Premium Payments

Policyholders of LIC can make their Payment of Premium in the following ways.
  1. In any one of the LIC Bangladesh Ltd Branch offices on all working days (Sunday to Thursday except Government holiday) between 10:00 AM to 06:00 PM. Since all our Branches are inter connected, premium can be paid at any Branch of LIC irrespective of the Branch.
  2. Policyholder can make payment of LIC Premium for their existing in force policies at the following Bank Branches across the Country.
    1. Pubali Bank Limited – Procedure:
      • Visit any nearby Pubali Bank Branch
      • Use the Money Deposit Challan available in the Bank
      • Write down the Policy Number and Name of the Policyholder without Fail.
      • Use the account No: 3831901009022 for deposit the Premium.
    2. Mutual Trust Bank – Procedure:
      • Visit any nearby Mutual Trust
      • Use the specific LIC Money Deposit form available in the Bank Branch
      • Write down the Policy Number and Name of the Policyholder without Fail.
      • Use the account No: 0460210008870 for deposit the Premium.
  3. BEFTN (EFT) Debit:
    Premium payment through EFT Debit is the most effective and convenient method for Policyholders. To avail the facility, the policyholder needs to submit the Mandate form (Onetime job) to any one of our LIC Branch.
    Procedure:

    • Download the BEFTN Authorization Form here
    • Fill up the form carefully and the Bank details has to be authorized by your Bank Official
    • Submit the form to any one of our Branch at least 30 days before start of premium deduction due date.
    • The premium deduction will be automatically done on the stipulated date and periodicity through the Banking channel procedure formulated and implemented by the Bangladesh Bank.