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IDBI Federal Life Insurance Online Premium Payment

Customers of IDBI Federal Life Insurance Life Insurance can easily pay their premiums online through the various channels offered by the company. In this way, the company caters to the needs of customers living in different parts of the country.
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IDBI Federal Life Insurance Co. Ltd. was founded in the year 2008 and is among the leading providers of life insurance solutions in the Indian private life insurance sector. IDBI Federal Life Insurance was founded following a 3-way partnership between two Indian banks - IDBI Bank and Federal Bank, with Europe-based multinational insurance provider called Ageas. Holding the distinction of being one of the fastest company to post maiden profits in a record duration of 5 years, IDBI Federal is one of the most reliable and trusted brands in the realm of life insurance in India. The company caters to customers all over India via a spread out network of nearly 2900 branches and provides a variety of life insurance solutions.

IDBI Federal Life Insurance Online Premium Payment Options

To streamline the premium payment process, IDBI Federal has set up a number of channels for online and offline payment of policy premiums. Let’s take a look at what these channels are.

IDBI Federal Website

  • Policyholders can pay premiums from the IDBI Federal website itself using the built-in online premium payment service.
  • To use this facility, policyholders must first visit the IDBI Federal website and click on the ‘Services’ section.
  • Clicking on this section will present a drop-down menu from which one must select the ‘Pay Premium’ option.
  • Upon clicking this option, you will be redirected to a new page wherein you will be required to provide your policy number and your date of birth.
  • Once you have provided your details, your policy and premium due details will be displayed on the screen. Review them before proceeding to make the payment.
  • Premiums payment on this channel can be done using your credit card, debit card, net banking, online wallets, cash cards, EMI, UPI, and Bharat QR.

InstaPay

  • The InstaPay facility for online premium payment will enable IDBI Federal policyholders to pay their policy premiums using their own bank’s mobile application of desktop website.
  • This facility is currently offered by many leading banks and online wallet services.
  • This facility may be known by different names like pay online, Bill Pay, utility payment option, etc.
  • To use this facility, the policyholder must first visit their bank’s website or mobile application and choose the InstaPay or equivalent option.
  • Next, they must choose ‘insurance payment’ as the next option and select IDBI Federal as the insurer.
  • Assuming that your bank supports insurance premium payment via InstaPay or an equivalent application or program, you will be asked to provide your policy number and date of birth.
  • Next, verify the details and make the premium payment using your preferred method.

Auto debit via NACH (National Automated Clearing House)

  • Customers can also choose to make premium payments automatically using the NACH facility which allows for auto debit of premium on the due date.
  • Under this facility, the premium amount due is automatically deducted from the bank account specified by the policyholder.
  • The most valuable benefit of this facility is that it eliminates the hassle for policyholders to remember their premium payment date.
  • To avail of this facility, the policyholder must first submit a duly-filled Auto Debit (NACH) Form at the IDBI Federal Head Office.

Pay at IDBI Federal Branches

  • Customers holding an IDBI Federal policy can make due premium payments at any IDBI Federal branches.
  • Customers holding an account with IDBI Bank can also make premiums payments via debit card, credit card, cheque, demand draft, or in cash at IDBI Bank branches.
  • Federal Bank customers holding an IDBI Federal policy can make premiums payments via debit card, credit card, cheque, demand draft, or in cash at Federal Bank branches.

Pay Through Advisor

IDBI Federal policyholders can also pay policy premiums via their financial advisor. Payments using this option can be made through cheque or a demand draft. The cheque or demand draft for payment must be drawn in favour of ‘IDBI Federal Life Insurance Company Ltd Policy No.*insert policy number*'.

Common Service Centre Outlet

Policyholders can also make their due renewal premium payments at any of the Common Service Centres located across India. The maximum amount of premium payment permitted under this option must not exceed Rs.49,999.

For the convenience of their customers, IDBI Federal has established multiple channels for quick and hassle-free premium payment. To avoid your policy from lapsing, make sure you pay your policy premiums on time.

