Insurance, July 4 -- Life insurance is financial tool designed to protect the policyholder's family in case of their demise during the term. Purchase of insurance includes payment of premium (either one-time lumpsum or at regular intervals during the tenure) based on the terms and conditions of the policy.

In case your policy requires regular premium payment, this can be either on an annual, bi-yearly, quarterly or monthly basis. Today we explore how you can pay your Life Insurance Corporation of India premiums online and through the LIC app.

Policyholders can avoid physical visit to the LIC office by availing the 24x7 service via the portal. You can choose to make such payments using credit card, debit card, net banking, unified paymen...