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India First Life Insurance Online Premium Payment

If you are a life insurance policyholder, you need to pay your premiums regularly to keep the policy active. Private life insurer IndiaFirst Life Insurance offers various online channels to help its customers make premium payments easily.
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IndiaFirst Life Insurance Company, which was established in Nov 2009, is among the leading names in the Indian life insurance sector. The company came into existence following a joint venture between the UK-based financial investment company, Legal & General, with two of India's leading public sector banks – Andhra Bank and Bank of Baroda. The company, which will soon complete a decade, was formed with the vision of making affordable insurance solutions accessible to more and more people across India, in order to help them lead a better life.

Currently, the insurer retails a variety of life insurance solutions which include individual insurance plans, group insurance plans, and investment funds. Under individual life insurance, IndiaFirst offers wide range of plans which include protection plans, retirement plans, and savings plans. Under group life insurance, the company sells a variety of plans like employee liability plans, credit plans, term plans, and life insurance plans.

IndiaFirst Life Insurance Online Premium Payment Options

Making your premium payments on time can ensure that you have continued life insurance coverage. However, individuals who have to keep track of various insurance policies and loan repayments may find it challenging to keep track of due payment dates for various policies. To eliminate this very difficulty, IndiaFirst has set up a number of online premium payment options via which policyholders can securely pay due policy premiums.

IndiaFirst website

  • Customers can make their renewal premium payment on the India First Life Insurance website, or even by logging on to the IndiaFirst customer portal.
  • To pay through the website, they must click on the ‘I Want To’ section on the main page of the IndiaFirst website.
  • Upon clicking, various options will be displayed on the page, out of which they must click on ‘Pay Premiums Instantly’.
  • On the next page which appears, you will be able to view the various options for online premium payment and also make your premium payment via the website.
  • To make payment, you will need to enter your policy number, date of birth, and mobile number or email address.
  • After you have put in the details, click on ‘Continue’ and you will be able to see all the details of your policy and also the premium due.
  • Confirm the details displayed on the screen and proceed to make the premium payment.

Net banking

  • Customers who hold an IndiaFirst Life policy and also a Bank of Baroda account can easily make their premium payment using the Bank of Baroda net banking platform.
  • To make premium payment via the aforementioned bank’s platform, customers will be required to register their policy on www.bobibanking.com, after which they can begin making premium payments for their IndiaFirst policy.
  • Policyholders who have accounts with other banks can also use the net banking platform of their respective bank to make premium payment of an IndiaFirst policy.
  • To make such payments, policyholders must first register their IndiaFirst Life as a beneficiary under their respective net banking account. The bank details to be entered are:
Beneficiary A/C Number INDFIS*insert Policy/App No.*
Beneficiary Name Indiafirst Life Insurance Co. Ltd.
Beneficiary IFSC HDFC0000240
Beneficiary Bank Name HDFC Bank
Branch Name Sandoz Branch, Mumbai

Cash Cards/Wallet

  • To further facilitate online payment of premiums, IndiaFirst has now enabled policyholders to make premium payment using online/mobile wallets or cash cards.
  • This method of online payment can be used for payment of policy renewal premiums.
  • Customers can make premium payments using online wallet services like PayTM, JioMoney, and several more.

ECS (Electronic Clearing Services)

  • The ECS facility is an electronic web-based feature wherein the premium amount is deducted from the bank account specified by the policyholder for payment of premiums.
  • This facility is great help to those individuals who may have multiple premium payments to keep track of. With auto-debit, there is no hassle of having to remember the due payment date on a regular basis.
  • To make premium payments via ECS, the policyholders must first submit a duly filled ECS mandate form and a cancelled cheque at any IndiaFirst Life branch.
  • The mandate form and cancelled cheque can also be mailed to CFR Department, IndiaFirst Life Insurance Company Ltd., 301, 'B' Wing, TRIL 4, Infinity Park, Dindoshi - Film City Road, Malad (East), Mumbai - 400 097.

Credit Card Standing Instructions

  • IndiaFirst Life policyholders who hold a Visa or MasterCard credit card can easily make premium payments by setting standing instruction on their credit card.
  • This method of premium payment is easy, secure, and does not require you to fill out any paperwork.
  • To set standing instructions on your credit card for premium payment, you can visit the IndiaFirst website.

