LIC Merchant: 101 Guide on LIC Merchant

Life insurance corporation of India, one the biggest and most successful insurance companies in India, has been working quite well with the customers based on millions. 

LIC Merchant Login 

Portal Online is available to guide you through the process of using it. Often a merchant, empowered agents, or a Senior Business associate needs to use it to make the premium payment on behalf of his clients. At such time, there is a need to head over to http://www.licindia.in/merchant/. Use Merchant ID and password to use this portal.

Few points one needs to note

Merchant ID and password are those entities received from the Central ID Department of LIC Merchant. Note that whatever transaction a person makes through Merchant ID is real; they get updated on the server of the LIC IT department. So, there is a need to be cautious about his Merchant ID and password to not use it for the all-purpose.

Successful login into his Merchant account means that the merchant gets many options to use under the account, including Cashier Login, Generate Proposal Deposit Invoice, Generate Premium Collection Invoice, and so on.

The next step one needs to proceed with creating a Cashier account. The user can do this by entering a cashier ID and password. Every record of the premium collections gets listed under the cashier account.

However, it’s worth noting that there is a limitation for the Merchant account holder. It is that he or she cannot collect more than 20 policies at a time.

When it comes to the payment mode or understanding how the payment is made, there is a need to note that there are only two options available; Cash only and Cheque and Cash. Once one provides all the necessary information, the user needs to click on “Confirm Payment” for the confirmation of the payment, and then there will be an option to print the invoices. Lic Premium collection portal login https://merchant.onlinelic.in/LICMerchant/Login/begin.do will be helping you with the entire work.

The value of using LIC Merchant Mobile App Android

Using the LICMobile Android application ensures that there will be advanced support with the premium collection made through the mobile phone. The currently working app version 1.2 has numerous features that make it stand out. Some of them are as follows:

  • Reduced Application size
  • ·Enrolled policies get listed after the customer logs in
  • Availability of the Premium Calendar for customers
  • ·Agent login support is there
  • ·Policy status view for policies that will be the applicable agency
  • ·Weekly premium duelist working for the agents

Final words

Life Insurance Corporation, the well-known insurance agency, has earned an immense reputation lately for the reason that it is involved in providing LIC policies to citizens all across India, having to pay their regular premiums every month. To ensure that LIC premium payments are being paid on time, there is a need to go through all the norms. A merchant is appointed to ensure that the LIC policy owner has no issues.

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