Indiafirst Life Insurance Online Premium Payment

• 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

Established in the year 2009, IndiaFirst Life Insurance is one of the latest entrants to the life insurance industry in India. Since the day of its establishment, the company has acquired a strong customer base through its diverse range of policies that includes term plans, endowment plans, ULIPs, retirement plans, child plans, etc. The life insurance policies offered by IndiaFirst can be used to achieve specific goals and engage in proactive financial planning. When you have a life insurance cover, you need to pay your premiums regularly to keep the policy up-to-date and enjoy your benefits.

There are many ways in which you can pay the premiums for your IndiaFirst Life Insurance cover. While it is possible to visit the branch office directly to pay the premium, online modes are the most effective. In this way, you can pay your premium from anywhere without taking time out of your busy schedule to visit the branch office. Let’s take a look at the different ways in which you can pay renewal premiums for your IndiaFirst life insurance policy.

IndiaFirst Life Insurance Website

Paying premiums through the IndiaFirst website is a very simple process. If you have a registered account, you can simply login into the portal and pay the premium securely. You may also proceed to pay the premium simply by entering the policy number and your personal details. The step-by-step instructions for paying premium through the website are given as follows:

• Visit the official website of IndiaFirst Life Insurance at https://www.indiafirstlife.com/.
• On the floating menu bar located at the bottom of the page, click on ‘pay premium’.

• On the resulting page, enter your policy details, phone number/email ID, and date of birth.
• Once you click on ‘continue’, you can choose the preferred online premium payment method and pay the outstanding premium.
• You may also sign in into your account by clicking on the ‘Login’ button located at the top right corner of the homepage.
• Once you have logged in, you may choose the policy and proceed to pay the premium online.

Net banking method

The net banking facility offered by IndiaFirst offers another simple solution for paying your renewal premium online. You may use the net banking facility offered by Bank of Baroda or you can add IndiaFirst as a beneficiary in your bank account and transfer the outstanding premium amount. The step-by-step instructions for using this payment mode are listed as follows:

• If you have an account at Bank of Baroda, you can register your policy on https://www.bobibanking.com/ and start making the payment instantly.
• If you use another bank, you may login into your bank’s website and register IndiaFirst as a beneficiary.
• Once you have registered, you can simply transfer the premium amount to the company’s account. You can use the account details given in the following table.

Wallets or cash cards

You may also pay the premium amount with the help of mobile wallets or prepaid cash cards. Policyholders can use various wallets including Jio Money and Paytm to proceed with this payment option.

Standing instructions for auto payment

In addition to regular online payments, you may also set standing instructions for auto payment of premiums. You can set standing instructions through Electronic Clearing Services (ECS) or credit card payments. The procedure for setting standing instructions are given as follows:

• ECS: If you wish to sign up for ECS, you must submit a mandate form that provides the details of your bank account. In this form, you must authorise IndiaFirst to debit money from your bank towards the payment of premium charges. You must submit the mandate form along with a cancelled cheque at any of the nearest IndiaFirst branch office. You may also send these details through the post.
• Credit card: The procedure for setting standing instructions for a credit card is quite simple. You can login into your IndiaFirst account and set standing instructions for your MasterCard or Visa credit card. This can be done completely online, and there is no need for any paperwork.

Interactive Voice Response (IVR)

Customers of IndiaFirst Life Insurance can also pay their renewal premiums through the interactive voice response (IVR) service offered by the company’s call centre. You have to use your credit or debit card to use this payment mode. This service can be accessed as follows:

• You can call the company’s toll-free number 1800 209 8700 and follow the instructions provided.
• Use your credit card or debit card to pay the outstanding premium amount.
• The credit or debit card used for the transaction must be in the name of the policyholder or proposer.

Conclusion

Listed above are the most common methods used by IndiaFirst policyholders to pay their renewal premiums. If you are not comfortable with online payment modes, you may visit the branch office and pay the premiums through cash or cheque. However, the online payment modes listed here are the most convenient and time efficient as they let you pay from the comfort of your own home. If you have any doubts regarding these payment modes, you may call the company’s customer service department and get your doubts cleared.