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IDBI Federal 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.

IndiaFirst Life Insurance Online Premium Payment Reviews

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  • Bajaj Allianz Life Life Insurance
    "Can do Better"
    0.5 4.0/5 "Great!"
    The coverage value is fine in Bajaj Allianz and benefits are good. I didn't interact much with the agent but at the time of purchasing the policy they have coordinated very well. The policy coverage is minimum, the tax benefits and financial security for unforeseen events is there.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 18, 2019
  • LIC Life Insurance
    "Must policy for every Indian"
    0.5 5.0/5 "Blown Away!"
    LIC is a very good policy in India. I cannot compared the LIC company with any other company in terms of best services and the claim ratio. After the maturity, in the same day the amount will be credited in my account and i don't need to contact anyone. They are providing all of kind of policy which suits for all kind of aged people thats the beauty of LIC.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 18, 2019
  • LIC Life Insurance
    "Excellent Service"
    0.5 5.0/5 "Blown Away!"
    I had taken this LIC Jeevan anand insurance policy a long time back and i had been paying the premium half yearly. I had been paying the premium online and the payment method has been convenient. It has been a good policy and it is suggestible to others.
    Was this review helpful? 0
    , navi mumbai
    Reviewed on Jan 18, 2019
  • LIC Life Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    5 years back, i have purchased the life insurance policy with Life insurance corporation of India. The plan name is jeevan anand and its a good policy to take. I forgot to make the payment on time hence the policy got lapsed. The service of LIC is good. They have sent a regular notification regarding the premium payment.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jan 18, 2019
  • LIC Life Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    Based on the benefits and returns i have chosen this life insurance corporation of India . I am satisfied with the amount which am making for the policy . Am making the payment yearly through online with tenure period of 20 years . This policy cover accidental benefits and critical illness benefits . Overall am happy with it.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jan 18, 2019
  • LIC Life Insurance
    "Benefits should be increased"
    0.5 4.0/5 "Great!"
    I have not much interacted with the customer support of LIC, but their agents are professional. In Jeevan anad policy the maturity value is lesser for 15 years. I make the premium of Rs. 30,000 per annum. After the tenure period I will amount around Rs 4 lakhs. LIC is providing financial security for unforeseen events but need to concernate on benefits.
    Was this review helpful? 0
    , chennai
    Reviewed on Jan 18, 2019
  • LIC Life Insurance
    "Excellent"
    0.5 5.0/5 "Blown Away!"
    Name of the LIC policy is Jeevan Ankpur and tenure is 16 years. The yearly premium is 5061 rupees which I pay through net banking or cheque. The customer service and response was excellent. The benefits are good, it includes accidental or incase of death they will provide sum assured of 10% every year up to 18years of my daughter.
    Was this review helpful? 0
    , indore
    Reviewed on Jan 18, 2019
  • LIC Life Insurance
    "Good benefit"
    0.5 5.0/5 "Blown Away!"
    My life insurance policy was taken with LIC. The payment option is very good. I can make the payment through online banking, credit card, cash and cheque. In 2017, i have purchased this policy. Total term period of the policy is 21 years. I'm satisfied with the sum assured amount. Since its a reputed company and claim process is easy hence i have selected Life Insurance Corporation of India.
    Was this review helpful? 0
    , chennai
    Reviewed on Jan 18, 2019
  • LIC Life Insurance
    "Trusted Policy with LIC"
    0.5 5.0/5 "Blown Away!"
    I have so many policy, the money back is good based on the policy I took the loan. LIC is good there is no issue Its a trusted one. They are very transparent, every 5 years they gave me money bonus and policy cover is good the payment option is very convenient.
    Was this review helpful? 0
    , chennai
    Reviewed on Jan 18, 2019
  • LIC Life Insurance
    "Trusted Policy with LIC"
    0.5 5.0/5 "Blown Away!"
    I have so many policy, the money back is good based on the policy I took the loan. LIC is good there is no issue Its a trusted one. They are very transparent, every 5 years they gave me money bonus and policy cover is good the payment option is very convenient.
