IDBI Federal Life Insurance Company is one of the reputed insurance companies in India and is known to provide a plethora of insurance products to its customers depending on their various needs. Today, with the help of technology, a person can easily purchase an insurance policy and manage it from the comfort of their homes. If you own a laptop and have a secured internet connection, you can take care of your policy wherever you are.
In order to enjoy the benefits of your policy, you must pay your premiums on a timely basis. There are various modes of premium payment which you can use. We will have a look at some of the modes of premium payments whose facility you can use to pay your premiums.
You can pay your premiums online using your debit card, credit card, wallet, net banking facility, cash cards, EMI facility, UPI facility, or Bharat QPR account. The steps to pay your premiums online using any one of the modes are given below:
You can use the instapay facility to pay your premiums. The steps regarding the payment of premiums are given below:
You can use the Auto-Debit facility to pay your premiums. Under this facility, the premium amount payable will be automatically deducted from your bank account on the prescribed date. The steps regarding the payment of premiums using this facility are given below:
You can use certain offline methods in order to pay your premiums.
You can visit the nearest IDBI Federal Life Insurance Company branch and pay your premiums using your debit card, credit card, or issue a cheque or a demand draft in the name of the insurer. You can also use the direct debit facility if you are a customer of IDBI Bank or Federal Bank.
You can pay your premiums through your advisor. All you need to do is issue a cheque or a demand draft in the favor of ‘IDBI Federal Life Insurance Company Limited Policy No. Xxxxxxxx.’
You can renew your premiums by paying amounts up to Rs.49,999 in cash. You can make the payment at any Common Service Centre outlet.
Hence, these are some of the methods that you can use to pay the premiums and ensure that you continue enjoying the benefits of your policy.
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