• IDBI Federal Life Insurance Online Premium Payment

    Life Insurance
    • Premiums as low as Rs.17/day for sum assured of Rs.1 crore*
    • Claim up to Rs. 1,50,000 deduction under section 80C**
    • Choose between annual and monthly premium payment options

    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.

    Payment of premiums using Debit Card, Credit Card, Wallets, Net Banking, Cash Card, EMI, Bharat QPR, and UPI

    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:

    • Enter your policy number and date of birth.
    • Solve a simple math problem given below for security purposes. Click Enter.
    • You will be directed to a separate page where you will be shown options through which you can pay your premiums. You can pay your premiums using your credit or debit card. You can also make use of your net banking account, UPI account, Bharat UPI account, or any money you may have in the IDBI Federal Life Insurance wallets. You can also pay the premiums using cash cards or the EMI facility.
    • Choose your mode of payment and pay the premium.

    Payment of premiums using the Instapay facility

    You can use the instapay facility to pay your premiums. The steps regarding the payment of premiums are given below:

    • Visit the website or mobile application of the bank with whom you hold a bank account.
    • Select Billpay or Instapay or Utility Pay option.
    • Select IDBI Federal Insurance to whom the payment needs to be made.
    • Enter your policy number and date of birth. Verify the details of the bill and make the payment.

    Payment of premiums through Auto-Debit facility

    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:

    • Visit the official website of the IDBI Federal Life Insurance company and download the National Automated Clearing House (NACH) form.
    • Duly fill the form and submit it by sending it via post to the head office of the insurance company.
    • You will be able to use this facility after the insurance company verifies the details mentioned in the form.

    Payment of premiums using other offline methods

    You can use certain offline methods in order to pay your premiums.

    Paying premiums by visiting one of the branches of IDBI Federal Life Insurance Company Limited

    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.

    Paying of premiums through your advisor

    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.’

    Paying of premiums through Common Service Centre Outlet

    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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