HomeBrowse ChargesInsuranceLIC INDIA*

LIC INDIA* Charge (What It Is + Is It Legit?)

✓ Legitimate

The "LIC INDIA*" charge is from LIC India. Life Insurance Corporation of India life insurance premium.

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LIC India

LIC India

Life Insurance Corporation of India life insurance premium.

LIC INDIA*

Category

Insurance

Avg. Charge

Variable

Country

IN

Billing Cycle

Monthly

Cancel At

licindia.in

Support

+91-22-6827-6827

Why does this charge appear?

When LIC India processes premium payments through its digital payment gateway, the billing system truncates the full name "Life Insurance Corporation of India" and appends a country identifier, resulting in the shortened descriptor "LIC INDIA*" on your bank statement. The asterisk in the descriptor is a standard formatting character used by Indian payment processors to separate the merchant identifier from additional transaction reference data that may follow. If you hold an active LIC India life insurance policy and your premium is due, this charge almost certainly reflects your monthly premium deduction rather than any unauthorized transaction.

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What should you do?

1

Identify Your LIC Policy

Log in to your LIC India account at licindia.in and check your active policies to confirm the LIC INDIA* charge matches a premium due date for one of your life insurance plans. Cross-reference the charge amount with your policy schedule.

2

Verify the Premium Amount

On licindia.in, navigate to the premium payment history section to ensure the amount charged as LIC INDIA* on your bank statement matches exactly what LIC India records show for your policy premium. Discrepancies in amount could indicate a billing error worth reporting.

3

Check Your Payment Frequency

Review whether your LIC India policy is set to monthly, quarterly, half-yearly, or annual premium payments. If the LIC INDIA* charge appeared at an unexpected time, confirm on licindia.in whether your payment schedule was recently changed or if an auto-debit mandate is active on your account.

4

Manage or Update Your Policy

If you wish to change payment methods, update auto-debit settings, or review your coverage details related to the LIC INDIA* charge, visit licindia.in directly or contact LIC India customer support through the official portal to make any necessary adjustments to your life insurance premium payments.

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Is this charge fraudulent?

No, this is a legitimate charge from LIC India. However, if you did not authorize this charge or cancelled your subscription, you may be eligible for a refund.

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