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You can pay your life insurance premiums online through your insurer's official website, mobile app, or trusted payment platforms. Simply log in, enter your policy details, select the payment option, and complete the transaction using a debit card, credit card, net banking, or UPI. Always save the payment receipt for future reference.
#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply
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Online premium payment lets you pay the premiums of your life insurance digitally using your smartphone, laptop, or tablet. Whether it's your renewal premium or a top-up, online payment ensures you never miss a due date, safeguarding your financial protection plan.
Leading insurance companies now offer user-friendly platforms to make premium payments safe, fast, and accessible.
Online premium payment is available for all types of policies, including term insurance, endowment plans, ULIPs, and child plans
Term Plans
Most insurers allow you to pay your premium online through multiple options. Here's a simple step-by-step process:
Step 1: Visit your life insurance provider's official website.
Step 2: Enter Your Details, such as your Policy Number or Registered Mobile Number or Registered Email ID and Date of Birth
Step 3: Complete the captcha verification to proceed.
Step 4: Select Payment Method, such as Credit Card, Debit Card, Net Banking, UPI or Wallets (if available)
Step 5: Confirm your details and complete the payment securely.
Secure Your Family Future Today
₹1 CRORE
Term Plan Starting @
Get an online discount of upto 15%#
Compare 40+ plans from 15 Insurers
Now that you understand what is life insurance premium and how to pay it online, let's take a closer look at the benefits of paying your life insurance premium online.
Convenience Anytime, Anywhere
You can pay your premiums 24/7, including weekends and holidays, from the comfort of your home.
Save Time
The online premium payment process is quick and efficient, allowing you to complete your transaction in just a few minutes.
Multiple Payment Options
Choose from a range of secure payment methods such as Credit Card, Debit Card, Net Banking, or UPI, based on your convenience.
Auto-Debit Facility
Set up an auto-debit option while paying online to ensure you never miss a premium due date and keep your policy active.
No Hidden Charges
Make premium payments online without worrying about additional service fees or hidden costs.
Instant Premium Receipts
Receive and download your premium payment receipt instantly — a handy document for tax-saving and record-keeping purposes.
Quick Tips for Online Premium Payment
Always pay before 3:00 PM to get same-day premium receipts.
Enable auto-debit to avoid missing future payments.
Double-check your policy number and details before submitting the payment.
Save your payment receipt immediately for your records.
If you miss a premium payment, your insurer will offer a grace period of up to 30 days. During this period, you can pay your premium without penalties. However, if you fail to pay even during the grace period, your policy may lapse, and you could lose all the benefits and coverage.
Online premium payment makes managing your life insurance simple, fast, and stress-free. Stay on top of your payments, protect your policy benefits, and enjoy peace of mind with just a few clicks!
˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com in the first 6 months of FY 24-25.
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited
We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale
Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.
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+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.
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