    Was this review helpful? 0
    , chennai
    Reviewed on Jan 18, 2019
  • Max Life Insurance
    "Good for tax saving"
    0.5 4.0/5 "Great!"
    AXIS bank suggested Max life its good for the income tax benefits under 80c section, the premium amount is around Rs. 50,000 for 6 years term. On time I got the policy copy, the payment option is good, I need to wait for 20 years but pre closure option is available.
    Was this review helpful? 0
    , chennai
    Reviewed on Jan 18, 2019
  • LIC Life Insurance
    "Must Have"
    0.5 5.0/5 "Blown Away!"
    Its is feasible and I can get the loan based on the policy coverage. I took the Jeevan anand policy probably I make the premium around Rs. 15,000 per year it has term of 20 years, Almost I paid it for 15 years , remaining 5 years to go. LIC Is good for tax benefits.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 17, 2019
  • SBI Life Life Insurance
    "Excellent Policy"
    0.5 5.0/5 "Blown Away!"
    I had taken this insurance policy a long time back, the services which they had been very good. The premium amount has been nominal and has not been high and the payment method has been simple. I can make the payments using my credit card and there has not been any hassle faced with the services of them.
    Was this review helpful? 0
    , chennai
    Reviewed on Jan 17, 2019
  • ICICI Prudential Life Insurance
    "worst policy ever"
    0.5 1.0/5 "Really Bad"
    I am not aware that i am opening insurance with icici while opening my salary Acc. But not they are not closing it . I just feel like i made a big mistake by considering icici for my salary account . Think again if you really think icici is a good choice .
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 17, 2019
  • LIC Life Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I have been holding my life insurance with Life insurance corporation of India, i took my life insurance as the agent of that and he had suggested me good policy explain me well about the coverage and the premium amount they have charged me was nominal they have given me up to 3,000 , it is in monthly basis, and the premium amount gets auto debited from my account.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jan 17, 2019
  • LIC Life Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    I have been holding my life insurance with Life insurance corporation of India from long time, and the agent of LIC was know person so he suggested me best policy and there premium amount they have given me was nominal , the premium amount i use pay on yearly basis,and there is no hidden charged , and i pay premium through auto debit .
    Was this review helpful? 0
    , new delhi
    Reviewed on Jan 17, 2019
  • LIC Life Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I have been holding my life insurance with Life Insurance corporation of India,i took jeevan anand policy , and the agent is my brother , he had explained me clearly and advise me which insurance is good for me and i pay premium on half yearly basis and monthly basis as i have two policy, i use to pay through off line mode.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 17, 2019
  • LIC Life Insurance
    "Best service"
    0.5 5.0/5 "Blown Away!"
    I have been holding my life insurance with Life Insurance corporation of India,i took life endowment policy , and the agent had properly explain me out the plan benefits and policy coverage , he had explained me clearly and advise me which insurance is good for me and i pay premium on quarterly basis,i use to pay premium up to 14000 through on line, i have two policy second policy premium i use to pay 25,000 as an yearly basis,and there patrol is good,they use to update me if any policy they use to update me, i use to pay through on line mode, through neft transfer.
    Was this review helpful? 0
    , chennai
    Reviewed on Jan 17, 2019
  • LIC Life Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    I have been using my life insurance with Life insurance corporation of India, i have taken policy for my family , i have paying premium on half yearly basis up to 65,000 they have charged me , it is nominal for me , i use to pay through off line or on line mode,it depends according to my time, it i want to pay in emergency purpose i need to pay through on line,if there is delay in paying premium they use to charged me up to 230 rupees.
    Was this review helpful? 0
    , lucknow
    Reviewed on Jan 17, 2019
  • Bharti Axa Life Life Insurance
    "Good for nominee savings"
    0.5 4.0/5 "Great!"
    Reason to chose Bharthi Axa, my friend working there hence I took the policy. I have taken term insurance with the coverage of Rs.23 lakhs , I can add multiple nominees, I make the premium of Rs.95,000 its for per annum. It has term of 10 years, now a days they have different options too.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 17, 2019
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