LIC waives off charges on credit card payments to promote digital transactions; effective from 1 December

LIC waives off charges on credit card payments to promote digital transactions; effective from 1 December

Mumbai: To promote digital transactions, Life Insurance Corporation has waived off the convenience fee on all payments to the national insurer, effective 1 December. The Corporation said any credit-card originated payments towards renewal premium, new premium, or repayment of loan and interest on loans against the policies will not attract any additional charges or convenience fee its parlance, from 1 December.

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