Bajaj Life Insurance Online Premium Payment

Debit Card 

You can pay your renewal premium instantly using a debit card. Major debit card networks are supported, allowing for safe and hassle-free transactions. 

EMI on Selected Banks 

Customers using eligible credit cards from select banks may have the option to convert their premium payment into Equated Monthly Instalments (EMIs). EMI availability depends on the participating bank and applicable terms. 

Net Banking 

Policyholders can make premium payments directly through their bank account using net banking. This option provides a convenient and secure way to complete transactions online. 

Unified Payments Interface (UPI) 

UPI enables quick premium payments using any UPI-enabled application. Simply complete the payment using your preferred UPI app for an instant and seamless transaction.

Other Alternative Payment Modes

Some other payment modes for Bajaj Life Insurance Premiums are listed below: 

Auto Debit or Auto Pay 

Auto Pay helps ensure your premiums are paid on time without the need for manual payments every renewal cycle. Bajaj Life Insurance offers multiple Auto Pay registration options. 

Online Mandate – Bank Account 

Register an electronic mandate with your bank to automatically debit the renewal premium from your bank account on the due date, subject to sufficient account balance. 

UPI Mandate Registration 

You can authorize recurring premium payments through a UPI mandate. Once approved, future premiums are automatically deducted on the scheduled due date. 

Credit Card Standing Instructions (CCSI) 

Register your credit card for Standing Instructions (CCSI) to enable automatic premium payments. This helps avoid missed premium due dates while keeping your policy active.

Branch Office Payment Options 

If you prefer offline premium payments, Bajaj Life Insurance also accepts premium payments at its branch offices through multiple payment modes. 

Cheque / Demand Draft (DD) 

Renewal premiums can be paid by cheque or demand draft at Bajaj Life Insurance branch offices. 

Important Points: 

• The cheque or demand draft should be drawn in favour of Bajaj Life Insurance Limited. 
• Mention your policy number clearly on the reverse side of the cheque or demand draft to facilitate faster processing. 

Cash Payment 

Renewal premiums can be paid in cash at Bajaj Life Insurance branch offices, subject to a maximum limit of Rs.49,999 per transaction. 

Important Points: 

• Cash payments are accepted only at Bajaj Life Insurance branches and authorised collection centres such as select Axis Bank branches, SBI branches, and Common Service Centers (CSC) e-Governance centres. 
• Bajaj Life Insurance agents or representatives are not authorised to collect premiums in cash outside these approved locations. 

Credit Card or Debit Card at Branch 

Customers can also pay renewal premiums at Bajaj Life Insurance branches using eligible credit or debit cards. 

Accepted card networks include: 

• Visa 
• MasterCard 
• Maestro 
• RuPay