Life Insurance Corporation (LIC) provides insurance to people all over India, and premiums must be paid regularly. Merchants are responsible for ensuring that LIC premium payments are made on time and resolve any issues. To access the services on the LIC Merchant Portal, merchants must log in.
The portal can be accessed from the comfort of their homes, allowing merchants to update policy information and make premium payments. Additionally, merchants can view the due dates for coverage premiums. Merchants play a crucial role in helping insurance customers by collecting premiums.
To use the LIC Merchant portal services, merchants must log in using a User ID and Password, and only individuals and organizations approved by LIC can access the Merchant Portal. If you are an LIC-registered merchant, you can log in to your account to review the details of your LIC policies and other important information.
LIC Merchant
An LIC Merchant helps customers with their LIC insurance. They support procedures such as paying insurance bills, reviewing policy information, and more. These merchants receive payments depending on the premiums collected from the insurance they provide. LIC Merchants utilize the LIC Merchant Portal to get details, change policy information, and provide services necessary to perform their responsibilities.
The insurance company, LIC, employs several methods to contact and support people across India, including online services, mobile apps, agents, and, recently, LIC retailers. The purpose is to provide people with good service in an easy way. LIC merchants have licenses and are recognized as corporations or organizations by LIC.
What is the LIC Merchant Login Portal?
Administrators have started the Merchant Services LIC Login procedure, and the Life Insurance Corporation of India has launched the service for merchants. It connects an insurance company and its customers with merchants selected by the Corporation. Each merchant has a specific User ID and Password to access their website, where they receive premiums for the company.
LIC Merchants have been officially approved to process customer payments. This online website is a source for getting necessary data, setting policies, and performing transactions quickly. It is an effective solution that enables both merchants and insurance customers, improving the speed and flexibility of the insurance service.
LIC Merchant Registration 2024
Following these instructions, you can finish the LIC Merchant Portal Registration process in 2024.
- Visit the LIC’s website at https://licindia.in/.
- Navigate to the ‘Online Services’ menu and choose Merchant Portal’ from the open menu.
- After this will take you to https://merchant.licindia.in/merchant/.
- Then press the ‘New User Registration’ option.
- Enter your details, like your name, address, and contact details. Then, press the ‘Submit’ button.
- Check your email after entering the details into the form. You will be sent a confirmation link.
- Now, you can confirm your registration process by clicking the link.
LIC Merchant Login
Follow the given instructions to access the LIC Merchant Login portal.
- Go to access the LIC of India website at https://www.licindia.in.
- Then select ‘Merchant Portal’ from the menu homepage.
- After this will take you to https://merchant.licindia.in/merchant.
- Enter your user ID and password on the Merchant Login page and press the ‘Login’ option.
- Finally, you can access your LIC Merchant website.
- Now, you may access many options after logging in, like producing online bills, paying bills, checking sales performance, maintaining user accounts, and seeing income information.
Eligibility Criteria for LIC Merchant Registration
The LIC merchant online page is not accessible to every person or company. A number of conditions must be completed by the merchant. The user must satisfy the following requirements:
- The merchant must be a registered LIC agent.
- Merchants must be at least 18 years old.
- Documents of identity proving your Indian citizenship.
- The candidate must have a minimum of a 10th-grade pass.
- A PAN card must be submitted.
LIC Merchant Login Password Recover or Reset by Forgot Password
When you want to finish the login procedure but have forgotten your LIC Merchant password, follow the steps below to reset the LIC Merchant website login Password.
- Go to the LIC merchant website page at https://merchant.licindia.in/merchant/.
- After, select the ‘Merchant Portal’ option from the ‘Online Service’ category.
- Then, press the login button, enter your ‘User ID’ and ’email address,’ and click the “Mail New Password” button.
- Then verify your email. The system will generate a new password for you.
- Now, you can reset your password successfully.
How to Change LIC Merchant Account Password
Follow these simple instructions to change your LIC Merchant Account password.
- Go to the LIC Merchant Portal at https://merchant.licindia.in/merchant/.
- After, choose ‘merchant portal’ under the ‘online service’ category on the homepage.
- Press the login button. Next, click the ‘Change Password’ link on the left-hand side menu.
- Enter your existing, new, and confirmation passwords in the fields on the ‘Change Password’ screen.
- Next, press the “Submit” button.
- Now, the LIC Merchant portal password will be changed successfully.
How to Change or Update Email ID at LIC Merchant Portal
The following are instructions on how to update your email address in the LIC Merchant Portal.
- Visit https://merchant.licindia.in/merchant/ to access the LIC of India website.
- Enter your user ID and password on the Merchant Login page and press the ‘Login’ option.
- After, go to the top right corner of the website and select the ‘My Profile’ option.
- Press the ‘Edit’ option and enter your existing email address on the My Profile page.
- Then, type in your new email address and press the ‘Update’ option.
- Your new email address will be receiving an OTP. Enter the OTP in the relevant field and press the ‘Verify’ button.
- Now, your email address has been successfully updated.
Benefits of LIC Merchants
LIC merchants give important advantages to both the organization and insurance customers by following these instructions.
- These merchants are knowledgeable about LIC products and services and can assist consumers in choosing plans that meet their financial requirements. Also, LIC merchants are skilled at responding to customer queries and providing information about LIC products and facilities.
- Customers may get LIC products and services from LIC merchants. Customers may visit an LIC merchant at their leisure to learn more about LIC offers, apply for insurance, and pay premiums.
- LIC merchants are dedicated to providing outstanding customer service. They try to help customers select the best plans to match their financial objectives. Customers may contact LIC merchants with any issues they have regarding their LIC insurance, providing a helpful and flexible service.
Services Available on the LIC Merchant Portal
The following are a few of the services provided through the LIC Merchant Portal.
- Provide premium collections to customers
- Pending invoices are being updated on the website
- Assist with LIC customer requests
- Checking receipts
- Cashiers’ pending bills total
- Taking premium payments
How to Become an LIC Merchant?
Candidates who complete these procedures can apply for the position of LIC merchant and receive the required training. To qualify as a LIC Merchant, complete the following steps.
- Interested candidates should apply on the LIC website or contact a LIC representative.
- After applying, submit your application using the methods specified.
- Following your application submission, you will be interviewed by an LIC representative.
- If you pass the interview, you will be given a position as a LIC merchant.
- Following your appointment, you will get training and assistance to help you efficiently offer LIC products and services.
- You will be provided access to the LIC Merchant Login connected as a newly selected merchant.
- The website enables you to manage your business and track your success easily.
How can I check my sales performance with the LIC Merchant Login?
Click on the ‘Sales Performance Report’ option from the left-hand side menu to identify your sales achievements with LIC Merchant Login. You will have access to a number of reports, including sales in total, sales of products, and sales to customers.
Can I pay my life insurance premium at an LIC merchant?
Yes, using an LIC merchant is a secure and quick method to pay LIC premiums or receive other LIC services. The merchants have received complete instructions and have access to all LIC services.
How can I maintain my LIC Merchant Login customer accounts?
First, click on the ‘Customer Account Management’ option in the left-hand main menu to manage your customer accounts with LIC Merchant Login. Then, you will also be allowed to see a list of all of your customers, along with their contact and policy details.
Do I need an email address to make LIC payments through a LIC merchant?
Yes, all customers must have an LIC email address to get an OTP for confirmation. You should change the email to reduce problems during the OTP recovery procedure.