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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.

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IDBI Federal Life Insurance Online Premium Payment Reviews

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  • LIC Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I have used for 12 years, i have used the MONEY BACK i have received the amount for 4 years once. The maturity period is for 12 years and it gives the policy coverage is for self. The sum assured given with the policy was good. The customer support is good.
    Was this review helpful? 0
    , chennai
    Reviewed on Jul 19, 2019
  • LIC
    LIC Life Insurance
    "Life secure policy"
    0.5 3.5/5 "Pretty good"
    Since its long time term policy. If anything happens the policy covers for life and family will get secured. Last 6 years before, I took this policy. LIC is a government company and they are trustable hence I have purchased the policy with them. I have been paying the premium amount of Rs. 26026 for every six months. Iâ??m satisfied with the sum assured amount.
    Was this review helpful? 0
    , chennai
    Reviewed on Jul 19, 2019
  • HDFC Life Life Insurance
    "Good for family protection"
    0.5 5.0/5 "Blown Away!"
    I have term plan with HDFC life, I have chosen the sum assured of Rs. 75 lakhs it has the duration of 50 years, life cover is upto 75 years. I make the premium around Rs. 800 per month, it has tax cover, critical illness, waiver on premium at disability. Cancer and Heart attack cover is also there.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jul 19, 2019
  • LIC Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    The reason for getting the policy is because it has provided with the good service. I am using the plan from last more than 20 years. The maturity period is for 30 years and the coverage is for self. The premium paying for yearly once as 12K with the policy.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jul 19, 2019
  • DHFL Pramerica Life Insurance
    "AVERAGE"
    0.5 3.0/5 "Satisfactory"
    I have got the policy along with the home loan taken the DHFL. The maturity period is for 15 years where 10 years i have to pay for yearly once of 25K. It is a TERM PLAN, the documentation process was done and i have received the hard copy too of the policy.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jul 19, 2019
  • LIC Life Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    I am holding the JEEVAN ANAND plan with LIC where i am using from last 11 years, the reason for taking the policy is it is good. The maturity period of the policy is for 25 years, the premium paying for monthly once. The coverage is for self with the policy.
    Was this review helpful? 0
    , pune
    Reviewed on Jul 18, 2019
  • LIC Life Insurance
    "Good insurer"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance in LIC on 10 years before. The policy is for 20 years. I am paying premium in the quarterly package. While getting a policy my agent has given an information about the policy details and provided hard copy documents on time. I use to do payment by providing a cheque to an agent.
    Was this review helpful? 0
    , pune
    Reviewed on Jul 18, 2019
  • SBI Life Life Insurance
    "Need to improive their service"
    0.5 1.0/5 "Really Bad"
    I have taken a term insurance in SBI LIFE on 3 years before.The policy is money back for 10 years. I am paying premium in the yearly package. While getting a policy my agent has given an information about the policy details and delay to provide the documents. At an initial they have told to pay only for 3 times but later it for 7 years.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 18, 2019
  • LIC Life Insurance
    "Good insurer"
    0.5 3.0/5 "Satisfactory"
    I have taken a life insurance in LIC before 4 years ago. The policy is for 20 years. I am paying premium in the yearly package. While getting a policy my agent has given an information about the policy details and provided hard copy documents on time. I use to pay the amount to an agent.
    Was this review helpful? 0
    , coimbatore
    Reviewed on Jul 18, 2019
  • LIC Life Insurance
    "Better"
    0.5 4.0/5 "Great!"
    I have multiple policy with LIC and am just paying the policy, not availed the benefits. I pay online and never contacted the customer support. I am paying yearly 1.5L and the payment mode is easy. I took this policies for future savings and tax benefits.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 18, 2019
  • LIC Life Insurance
    "Good insurer"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance in LIC on 2 years before. The policy is for 15 years.I am paying premium in the quarterly package. While getting a policy my agent has given an information about the policy details and received a hard copy documents on time. Use to do payments by visiting directly to office.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 18, 2019
  • LIC Life Insurance
    "Trust Worthy"
    0.5 5.0/5 "Blown Away!"
    I pay Rs. 50,000 per annum for multiple policies and it has different tenure period and all has tax saving coverage. Even the sum assured is get vary according to the payment which we pay. The agents are professional, I would like to recommended these policies to all.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jul 18, 2019
  • LIC Life Insurance
    "Average Policy"
    0.5 3.0/5 "Satisfactory"
    At the time of my invest, LIC was a best company. I have chosen the policy 10 years back. I am paying the premium amount of Rs. 10,718 for the term period of 20 years. I select the annual payment mode. I will get a sum assured amount of Rs. 2 lakhs.
    Was this review helpful? 0
    , coimbatore
    Reviewed on Jul 18, 2019
  • LIC Life Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    Life Insurance Corporation of India have given me a good amount money when it is paid back. I have invested a money of Rs. 1 lakhs and i have received Rs. 1.73 lakhs after 16 years with a maturity. I make the premium through my account as a Standing instructions.
    Was this review helpful? 0
    , kolkata
    Reviewed on Jul 18, 2019
  • HDFC Life Life Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    I am using the accidental policy where using from last 8months with HDFC LIFE. The premium paying was monthly once with the insurance policy. The benefits with the policy is good but i have not received the hard copy, coverage is for 20L.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 18, 2019
  • LIC Life Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    I am using the JEEVAN ANAND plan since from last 12 years with LIFE INSURANCE CORPORATION OF INDIA the maturity period is for 20 years with the insurance policy. The premium paying was yearly once, it gives the policy coverage for self.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 18, 2019
  • SBI Life Life Insurance
    "Excellent"
    0.5 5.0/5 "Blown Away!"
    I have taken a Pradan Mantri Plan from SBI Life when it was launched. I am paying 300 rupees annually for myself and my wife. I think, if accidental death is happened then the benefits can be claimed. I have enabled auto debit option for the payment.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 18, 2019
  • Bajaj Allianz Life Life Insurance
    "Excellent"
    0.5 5.0/5 "Blown Away!"
    I took a money back policy with Bajaj Allianz and the policy period is 16 years. It was recommended by one of my colleague. I have received the insurance copy and the payment mode is easy. It was taken for future savings because I am blessed with 2 daughters.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 18, 2019
  • LIC Life Insurance
    "Excellent"
    0.5 5.0/5 "Blown Away!"
    I have taken 3policies with LIC, all are endowment policies. LIC is a trusted company and they are reliable in India so have interested to take a policy. I am happy with the benefits. I need to pay the premium for 21 years. Previously I made cash payment and now its convenient to pay online.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 18, 2019
  • HDFC Life Life Insurance
    "Okay Policy"
    0.5 3.0/5 "Satisfactory"
    No reason for choosing my insurance policy from HDFC. For income tax returns i bought the policy. I'm paying the premium upto 7 years and after 10 years i will get the returns to my account. I have been paying the premium amount of Rs. 12148 which is a annual payment. The premium is auto deducted from my account
    Was this review helpful? 0
    , thane
    Reviewed on Jul 18, 2019
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