Why Buy Online?
💰
~2% Cheaper
no agent commission
⚡
15 Minutes
no branch visits
📄
e-Policy Bond
instant digital copy
🔒
100% Safe
official LIC website
5-Step Process to Buy LIC Online
1
Register on LIC Portal
Visit licindia.in → Click "Buy Policy Online" → "New User? Register Here" → Enter mobile, email, PAN, date of birth → Verify OTP → Create password.
2
Choose Plan & Calculate Premium
Browse available online plans → Select your plan → Enter age, Sum Assured, policy term → System calculates premium → Review benefits summary → Click "Buy Now".
💡 Use our Premium Calculator first to compare plans and estimate costs!
3
Fill Proposal Form
Enter personal details (name, address, occupation) → Health declaration (existing conditions, family history) → Nominee details (name, relationship, %) → Add riders (ADDB, CI) if available → Review carefully.
4
Upload Documents & Verify
Upload PAN card, Aadhaar, photograph → For high SA (above ₹25L): income proof (ITR/salary slip) → e-KYC verification via Aadhaar OTP → Digital signature.
5
Pay & Get e-Policy ✅
Pay first premium via net banking, UPI, debit/credit card → Receive confirmation → e-Policy bond emailed within 24-48 hours → Download and save → Policy is active!
Documents Checklist
| Document | Required? | Format |
|---|
| PAN Card | Mandatory | Scanned copy / photo |
| Aadhaar Card | Mandatory | For e-KYC + address |
| Passport Photo | Mandatory | JPEG, max 200KB |
| Income Proof | SA > ₹25L | ITR / Form 16 / Salary Slip |
| Medical Report | Age/SA based | LIC panel doctor |
Payment Options
🏦
Net Banking
All major banks
💳
Debit Card
Visa, Mastercard, RuPay
💳
Credit Card
Visa, Mastercard
Online vs Agent — Which is Better?
| Feature | 🌐 Online | 👤 Through Agent |
|---|
| Premium | ~2% cheaper ✅ | Standard rate |
| Convenience | From home ✅ | Meeting required |
| Plan Selection | Limited plans | All plans ✅ |
| Guidance | Self-research | Personal advice ✅ |
| Claim Support | LIC branch | Agent helps ✅ |
| Best For | Tech-savvy, self-researchers | First-time buyers, complex needs |
7 Tips for First-Time Buyers
1
Use our calculator first — compare plans and estimate premium before going to LIC website
2
Only buy from licindia.in — never from third-party websites. LIC doesn't authorize third-party online sales
3
Keep PAN and Aadhaar ready — both are mandatory. Aadhaar must be linked to your mobile for e-KYC OTP
4
Declare health honestly — non-disclosure can lead to claim rejection. Always be truthful in the health declaration
5
Add ADDB rider — costs just ₹1/1000 SA and doubles death benefit on accident. See our
Riders Guide
6
Set up auto-debit — after purchase, set up ECS/NACH for future premiums to avoid missing payments
7
Save e-policy bond safely — download, print, and share with your nominee. Register on LIC portal to track your policy
💡 Expert Tip (Haresh Hirapara): Online purchase saves approximately 2% on premium — that adds up over 20-25 years. But if you're a first-time buyer, I recommend meeting an agent at least once to understand the plan features properly, then buy online if the plan is available. The most important thing: declare your health honestly — I've seen many claims rejected because the policyholder hid existing conditions. Also, after buying, inform your nominee about the policy number, SA, and how to claim. Keep a copy of the e-policy in a safe place. Consult a financial advisor to choose the right plan before purchasing.
Frequently Asked Questions
Can I buy LIC policy online?+
Yes, through
licindia.in or the ANANDA app. Online plans get approximately 2% rebate. Not all plans available online — check LIC website for current list.
How long does it take?+
Approximately 15-30 minutes for the entire process if documents are ready. e-Policy bond emailed within 24-48 hours. If medical exam is needed, it may take a few extra days.
What documents do I need?+
PAN + Aadhaar + photo for most plans. Income proof (ITR/Form 16) for SA above ₹25L. Medical report for higher ages or very high SA. Aadhaar must be linked to mobile for e-KYC.
Is buying online safe?+
Yes, from the official
licindia.in website. SSL encrypted, secure payments. e-Policy is legally valid.
Never buy from third-party websites — LIC doesn't authorize third-party online sales.
Do I get a discount?+
Approximately 2% rebate on tabular premium. For ₹50,000 premium: save ~₹1,000/year = ~₹20,000 over 20 years. No agent commission involved. These are approximate savings.
Which plans can I buy online?+
Select plans including Tech Term (854), Jeevan Amar (855), SIIP (852), New Endowment (714), Jeevan Labh (736), and others. Check
licindia.in for the latest list. For plans not available online, contact an LIC agent.
⚠️ Disclaimer
This article is for educational and informational purposes only. LIC-Calculator.com is not affiliated with LIC of India. The online purchase process, available plans, and rebates are approximate based on publicly available information. The actual process may vary. For official information and to purchase policies, visit licindia.in.
This is not financial advice. Please consult a certified financial advisor before purchasing any insurance policy.