How do I pay my LIC or insurance premium on PhonePe?
To pay your insurance premium, 

  1. Tap See All under the Recharge and Pay Bills section on the app home screen. 
  2. Tap LIC/Insurance under Financial Services & Taxes.
  3. Search for your insurance provider select your insurance provider and enter the policy number and other required details.
  4. Select your insurance provider, enter the policy number and other required details. 
  5. Tap Confirm and complete the payment.

Note: If you’ve registered with an International number on PhonePe, you’ll be able to make payments only to Indian insurance providers.

Related questions:
Where do I find my insurance policy number?
How do I get the invoice/receipt for my LIC/insurance premium payment?