LIC Merchant Portal : Registration Process, Login, Helpdesk

Life Insurance Corporation of India (LIC) has developed LIC Merchant Portal to make premium payment simple and convenient. These LIC merchants are 100% authentic and work as the key between the LIC customers and the LIC of India. This portal allows to maintain strong relationship with its customers, along with providing registration, status check, premium information.

To ensure transparency with its consumers, this merchant portal has been created which is a completely online platform. Earlier, citizens had to face difficulties in purchasing policies and paying premiums, but through this, all the tasks can be completed without any difficulty.

LIC Merchant Portal

Portal Name	LIC Merchant Portal
Started By	Life Insurance Corporation of India
Objective	Premium Solutions or Archive for Help
launched for	Maintaining strong customer relationships
LIC Merchant Portal Login Registration	Available
Official Website	https://merchant.licindia.in/

What is LIC Merchant Portal?

LIC is the most well-known and popular insurance company in India, with a large number of customers across the country. Most citizens of the country have purchased some form of LIC insurance policy. After purchasing an insurance plan, payments must be made monthly or annually.

LIC has appointed numerous agents to sell policies, but with the advent of the portal, these policies can now be purchased online. The individuals formally authorized to process customer payments are all LIC agencies. In short, LIC merchants are the mini LIC offices for the LIC policyholders.

They have a unique website for premium collection that was developed by the LIC company. This requires the LIC Agent to have a unique username, password, and login information. The portal’s sole function is to facilitate the collection of premium solutions. Service is completed online using the LIC Merchant Portal.

Functions of LIC Merchant Portal

Apart from LIC Premium collection, the LIC merchant offer more the 50 products combinations with riders. LIC of India is continuously updating the portal to improve the efficiency of the LIC merchants. 

• Premium collection
• Generate invoices for premium collection
• Pending invoice update
• Resolve paid invoice queries
• Deposit invoice
• View and access the receipt
• Proposal generation with the cashier

How Can You Become An LIC Merchant?

Minimum Age Requirement : The first and most important requirement is that you be at least eighteen years old. To proceed, you will have to present proof of age, such as a birth certificate.

Identity Verification : It is necessary to have a valid Permanent Account Number (PAN) card.

Necessary Training : LIC will extend an invitation to a 25-hour training session to you if you successfully complete the initial interview.

Guide to LIC Merchant Portal Registration

There are many LIC Agent Partners who are earning lakhs of rupees per month by selling policies. If you also want to register on the LIC Merchant Portal, you need to follow the steps below.

• First, visit the official website of the LIC Merchant Portal at merchant.licindia.in.
• On the homepage, you will see the “Customer Portal” button. Click on it.
• After that, select “New User” to begin the registration process.
• After this an application form will open, in which all the necessary information like policy number, monthly installment plan, date of birth, mobile number, email ID etc. will have to be entered.
• After entering all the information, click the “Submit” button.
• Your registration process has now been successfully completed.

LIC Merchant Portal Login Process

After completing the registration process on the LIC Merchant Portal, you will receive a login ID and password. This allows you to log in to the portal. All agents and policyholders can pay their premiums on time.

• First, visit the official website of the portal.
• Then, locate the “Login” button on the home page and click on it.
• You will need to enter your ID and password in the login form.
• Clicking the Submit button will complete the login process.

After logging in, you can perform all LIC-related tasks. This is one of the most useful websites for citizens, making it very easy to purchase a policy.

How To Collect Premiums Via The LIC Merchant Portal?

It’s easy to collect premiums using the LIC Merchant Portal. Here’s how to do it in a couple of straightforward steps:

• From Premium Collection option choose QR Payment
• Enter the policy number and fetch premium details
• You can then click on “Submit” to generate QR.
• You can scan the QR (GPay/PhonePe/Paytm/etc.) and pay.
• Once payment is confirmed, the cashier clicks Confirm Payment Received to generate the receipt.
• If a payment is debited but not confirmed, use Adjust QR Transaction under Cashier Tools to reconcile.

The LIC Merchant Portal was created for customer convenience. It connects LIC agents and policy buyers, providing customers with premium collection information and payment details.

FAQs