Excelsior Correspondent
Jammu, Dec 7: As a fillip to our ongoing support for digital transactions Life Insurance Corporation (LIC) of India announced waiver of convenience fee on Credit Card transactions initiated by policy holders for payment of renewal premium, advance premium, repayment of loan and loan interest with effect from December 01, 2019.
All the digital collections will be free of charges for customers. With this initiative, LIC’s valued policyholders can transact online seamlessly, free of charges.
This facility of free transactions using credit card will be applicable to and implemented across all collecting systems (Card less payment and card dip / swipe on Point of Sale machines).
LIC customers are also requested to download the MYLIC App and avail seamless online services.
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