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Bajaj Allianz Life Insurance Online Payment

Paying life insurance premiums online may seem difficult, but with the Bajaj Allianz life insurance payment portal, it has become very easy. Bajaj Allianz is one of the leading insurance companies, offering various insurance products that cater to the needs of various sections of society.

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This insurer’s payment portal allows policyholders to pay their premiums instantly from the comfort of their home. 

You can visit Bajaj Allianz's official website/app or policybazaar (for first-time payment) to make the premium payment and use the different payment modes available per your needs. 

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How to Make Bajaj Allianz Life Insurance Premium Payment Online?

Bajaj Allianz life insurance premium payment provides many payment options from anywhere and anytime. Some of the methods of Bajaj Allianz online payment are as follows.

  • AutoPay option
    The customer need not worry about due dates and reminders from the insurer with the availability of the auto-pay option. It is an option where the policyholder gives standing instructions from his/her bank to automatically pay the insurer on a chosen date which helps in a timely payment and renewal of the policy premium. The customer can enable the auto-pay option by clicking the register online mandate tab on the insurer's website; a drop-down menu is displayed. The right bank is chosen. The policyholder is prompted to enter the bank account details for verification purposes, upon which the auto-pay option is enabled.

  • Debit-card
    The policyholder with a debit card can easily make Bajaj Allianz life insurance premium payments online. The customer is prompted to enter mandatory details such as policy number, date of birth of the life assured, email address, and mobile number for verification purposes, upon which the customer is led to the checkout process where he/she is prompted with the debit card details and a three-digit CVV number, on verifying the card details the payment is processed, and the premium is paid.

  • Credit Card
    The premium payment using a credit card is similar to that of a debit card: the mandatory details are provided, followed by credit card details and CVV. All kinds of credit cards, such as Visa, Maestro, Master, Amex, and Diners, are accepted. One can also provide standing instructions using a credit card for the autopay feature. The policyholder can also avail of EMI with the help of a credit card. 

  • EMI on selected credit cards 
    You can pay Bajaj Life insurance premiums online using the EMI on selected credit cards and stay invested in your life goals. EMI facilities are offered by HSBC, HDFC, Axis, Standard Chartered, Kotak Mahindra, and ICICI Bank. 

  • E-wallets
    Bajaj Allianz life insurance premium payments are also made using e-wallets; 

    • The customers can make payments using third-party apps that the insurer supports. 

    • The policyholder needs to select the e-wallet tab on the insurer's website and click Pay Now

    • The app will prompt the policyholder to enter the mandatory details such as policy number, date of birth of the life assured, email address, and mobile number for authentication. 

    • The next step is to choose the e-wallet from the list, enter the transaction details, and pay. The customers can choose the supported third-party e-wallet mobile app. 

    • Under the Insurance section, they can select Bajaj Allianz Life Insurance, followed by the policy details, and proceed to pay or renew the premium.

  • Bajaj Allianz Life Assist Mobile App
    The policyholder can make payments through the insurer's official mobile app. The policyholder needs to download and install the app on their mobile phone. The pay premium option is available under the main menu. Customers need to enter mandatory details such as mobile number, email address, policy number, and date of birth of the life assured for authentication purposes, and the customer needs to make the payment to renew the premium.

  • Unified Payments Interface(UPI)
    Bajaj Allianz life insurance premium payments are also facilitated using UPI, an integrated app to the customer's bank account. The policyholder needs to download and install the UPI app, such as Gpay and link the bank account to the app for payment. A payment request is sent to the customer's registered mobile number, and on approval, the payment is made to buy or renew the premium.

  • Net banking
    The most commonly used Bajaj Allianz life insurance premium payment online method is the net banking method. 

    • The policyholder needs to add the insurer as a beneficiary, after which the life insured pays the requested amount. 

    • A payment receipt is generated and sent to the policyholder as proof. 

    • The auto-pay feature is also available in net banking, wherein instructions are given automatic clearance.

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Information Needed To Make the Bajaj Life Insurance Online Payment

  • The customer must provide mandatory details such as mobile number, email address, and policy number.

  • The debit card must be valid and verified by the bank.

  • The account will reflect the payments made after the cut-off time on the next working day. However, the funds will be deducted at the instant.

  • To use the auto-pay feature, the customer needs to submit his identity proof, bank statement, and a photocopy of his debit or credit card.

  • The payment receipt is available in the customer’s profile and is always accessible.

  • Only active policies are reflected in the portal.

Benefits of using the Bajaj Allianz Life Insurance Premium Online Payment Process

The advantages of Bajaj Allianz life insurance premium payment vary from being quick and efficient to hassle-free and paperless. Some of the benefits of online payments are as follows.

  • Quick and hassle-free

    The customer can make Bajaj Allianz life insurance premium payments within a few minutes by visiting the insurer's official website and paying the premium. It is quicker, eliminating the need to stand in long queues.

  • Secure and safe

    Bajaj Allianz provides a safe option for payment so that the details remain secure with the powerful security features of the platform. 

  • Round-the-clock accessibility

    Policyholders who work outside the traditional eight-hour schedule can access the payment options at their convenience, as the online options are open 24/7. One need not worry about the insurer’s office hours.

  • Multiple options for payment 

    Bajaj offers various payment options that include debit cards, net banking, credit cards, online wallets and UPI. This option allows you to choose the method of payment that suits you. 

  • No charges

    The Bajaj Allianz life insurance premium payments are free of cost and provide customers with comfort and satisfaction. They are free irrespective of the online platform chosen, such as a mobile app or social media.

  • Endless Assistance

    The insurer's official website has a toll-free helpline number. Customers can use the toll-free number published on the insurer's website for policy-related queries. They can also use the live chat option to seek assistance.

You may also like to read about: Term Insurance

FAQs

  • A1. The customers can pay the premium offline at common service centres authorized by the government. The payment is made only in cash.
  • A2. The steps to pay the Bajaj Allianz life insurance premium payment in the company office are as follows.
    • Walk into the nearest common service centre.
    • Information related to policy number and date of birth needs to be given to the cashier.
    • Pay the appropriate amount in cash.
    • The receipt of the premium paid is handed to the customer.
  • A3. There are certain terms and conditions of the common service centres. They are as follows:
    • The premium renewal is accepted only in cash. 
    • The payment amount is limited to Rs.49,999
    • Renewal applies only to individual or group policies in force or policies that have lapsed within three months.
    • The customer needs to visit the centre only during working hours. 
  • A4. The auto-pay can be enabled by following the steps.
    • Provide the policy number and the date of birth.
    • Select the view premium tab to view details of the policies.
    • Select ‘Register for CCSI’
    • Provide the credit card details and click 'pay.'
    • After the bank successfully verifies the account, all future premium dues will be automatically deducted from the customer's bank account on the given date.
  • A5. The customer can pay premiums in few clicks
    • Open the mobile app.
    • Select Bajaj Allianz life under the Insurance section.
    • Provide mandatory policy details and click pay.
  • A6. The steps for online mandate standing instructions are as follows.
    • Provide the policy number and date of birth under the section ‘register for online mandate’.
    • Choose the view premium details tab to view policy details.
    • Select 'Register for the online mandate.'
    • Choose the right bank from the drop-down menu.
    • Provide the bank credentials and click pay.
    • On successful verification from the bank, the insurer will register you for the auto-pay feature.
  • A7. The online payments made on the insurer’s website are free.
  • A8. Visa, Maestro, Master Card, American Express, and Diners Club International are the cards that support credit card payments.
  • A9. The cards that support debit card payment are Visa, Maestro, Master Card, and Rupay.

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