Account Transfer

  • Customers can make premium payments swiftly and securely via online account transfer using NEFT (National Electronic Fund Transfer) or RTGS (Real Time Gross Settlement).
  • Policyholders who hold a Bank of Baroda account can also pay premiums via account transfer from a Bank of Baroda ATM.
  • For premium payment via NEFT or RTGS from a non-Bank of Baroda account, the policyholder must add IndiaFirst as a beneficiary to make the account transfer.
  • Following are the details to be entered for adding IndiaFirst as a beneficiary:
Beneficiary A/C Number INDFIS*insert Policy/App No.*
Beneficiary Name Indiafirst Life Insurance Co. Ltd.
Beneficiary IFSC HDFC0000240
Beneficiary Bank Name HDFC Bank
Branch Name Sandoz Branch, Mumbai

IVR (Interactive Voice Response)

  • To simplify premium payments, IndiaFirst Life has also setup a special IVR (interactive voice response) facility which can be used by policyholders holding a credit card.
  • To avail this service, the policyholder must call the IndiaFirst toll-free number i.e. 1800 209 8700.
  • They will be provided with clear instructions by trained executives regarding making premium payment using their credit card.
  • Premium payment using a credit card can only be made by the policyholder if the card has been issued in their (policyholder’s) own name.

Cheque or Cash

  • Customers can make renewal premium payments in cash or by cheque at IndiaFirst Life branches.
  • Renewal premium payments can also be made at various partner bank branches like Andhra Bank branches, Axis Bank branches, or Bank of Baroda branches.
  • IndiaFirst Life policyholders can also pay policy renewal premiums in cash or by cheque, up to a maximum amount of Rs.49,999 at Common Service Centres located across India.
 4.5 / 5.0   by 19623 users
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IndiaFirst Life Insurance Online Premium Payment Reviews

