Can I pay LIC and private life insurance premiums using a credit card on PayCred?

Yes, PayCred supports credit card, debit card, UPI, and Net Banking payments for Life Insurance Corporation (LIC), ICICI Prudential, HDFC Life, SBI Life, Max Life, Tata AIA, and 30+ other life and general insurers.

How do I pay my ICICI Prudential or LIC policy premium online?

Simply select your insurer (e.g. ICICI Prudential Life Insurance or LIC), enter your Policy Number and Date of Birth, fetch the due premium details, choose your payment method, and complete the transaction securely.

Is insurance premium payment on PayCred eligible for tax deduction under Section 80C / 80D?

Yes. The official BBPS payment receipt provided immediately after your transaction contains the insurer ARN, transaction reference ID, and timestamp, which can be submitted as valid proof of premium payment for income tax deductions.

How quickly does the premium payment update with the insurance company?

Transactions completed via BBPS are acknowledged instantly by the insurance company server, ensuring your policy remains active and protected against lapses.

Are there any extra charges for paying insurance premiums on PayCred?

PayCred offers 100% transparent pricing. Most standard debit card and UPI transactions have zero convenience charges, while card payments earn rewarding PayCred Coins.

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