Big news for millions of LIC customers! A new service launched between Corona, you will benefit in this way
Life Insurance Corporation of India (LIC) has a great deal to do with millions of customers. Policyholders have so far been getting digital payments through a mobile app or website and now a new service has been added. You can now also pay the policy premium through Paytm. The LIC facility will be a great convenience for the customers in the time of Corona epidemic.\
You do not have to go round the office to pay the premium during this period of restrictions imposed due to corona. Now you can easily pay the premium sitting at home. Let me tell you that there are many types of UPI payment gateway options for railway or air tickets. The same will be true.
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LIC entered into an agreement with Paytm
LIC already had an agreement with another payment gateway. The company has now registered Paytm for digital payments. According to sources, 17 payment platforms were bidding for this. But Paytm won the toss. Paytm has experience in many payment services.
The payment system will be simplified, there will be new options
lic
The payment process under LIC's contract with Paytm will be made easier. Policyholders will be given more options for payment options. According to a report, the company will enter into agreements with more banks and wallets for the payment channel.
The currency of digital payments has skyrocketed
Employees
Let it be known that the company is now receiving payment of insurance premium through digital medium. The pace of digital payments at LIC has accelerated since the Corona epidemic. The company gets Rs 60,000 crore in premiums through digital. This does not include premiums paid by banks. According to the report, the number of digital transactions of the company is 80 million, which may increase in the future. LIC required end-to-end encryption for payments. The agreement with Paytm is being considered good.
LIC's mobile app has an Online Payments section
paytm
Policyholders also get the option of 'Online Payments' in LIC's mobile app. For that you must first install the app on your mobile. Create your account here. Here you can register a good policy. In the Online Payments section provided in the app, Jay can pay renewal, advance, loan etc. of his premium. With it you can also download Bill Payment Receipt. In this app you can also register and make a policy with your spouse, children etc.
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