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  • SBI Life Life Insurance
    "Good Policy"
    0.5 5.0/5 "Blown Away!"
    My friend has recommended me about the life insurance policy from SBI LIFE. I pay the premium amount of Rs. 13,500 in a every quarter. I don't remember aboutsum assured value. The amount is automatically deducted through ECS. Its a money back policy.
    Was this review helpful? 0
    , coimbatore
    Reviewed on Oct 21, 2019
  • LIC
    LIC Life Insurance
    "Good insurer"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance in on 8 years before. The policy is for 30 years. I am paying premium in the yearly package the amount of 36 thousands which is nominal. The total coverage is 15 lakhs. Policy name as Jeevan anadha policy. Charges are applicable and it is nominal.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Oct 21, 2019
  • LIC Life Insurance
    "Good and believable company to take the policy"
    0.5 4.5/5 "Excellent!"
    LIC is a good and very old company so that we believe on the policy holders and all my family members are using LIC so i have taken the life insurance policy with them. Terms and conditions are good in money back policy so i purchased it. I have been paying the premium amount of Rs. 13000 per year. I make my premium by cheque through the agent.
    Was this review helpful? 0
    , asansol
    Reviewed on Oct 20, 2019
  • LIC Life Insurance
    "Good insurer"
    0.5 5.0/5 "Blown Away!"
    I have taken one life insurance policy with Life insurance corporation of India on 6 months before, the agent had clearly explain me about the plan benefits and policy is jeevan santhi, the premium amount i use to pay on monthly basis, so i use to pay the premium amount through an online.
    Was this review helpful? 0
    , coimbatore
    Reviewed on Oct 20, 2019
  • LIC Life Insurance
    "Below Average"
    0.5 2.0/5 "Expected more"
    I have taken a 4life insurance with LIC and doing the premium of around 12,000rupees per annum through online and ECS. Their customer service needs an improvement. They are not good in the benefits. The tenure is 10 and 15years. It was taken for tax and future benefits.
    Was this review helpful? 0
    , pune
    Reviewed on Oct 19, 2019
  • HDFC Life Life Insurance
    "Good"
    0.5 5.0/5 "Blown Away!"
    I have started life policy in HDFC LIFE 2years ago, am paying premium of 43K per year and the tenure is 15years. I did not remember the policy name. Am getting the statements within 5mins through my email address when I make the payment through online.
    Was this review helpful? 0
    , kochi
    Reviewed on Oct 19, 2019
  • LIC Life Insurance
    "Security based policy"
    0.5 4.0/5 "Great!"
    My life has been insured with Life Insurance Corporation of India. For the security purpose, i have chosen them. I have been paying the premium amount of Rs. 14000 on a half yearly basis. I'm satisfied with the sum assured amount provided by them. I make the payment through online.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Oct 18, 2019
  • LIC Life Insurance
    "Endowment won't give cash benefits."
    0.5 5.0/5 "Blown Away!"
    Earlier i have done the policy from LIC without any reason. I have a endowment plan. I'm paying the premium amount of Rs, 60000 per annum. I'm satisfied with the sum assured amount. Total term period of the policy is 18 years. Its a tax benefits policy.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Oct 18, 2019
  • LIC Life Insurance
    "Good"
    0.5 4.0/5 "Great!"
    I have 3policies with LIC because its convenient and one of my friend referred me to LIC so have purchased these policies. I never contacted the customer service and the policies not matured yet. They have well explained the terms and conditions, maturity amount before taking the policy.
    Was this review helpful? 0
    , new delhi
    Reviewed on Oct 18, 2019
  • LIC Life Insurance
    "Good Service"
    0.5 5.0/5 "Blown Away!"
    I have Life Insurance policy which was taken through LIC agent.This was a Money Back policy and it was taken on the year of 2005 ,I am paying the premium on quarterly basis,I am paying the premium through branch ,I have got all the required details about the policy very clearly and there was no difficulties faced so far ,I have got the policy documents on time .
    Was this review helpful? 0
    , hyderabad
    Reviewed on Oct 18, 2019
  • LIC Life Insurance
    "Excellent"
    0.5 5.0/5 "Blown Away!"
    I am having 4policies with LIC which is Money back and endowment policy. I am doing periodic payment, the total sum assured is 30L. The premium is deducted from my salary, around 9K. The maturity benefits are very good. The tenure is around from 20 to 23 years. It was taken for both future savings and tax benefits.
    Was this review helpful? 0
    , kolkata
    Reviewed on Oct 18, 2019
  • LIC Life Insurance
    "Good"
    0.5 5.0/5 "Blown Away!"
    I have too many of policies with LIC and its good. The benefits are good and well explained by the agent. The payment mode is ECS and am getting the statements and notification through SMS. Even the agent is doing good support and the plan was taken for future savings purpose.
    Was this review helpful? 0
    , chennai
    Reviewed on Oct 17, 2019
  • HDFC Life Life Insurance
    "Good insurer"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance on HDFC LIFE on 5 months before only. The policy is for 20 years. I am paying premium on monthly package the amount which is nominal. While getting a policy my agent has given an information about the policy details. My father has taken an insurance for me. Use to do payment through an online. It covers up to myself only.
    Was this review helpful? 0
    , amritsar
    Reviewed on Oct 17, 2019
  • LIC Life Insurance
    "Good Service"
    0.5 1.0/5 "Really Bad"
    I have taken Life Insurance policy direclty through LIC agent .I have got all the information abotu the policy very clearly through the agent.This policy is fo the tenure of 25 years and need t pay the premium once in 3 months .I am paying the premium through cheque it will be given to the agent .
    Was this review helpful? 0
    , ahmedabad
    Reviewed on Oct 17, 2019
  • LIC Life Insurance
    "Good Service"
    0.5 3.0/5 "Satisfactory"
    I have availed Life Insurance policy through LIC agent only.This was a Jeevan Saral Policy and the tenure is for 15 years.This was a Money Back policy and the premium is paid on ome time only and it was less .I have got my policy documents on time and got all the relevant details about the policy very clearly through the agent .
    Was this review helpful? 0
    , jalandhar
    Reviewed on Oct 16, 2019
  • LIC Life Insurance
    "Good Service"
    0.5 3.0/5 "Satisfactory"
    I have taken Life Insurace policy trough LIC agent direclty .Ths was a Money Back policy for the tenure of 20 years .I am paying the premium through online .Premium is very nominal and got all the relevant details about the policy very clearly through the agent I am paying the premium on yearly basis.
    Was this review helpful? 0
    , mainpuri
    Reviewed on Oct 16, 2019
  • LIC Life Insurance
    "Good Service"
    0.5 5.0/5 "Blown Away!"
    I have Life Insurance policy which was taken direclty through LIC agent.This was a Jeevan Anand policy which is a Maturity benefit policy for the tenure of 20 years .The premium is paid on quarterly basis and there was no difficulties faced so far when availed this policy.I will be paying the premium through the agent.
    Was this review helpful? 0
    , mumbai
    Reviewed on Oct 16, 2019
  • LIC Life Insurance
    "Good insurer"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance in LIC on 9 years before. The policy is for 15 years. I am paying premium in the quarterly package the amount of 6 thousands which is nominal. While getting a policy my agent has given an information about the policy details. It covers myself and children. It is a jeevan anadha policy.
    Was this review helpful? 0
    , kanchipuram
    Reviewed on Oct 15, 2019
  • LIC Life Insurance
    "Good Policy"
    0.5 5.0/5 "Blown Away!"
    I have taken my life insurance policy from LIC. It was a Jeevan Umang. Its almost 150 years old which covers for 95% and the people invested in LIC is higher when i compared to others. This policy has two benefits one its a life insurance policy and other is pension covered policy. After 60 of years of age, i will get the pension.
    Was this review helpful? 0
    , vellore
    Reviewed on Oct 15, 2019
  • LIC Life Insurance
    "Medium"
    0.5 3.0/5 "Satisfactory"
    One month before I have taken a personal loan so they made to take life insurance with LIC company. On one payment need to do fully. In case if we missed to do payment or for some other reason unable to do from insurance they will claim full amount. Myself applicable for 10 lakhs but taken for 5.5 lakhs.
    Was this review helpful? 0
    , pondicherry
    Reviewed on Oct 14, 2019
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