Life Insurance Corporation is well known to provide LIC policies to citizens all across India who have to pay their regular premiums every month. In order to ensure that LIC premium payment are being paid on time and every LIC policy owner has no issues, a merchant is appointed. merchant portal LIC So, LIC Merchants are individuals who not only take care of the premiums but also further help the LIC users with their issues, payments and more to ensure they have proper solutions to them.