Good news for LIC policy holders! You don't need to pay this charge from December 1
In what comes as some very good news for Life Insurance Corporation or LIC policy holders, the insurer is all set to waive off the convenience fee on payments with effect from December 1, 2019.
LIC has said that any payment done through credit cards towards renewal premium, new premium, repayment of loan or interest on loans against policies will not attract any additional charges or convenience fee. Source - LIC website.