The most important thing required for an insurance policy to continue is to pay the premium of the plan on time. When you buy a health or life insurance plan from LIC or Life Insurance Corporation of India, the smoothest way of paying the premium is through LIC Merchant. Let us take a look at the LIC merchant portal.
So, what do you mean by LIC Merchant portal? Have you ever thought of paying a LIC premium through the LIC Merchant portal? Read on to know all about it in this post.
LIC Merchant is a trustworthy and reliable source to pay LIC premiums as these merchants are appointed by LIC of India. Further, to make it an efficient and hassle-free premium payment, LIC of India has developed a ‘Merchant Portal’ where every task related to premium collection is carried on through online mode. The merchants collecting the LIC premiums can login to the merchant portal to carry on functioning smoothly.
What do you Understand about LIC Merchant and their Role?
LIC Merchants are people who are appointed by Life Insurance Corporation of India. These merchants are supposed to collect LIC premiums for life insurance and health insurance offered by LIC. Hence, these merchants serve as a connection between the LIC policyholders and the company.
The LIC Merchant Portal is a premium collection portal where LIC merchants can login to carry on the premium payment tasks. To login to the portal, a user can use his/her User ID and Password.
Besides collecting premiums, the portal is also used by merchants to view and modify details using various tools available there.
The post contains details on the way the portal runs and how one can login to the merchant account. However, a user would require a login ID and password to login to the merchant account. If you have created and forgot the password of your account, you can follow the steps below to recover the password and login
How to Login If one forgets Password?
If the merchant forgets his/her password, the person can recover it by following the below steps:
- Go to the official LIC website
- Under the ‘Online services’ click on the tab of ‘Merchant Portal’
- Now click on the tab of ‘Login’
- Search the ‘Forget Password’ tab and click on it
- Submit your email ID and User ID and click on the button of ‘Mail New Password’
- You will receive an email on your email ID with the new password
- Now, enter the new password and proceed further
Process to change password of LIC Merchant Account
Here are some simple steps to follow to change the password of LIC Merchant Account:
- Go to the official LIC portal
- Under the ‘Online services’ click on the tab of ‘Merchant Portal’
- Now click on the tab of ‘Login’
- Look for ‘Change Password’ tab and click on it
- Submit your ‘Username’ and ‘Password’ that you are currently using
- Now, submit the ‘New password’ you want and confirm it by clicking at the ‘Confirm Password’ button
- Finally, tab on the ‘Reset’ button
You can use your account ID and password to login to the merchant portal freely as mentioned below.
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How to Login to LIC Merchant Portal?
Below are the steps to login to the LIC Merchant portal easily:
- Visit the official portal of LIC of India. On the left-hand side, you can see the tab of ‘Online services’
- Under the ‘Online services’ tab, go to the ‘Merchant Portal’ and click on it
- You will see a ‘Login’ option. Click on it
- You will require your ‘Username’ and ‘Password’ to login to the portal
- So, fill in the details and click on the option of ‘Submit’ to login to the portal easily
Process to update Email ID on LIC Merchant portal
To make premium payments through Merchant portal, a user requires an OTP that is sent to your email ID. Hence, OTP and email ID are absolute necessary details that are required to handle a LIC Merchant portal account. If you don’t have an email ID or you haven’t updated it, you may not receive the OTP.
Here are the steps to follow to update Email ID and to get OPT for easy handling of LIC Merchant portal:
- Go to the LIC of India official site
- Click on the tab of ‘Merchant Portal’ under the ‘online services’ section
- Now ‘Login’ by clicking on it
- Next, click on the tab of ‘Update email ID to receive OTP’
- Submit details like your User ID, Email ID and Password
- Finally, click on the tab of ‘Update’ and it will be done
In case of any issues to login, LIC merchants can seek help from the customer care assistance by calling at 022-67090501/ 022- 67090502 or via email at [email protected] / [email protected]
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To conclude
LIC Merchant login Portal is an easy way to pay premiums and enjoy the benefits of LIC Life and Health plans in India. If you have any query related to the same or need any clarification, you can call or send an email to the customer care to get a clear idea.
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FAQs: LIC Merchant Portal
Is the LIC Merchant Portal a secure gateway to make LIC premiums?
Yes, the LIC merchant premium collection portal is a guaranteed secure gateway for making LIC premium payments.
Can I change the password of LIC Merchant Portal?
Yes, you can easily change the password by following the steps mentioned in the post above.
Is it compulsory to have an email ID if I want to pay through the LIC Merchant Portal?
Yes, it is necessary to have an email ID as you receive an OTP in your email without which it will be difficult to make payment through the LIC Merchant Portal login.
What can be done to recover the password if I forget it?
If you forget your password you can request for a new one by following the steps mentioned above. Alternatively, you can also call at 022-67090501/ 022- 67090502 or email at [email protected]/ [email protected]
Can I contact LIC portal agents if I have a query?
Yes, you can call at 022-67090501/ 022- 67090502 or email at [email protected]/ [email protected]
What is the official portal of LIC?
You can reach the official portal by visiting http://www.licindia.in/