Last month, I noticed that my LIC premium was being auto-debited through a net banking e-mandate set up via my bank. I want to stop the auto-debit because I plan to switch to a different payment method. How can I cancel the LIC e-mandate safely without missing any confirmation?
LIC e-mandates using net banking allow monthly premium payments for your policy to be deducted automatically. While this auto-payment is convenient, sometimes you need to deactivate your mandate due to changing the mode of payment, stopping payments for the policy, or simply to avoid an unintentional auto deduction.
credits : How To Cancel e-Mandate: Complete Guide for 2025
Steps to Stop LIC e-Mandate Auto-Debit via Net Banking in 2025
Cancel LIC e-Mandate Using Net Banking
To stop my LIC auto-debit, I logged into my bank’s net banking portal, and went to ‘the e-mandates’ or ‘standing instructions’ section. I selected LIC, and clicked ‘Cancel’. The next day, I found my LIC auto-debit was cancelled! The confirmation message gave me confidence that no future LIC premiums would be deducted without my action.
Verify the LIC e-Mandate is Cancelled
My colleague cancelled his mandate, and waited a while to check on it. He checked the next day, and auto-debit was executed - there is often a delay in cancelling a processing request. After confirming the e-mandate cancellation status in net banking, and with the bank, he cancelled the next scheduled premium payment. It reinforces the importance of checking your mandate status after you cancel it!
Cancelling LIC e-Mandate Via Customer Care
A friend was unable to find the e-mandate section inside net banking, and when he called LIC customer care, they took the policy number and his bank details, and confirmed cancellation of his e-mandate. They even emailed him a confirmation of cancellation. This route is useful if you wish to have first-hand confirmation that the e-mandate is cancelled, especially if net banking wasn’t clear.
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