LIC Merchant Portal: A Comprehensive Guide for Merchants

Introduction

The Life Insurance Corporation of India (LIC) Merchant Portal is an online platform designed to assist merchants in managing premium solutions and collections. This service provides merchants with convenient access to policy information and updates, eliminating the need for lengthy manual processes.

Changing LIC Merchant Password Online from 

To change your LIC Merchant password online, follow these steps:

  1. Visit the LIC Merchant official web page: https://customer.onlinelic.in/LICEPS/portlets/util/resetPassword/begin.do
  2. Select “Merchant Portal” under the “Online Services” menu.
  3. Click on the “Login” tab.
  4. Navigate to the “Change Password” section.
  5. Enter your User ID and current password.
  6. Enter your new password and confirm it.
  7. Click the “Reset” button.

Updating Email ID to Receive OTP in LIC Online Merchant Portal

Updating your email ID to receive emails and OTPs is crucial for receiving important notifications and updates from the portal. To do this:

  1. Visit the official LIC Merchant website portal: https://merchant.onlinelic.in/LICMerchant/portlets/util/updateEmailId/begin.do
  2. Click on “Merchant Portal” in the drop-down menu under the “Online Service” menu.
  3. Click on “Login Details.”
  4. Select “Update Email Id” to send an OTP.
  5. Enter your User ID and password.
  6. Enter the correct email ID.
  7. Click on “Update.”

Key Features of the LIC Merchant Portal

The LIC Merchant Portal offers a range of features to enhance the efficiency of merchants:

  • Online Premium Collection: Merchants can collect premiums online using the portal, simplifying the payment process for customers.
  • Policy Information and Updates: Merchants can access real-time information on policies, including policy status, premium due dates, and claim details.
  • Policy Issuance: Merchants can issue new policies and endorsements online, reducing turnaround times.
  • Commission Tracking: Merchants can track their commission earnings and view payment details.
  • Customer Support: The portal provides access to a dedicated customer support team for assistance with any queries or issues.

Benefits of Using the LIC Merchant Portal

The LIC Merchant Portal offers numerous benefits to merchants:

  • Convenience: Merchants can access the portal anytime, anywhere, eliminating the need for physical visits to LIC offices.
  • Efficiency: The portal streamlines premium collection and policy management processes, saving time and effort.
  • Transparency: Merchants have access to real-time policy information, ensuring transparency and accountability.
  • Enhanced Customer Service: The portal enables merchants to provide better customer service by addressing queries and issuing policies promptly.
  • Increased Sales: The portal provides merchants with tools to effectively manage their business and increase sales.

The LIC Merchant Portal is an invaluable tool for merchants, providing them with a comprehensive platform to manage premium solutions and collections. Its user-friendly interface, robust features, and dedicated customer support make it an indispensable resource for merchants looking to enhance their business efficiency and provide exceptional customer service.

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