LIC INDIA* Charge (What It Is + Is It Legit?)
â LegitimateThe "LIC INDIA*" charge is from LIC India. Life Insurance Corporation of India life insurance premium.
LIC India
Life Insurance Corporation of India life insurance premium.
Category
Insurance
Avg. Charge
Variable
Country
IN
Billing Cycle
Monthly
Cancel At
licindia.in
Support
+91-22-6827-6827
What is this charge?
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.
How to handle this charge
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.
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.
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.
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.
How to cancel LIC India
LIC India bills you Monthly. To stop future charges, cancel from your account directly.
Cancel at LIC IndiađĄ Tip â call before disputing
Try calling LIC India at +91-22-6827-6827 first. Most refund requests get resolved in one call, and bank disputes take 10+ days.
âšī¸ International processing
This charge is processed in IN. You may see a foreign transaction fee from your bank (typically 1-3%).
Quick fraud check
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.
Frequently Asked Questions
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