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How to pay LIC premium through a cheque

Visiting the LIC of India office, taking the challan there and writing stuff on it to pay your policy premium can be boring and tiresome (more so if it is a Monday) at times. If you are geeky enough, you would have paid the LIC premium online, but since you are at the LIC Office to pay the premium, here is what you could do next time to simplify your premium payment process.

Pay Premium using a Cheque

Instead of taking money from the ATM, filling the challan form while in the Office (loosing few places in the queue there by), just use the Cheque book that you may have received along with your Savings/current bank account. With cheque, you don’t even have to carry the LIC premium due date Intimation letter along with you.

Steps to write a cheque to pay LIC Premium

  • Cross the Cheque at the top left hand corner (that is, just strike a couple of lines across the cheque at the top left end).
  • In the ‘Pay to’ field, write LIC of India
  • Write the premium amount in letters in the place provided and in numbers in the Box provided or in a appropriate place
  • Sign at the bottom right or in the appropriate place
  • At the back of the cheque, write your name, policy number and your phone number.

Tip: If there are multiple policies in the name of a same person, all can be combined into a single cheque by adding up the premium amount (In this case, mention the total of all policies on the front end of the cheque and write all the policy numbers and its corresponding premium amount separately at the back end).

Note: The cheque will take a couple of days to clear (even more if the payment is made on a week end) so be sure to maintain sufficient amount in the account till the clearance is done.

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  1. Respected sir, I had deposited Rs.49,062/- in respect to deposit my lic policy no-21***64 on 03-08-2013. But no above amount has been received to lic of india, where is the position of issued cheque (the issued cheque was from idbi bank ltd lucknow)
    Please give me comments & reply related to above matter. Thanks. Uttam kumar.

  2. Useful information, thanks.

  3. It would be helpful if you can send me the details of premium to be paid through my email.

  4. Useful info


  5. Chandramohan Singh

    Last saturday (29/07/2012) I deposited my premium against the policy through cheque payment (amount: 14863). Unfortunately this payment was declined by my Duestche bank due to insufficient fund. I would request you to present the same cheque again to my bank, as I have sufficient fund now in my account.

    Any feedback regarding this query would be greatly appreciated.

    • Just ask your bank if its possible. If you present the same cheque again, their systems might recognize it as a declined cheque and might not process it. If not possible, just tear it off and write a new cheque, you should be okay.

  6. Pushkar dutt bhatt

    My lic no.241602812 pls send me details

  7. Thanks for the steps . It really helped when i don’t no what should be given in the “pay” column for a check sent to LIC.

  8. Hi,
    I have paid my LIC policy till last november using net banking only.
    But Since january LIC online premium payment is not working. I tried to pay my policy using net banking may times but it did not worked. I don’t what has happened to LIC. If you call at customer care nobody picks phone.

  9. Pls send me the details of premium to be paid on my mail.

    Policy No.602327848

  10. My policy number is 171734699 this is my money back policy pls advise me when i will get next money back amount


  11. Sir,
    I have a candidates in Lic- money plus but I have deposited the thirty thousand Rupees (Rs. 30,000) annually. from 2007 to 2009. I wanted to know about my status in this policy.

    My Policy No. 254435180
    Lic. date- 03/02/2007
    Proposal No- 12425
    Name- Ishwar Chand
    D.O.B.- 25/12/1977

  12. gopalsinh kalusinh chauhan

    I would like to know that what is the premium status, that is amount left for the lic policy # 836139791

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