- First, one needs to visit the official LIC Merchant Portal. You can visit by clicking here.
- From the homepage, click on the LIC Merchant Login button.
- On the login page, click on the reset password option.
- A new page will appear on the screen.
- You now have to fill in all the essential details that have been asked on the screen.
- Fill in the details, complete the verification.
- Set up the new password.
- That’s it.
How to Update LIC Merchant User Email?
You can update your email id in the dashboard after getting logged in to the portal. However, you can follow the quick steps that we have given below.
- First, one needs to visit the official LIC Merchant Portal. You can visit by clicking here.
- From the homepage, click on the LIC Merchant Login button.
- You now have to fill in the username and password on the screen.
- Click on the login button.
- From the dashboard, click on the profile button.
- After that, click on the edit button.
- On the next screen, fill in the email id.
- Click on the submit button. That’s it.
Note: The merchants who are not getting OTP for collecting premium payments can update their email id in the system as per the agency records.
*Email id should be the same as per the agency records.
How to become a LIC Agent?
LIC (Life Insurance Corporation of India) is one of the oldest and most trusted insurance provider companies in India. LIC (Life Insurance Corporation of India) has created an incredible trust in its customers. To be an instance, the secret of such growth is their agents.
We often call them ‘LIC Agents.’
Do you know what is the best part? The company itself provides complete training to the individual to become a LIC agent. There is no one above you. You are your boss and can work in flexible working hours.
Let’s have a look at the complete process to become a LIC agent.
Step by Step Process:
Documents Required – 1
It would be the first and essential step for becoming a LIC agent. To become an agent, one has to be a minimum of 18 years old. You will even need to obtain a date of birth certificate. You can get it made from the nearby Municipal Corporation Office.
Minimum Qualification – 2
You are required to have a minimum of a 10th certificate for becoming a LIC agent. If you do not have this certificate? Then, visit your school and ask them about this. It must be signed by the school, though.
Pan Card – 3
The applicant must need to have a pan card. It is the last form of document that is required to be eligible for becoming a LIC agent. You can obtain or apply for the pan card online. The pan card will get delivered to your postal address.
Interview and Training – 4
You have to collect all of the required documents. The next step is to visit the nearest LIC office. You need to meet the development officer over there. The officer will conduct the interview and if you are lucky enough to crack it. Then, you will undergo the training program of 25 Hours.
You will get every other information in your training program.
IRDAI Exam – 5
Once you are done with the interview and personal training program, the next step is to clear the IRDAI Exam. You need to prepare for this exam. However, you can ask for the study materials from the branch itself. They may provide you the books at no extra cost.
Last, you need to score a minimum of 40% marks in the examination to get an appointment letter for becoming a LIC agent.
Appointment Letter & intervew – 6
You have now qualified for the exam. You will now receive the appointment letter with the unique code mentioned on it. You now have to meet the development manager at the branch for completing the personal interview and further guidance.
To be precise, a specific development manager will get assigned to you, and the location of your work will get mentioned in the letter itself.
Attending Interview & Become an agent – 7
Last, the development manager will again take your interview, and this time the manager will even guide you with some practical knowledge to become a LIC merchant or agent.
The manager will get you to know all the essential information that will help you to start your journey as a merchant or agent.
*This is the detailed information to become a LIC merchant or agent. We hope it helps.
How to Pay LIC Premium Online (LIC Merchant)?
We all have to pay a premium if we opt for life insurance policies. However, making online payments are always easier for both customers and merchants.
Let’s have a look at eight different methods to pay LIC Premium.
ATM – 1
If you do not want to make the premium payment online? Then, you can complete your payment at nearby and authorized bank ATM’s. You only have to visit the particular ATM to get the premium payment done.
However, premium payments under the salary saving scheme are not accepted through ATM.
National Automated Cleaning House – 2
It is an electronic payment facility that is often used to collect automatic payments on a specific date of every month. For this, you need to fill the form for the National Automated Cleaning House and then submit it to the nearest LIC Branch.
If everything goes well, the payment will get automatically debited from your bank account.
Franchises – 3
You can make the payment through LIC authorized franchise. Some of them are:
- AP online
- InstaPay
- Suvidha Infroserve
- MP online
- CSC
Paytm – 5
You can complete your LIC premium payment using the Paytm application. For this, you need to download the Paytm application and get yourself logged in to it.
You now have to click on the insurance section over there. You will find the option to pay LIC premium. Just enter the account number, amount and go through the payment page.
You can now complete payment using various available payment options such as UPI, debit card, credit card, and net banking.
LIC Website – 6
You can complete your LIC premium payment using the LIC official website itself. For this, you need to visit the official website.
Official Website: http://www.licindia.in/
There are two methods to complete the premium payment through the LIC website. The two methods are:
- Direct Payment. (There is no need to login)
- Customer Portal.
A) Direct Payment:
This option is available for those people who do not want to register or do not have the customer portal credentials. The customer can complete four types of payments.
- Loan repayment.
- Loan interest repayment.
- Premium Payment.
- Renewal payment.
For making payment, one can follow the steps we have given below.
- First, one needs to visit the direct payment link.
- From the screen, select the direct payment option.
- On the next screen, select the type of premium payment and click on the proceed button. (In my case, I have selected advance premium payment)
- On the next screen, fill in the following information.
- Policy Number.
- Date of Birth.
- Mobile Number.
- Installment amount.
- Email ID.
- After that, click on the continue button.
- The customer now has to make payment using the available payment options.
- That’s it.
B) Customer Portal
You can complete your premium payment after getting logged in to the customer portal. This option is for those people who had already registered as a customer in the LIC Customer Portal.
They only have to get logged in to the portal. After that, they can complete the LIC premium payment using the available payment options.
Note: If you have used the direct payment option then the convenience charges of the payment gateway will be charged.
LIC Customer Application – 7
The customer can make the premium payments online by downloading the smartphone LIC customer application.
The process of making the payment is the same as making payment on the official website.
Through LIC Merchant – 8
The customer can complete their LIC premium payment with the help of a LIC Merchant agent.
Frequently Asked Questions
How to become a LIC Agent?
You need to be eligible first to become a LIC agent. For this, we have added a detailed piece of information above in this article.
We have added everything from the ‘documents required.’ to the ‘exam and interview.’ You can check it out.
Are there any fees to complete LIC Premium Payment Online?
There are no fees for completing LIC payment online. You can complete your premium payment through various payment options.
How to login into LIC Merchant Portal?
It is a quick process. You only have to visit the merchant website and fill in the login details. Furthermore, you can check out the detailed steps that we have added above in this article.
What is the difference between LIC Merchant and Customer Portal?
LIC Merchant Portal is created for the employees and agents. While the customer portal is created for the customers.
How to Reset Login Password for LIC Merchant?
There is nothing difficult. You can reset your login password for LIC Merchant online. We have added a quick guide above in this article.
Conclusion
Here we come at the end. We hope that your research for getting logged in to the LIC Merchant Portal, becoming a LIC agent, and making LIC premium payment online is over now. To be an instance, we have added everything that one needs to know about LIC Merchant Portal.
Apart from this, we have added a detailed piece of information to become an authorized LIC agent. We hope it helps. If there is anything else? You can feel free to ask us in the comments section.
Krishna Murthy is the senior publisher at Trickyfinance. Krishna Murthy was one of the brilliant students during his college days. He completed his education in MBA (Master of Business Administration), and he is currently managing the all workload for sharing the best banking information over the internet. The main purpose of starting Tricky Finance is to provide all the precious information related to businesses and the banks to his readers.