IDBI Federal Life Insurance Online Premium Payment Reviews

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  • ICICI Prudential Life Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I have been using my term insurance with ICICI bank,the agent had clearly explain me about the policy and benefit coverage, and i use to pay premium amount on monthly basis.they have charged me premium nominal,they have charged me up to 712 on monthly.and my premium amount use to get auto debited from my account.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 20, 2019
  • LIC Life Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    I have been taken my Life insurance with Life insurance corporation of India, the agent had clearly explain me about the policy coverage and benefits,i have been holding two policy one is on monthly basis and one is for yearly basis,there premium amount they have charged me was nominal.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 20, 2019
  • LIC Life Insurance
    "Average Policy"
    0.5 4.0/5 "Great!"
    Purchased my life insurance policy in the year of 2001. Since my brother in law working as a agent, i have selected the Life Insurance Corporation of India for my insurance policy. I paid the premium amount of Rs. 2500 for half yearly. I make the premium through online.
    Was this review helpful? 1
    , hyderabad
    Reviewed on Jan 20, 2019
  • LIC Life Insurance
    "Not recommendable policy"
    0.5 4.0/5 "Great!"
    I have taken the life insurance policy from Life insurance corporation of India. I'm making the premium through online. Most of the policy got matured and I'm not satisfied with the returns. I have purchased policy in 1995. I have selected the quarterly payment mode.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 20, 2019
  • LIC Life Insurance
    "Very Good Service"
    0.5 5.0/5 "Blown Away!"
    I had taken this Jeevan Anand insurance policy almost seven years back and i am paying the premium half yearly. The premium amount was around 8944 which was not too high. The payment method has been simple and has been done easily. It is a good policy and suggestible to others.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jan 20, 2019
  • LIC Life Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    My Life insurance with Life insurance corporation of India had got completed, for 15 years, i was been paying this premium amount, the premium amount was on half yearly basis, and now i am waiting for the money to get, there service was good, they have charged me nominal premium amount.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 20, 2019
  • HDFC Life Life Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I have applied my life insurance with HDFC LIFE, there agent was good, they have explained me clearly about the policy benefit, and there coverage, and the premium amount they have charged me was nominal, it was on yearly basis , and i use to pay premium through on line.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 20, 2019
  • Tata AIA Life Insurance
    "Go for term insurance for the family future safety"
    0.5 4.0/5 "Great!"
    I have taken my term insurance policy from TATA AIG. This a a terms with returns policy. TATA AIG is providing a less premium with the sum assured amount of Rs. 1 Crore. I used to make the premium amount of Rs. 18000 per annum. I took the policy 1 month before. I have done the documentation process by online.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 20, 2019
  • LIC Life Insurance
    "Good to have"
    0.5 4.0/5 "Great!"
    My endowment policy was taken from LIC because of the trust and secure. In 2000, i have purchased this policy. I used to make the payment through online. One of my friend has recommended me about this policy. I have visited the branch many times and they are providing average service to the customer.
    Was this review helpful? 0
    , indore
    Reviewed on Jan 20, 2019
  • LIC Life Insurance
    "Good to have"
    0.5 4.0/5 "Great!"
    I have purchased a endowment plan from LIC. Bought my endowment plan in 2003. I have been paying the premium amount of Rs. 4000 per annum. I will get a sum assured amount of Rs. 1 lakhs. Total tenure period of the policy is 15 years. This is a tax benefit policy.
    Was this review helpful? 0
    , indore
    Reviewed on Jan 20, 2019
  • LIC Life Insurance
    "Good to have"
    0.5 3.0/5 "Satisfactory"
    I have invested a money back policy from Life insurance Corporation of India. I took this policy in the year of 2003. Total tenure period of the policy is 20 years. I have been paying the premium amount of Rs. 100000 per annum. Three times i have received a money back in my account. I have not faced any issue in this policy.
    Was this review helpful? 0
    , indore
    Reviewed on Jan 20, 2019
  • ICICI Prudential Life Insurance
    "Best Policy"
    0.5 3.0/5 "Satisfactory"
    My life insurance policy was bought from ICICI Prudential. The plan name is money growth. I have been paying the premium amount of Rs. 250000 per annum. I have selected the annual mode. I used to make the premium through online. I will get a sum assured amount of Rs. 25 lakhs. Total tenure period the policy is 10 years.
    Was this review helpful? 0
    , indore
    Reviewed on Jan 20, 2019
  • LIC Life Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    My life insurance i have dealing with Life insurance corporation of India,the agent clearly explain about the policy , coverage ,they have send me hard copy, i pay premium on quarterly basis,they have charged me up to 2500-2400 approx, which was nominal, i pay off line via cheque.
    Was this review helpful? 0
    , kolkata
    Reviewed on Jan 20, 2019
  • Tata AIA Life Insurance
    "Excellent Service"
    0.5 5.0/5 "Blown Away!"
    I have purchased a term insurance policy from TATA AIA. I opened this policy before 4 months. The claim ratio was 97% hence i have selected them. The premium amount is very less. I've chosen the coverage value of Rs. 50 lakhs. I make the premium by cheque.
    Was this review helpful? 0
    , vapi
    Reviewed on Jan 19, 2019
  • HDFC Life Life Insurance
    "Bad return value in this policy"
    0.5 1.0/5 "Really Bad"
    I hold a investment policy from HDFC LIFE. Friend has told me about this policy. They are not providing a good service to the customer. I took this policy in 2016. I have been paying the premium amount of Rs. 25000 per annum and the sum assured amount is Rs. 2.40 lakhs. This is a tax benefitable policy.
    Was this review helpful? 0
    , vapi
    Reviewed on Jan 19, 2019
  • Kotak Life Life Insurance
    "Good benefits"
    0.5 4.0/5 "Great!"
    I took my life insurance policy from Kotak Mahindra before 6years. It is a long term policy. I pay the premium through online, approx 20K per annum. I am happy with the benefits and their service. I got insurance paper. I need to pay for 15 years.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 19, 2019
  • LIC Life Insurance
    "Satisfactory"
    0.5 5.0/5 "Blown Away!"
    I am having a personal life insurance policy for the myself and my wife. All services are good and am fine mostly doing online payment. The tenure period is 15 years. I got an agent, he helps me out. It has good benefits. The premium was paid yearly through online.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 19, 2019
  • LIC Life Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    I have been using life insurance with Life insurance corporation of India,the agent had clearly explain the policy and the benefit coverage ,and the premium i pay is according to my convenient,like it is flexible option available,like whenever i want i can pay ,but i pay in monthly basis every time,the premium amount i use to pay up to 2000 in an monthly basis,it is nominal.
    Was this review helpful? 0
    , ahmedabad
    Reviewed on Jan 19, 2019
  • HDFC Life Life Insurance
    "Good for investment"
    0.5 5.0/5 "Blown Away!"
    HDFC Life is best as per my experience, their claim ratio is good. They are providing terminal premium for the critical illness, disability cover. I took the policy cover for Rs. 10 lakhs, I make the premium of Rs. 30,000 on quarterly basis it has term of 10 years. They do have life cover for certain demise.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 19, 2019
  • LIC Life Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I have been using life insurance with Life insurance corporation of India, i have been holding three policy , the agent had clearly explain me account the policy benefit,and there coverage,the premium amount i use to pay on yearly basis,which they have charged me was nominal,and i use to get deducted from my account.
    Was this review helpful? 0
    , thane
    Reviewed on Jan 19, 2019
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