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.
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.
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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.
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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.
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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.
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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.
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E-wallets
Bajaj Allianz life insurance premium payments are also made using e-wallets;
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The customers can make payments using third-party apps that the insurer supports.
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The policyholder needs to select the e-wallet tab on the insurer's website and click Pay Now
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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.
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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.
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Under the Insurance section, they can select Bajaj Allianz Life Insurance, followed by the policy details, and proceed to pay or renew the premium.
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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.
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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.
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Net banking
The most commonly used Bajaj Allianz life insurance premium payment online method is the net banking method.
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The policyholder needs to add the insurer as a beneficiary, after which the life insured pays the requested amount.
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A payment receipt is generated and sent to the policyholder as proof.
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The auto-pay feature is also available in net banking, wherein instructions are given automatic clearance.
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.
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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.
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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.
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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.
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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.
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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.
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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.
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