Question 1

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

Accepted Answer

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

Question 2

Will I get an official tax receipt for Section 80C / 80D deductions?

Accepted Answer

Yes, an official BBPS tax receipt with transaction reference and timestamp is generated instantly for claiming tax deductions under Section 80C/80D.

Question 3

How quickly does the premium payment reflect in my policy?

Accepted Answer

Transactions completed via BBPS are acknowledged instantly by the insurance company server to ensure your policy stays active without lapses.

Insurance Premium Payment

Insurance Premium Payment