How to Apply for a LIC Merchant Portal Account?

Are you looking for a merchant portal account in India?

If yes, then you must be knowing about the LIC (Life Insurance Corporation) Merchant Portal Account. A merchant portal account is a bank account that offers many benefits to merchants who are willing to sell insurance products. It is a great opportunity for those merchants who don’t have the bank account.

If you are a new user of the LIC portal, then you can easily open the LIC Merchant Portal Account and start selling insurance products through it.

What is the LIC Merchant Portal Account?

The LIC merchant portal account is basically a bank account for insurance agents and insurance companies who wish to sell their products. The main purpose of opening this account is to provide a secure channel for the payment of premiums. It also helps in providing a secure platform for the customers to make payments online.

Benefits of the LIC Merchant Portal Account:

Here are the main benefits of the LIC Merchant Portal Account:

1. A merchant portal account is a bank account, which is linked with the LIC insurance company.

2. A merchant portal account is used to accept payments for the products of the LIC insurance company.

3. Merchants can receive the money directly into their bank account.

4. Merchants can deposit the money into the bank account of LIC.

5. Merchants can open multiple merchant accounts and can use these accounts to sell different types of insurance products.

6. Merchants can send the money to the LIC bank account by using the mobile banking facility.

7. Merchants can sell the products online using the mobile app.

8. Merchants can use this account for other purposes.

9. Merchants can sell their products using the same account.

10. Merchants can use this account for different purposes.

How to Apply for a LIC Merchant Portal Account?

To apply for the LIC Merchant Portal Account, you need to visit the official website of the LIC. You will be directed to the page of merchant portal account. There are three options available to apply for the LIC merchant portal account.

You can apply for the account by visiting the branch of the LIC.

You can also apply for the account online.

You can also apply for the account by calling the customer care of the LIC.

Conclusion:

In case you are a new user of the LIC portal, then it is better to apply for the account through the online method. If you are a regular user of the LIC portal then you don’t need to worry about the online application as it is the easiest method to apply for the account.

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