LIC of India Branches and Offices in Thane Experience secure and hassle-free LIC premium payment. Pay your life insurance premiums conveniently online with LIC India . Existing Policy Service Please get answers below to what to do next for your query regarding LIC Policy LIC validates the registration data and informs the bank/service provider about the registration status. Since LIC ’s database is de-centralized, generally it takes a week’s time for confirmation of registration data.