Kotak Life Insurance is one of the most reputed insurance companies in India. It is known to provide a plethora of insurance products depending on the various needs of its customers. You can easily purchase an insurance plan of your choice by visiting the official website of the insurance company. In order to enjoy the benefits of your insurance plan, you will have to pay your premiums on a timely basis.
You can easily pay your premiums by visiting the official website of Kotak Life Insurance. You can choose different modes of payment in order to pay the premiums online. We will have a look at some of the methods that you can use in order to pay your premiums.
There are different types of payment modes through which you can pay your premiums and enjoy the benefits of your insurance policy.
You can pay your premiums via NEFT by logging into net banking of your bank account and selecting the NEFT option. The details of the beneficiary to which you will have to send the premium amount are given below in the table below:
|Beneficiary account number||99800KLIFExxxxxxxx (The number after KLIFE will be your 8-digit policy number)|
|Type of account||Current Account|
|Name of the beneficiary||Kotak Mahindra Life Insurance Company Limited|
|Name of the bank||Kotak Mahindra Bank|
|Name of the branch||MUMBAI KALINA|
You can use your credit card details to pay your premiums. The process of how you can pay your premiums via your credit card is given below:
You can visit the nearest Kotak Life Insurance Co Ltd branch in order to pay your premium by using your credit card. If you have opted to pay your premiums via credit card, it is important that the credit card has been issued only in your name.
You can pay your premiums by using your debit card. The process to pay your premiums using your debit card is given below:
You can use the Visa debit card of the following banks to pay your premiums:
You can pay your premiums by using the internet banking facility. The steps on how you can pay your premiums using the internet banking facility are given below:
You can pay your premiums using the internet banking facility of the banks given below:
Given below are the steps that you will have to follow if you wish to pay your premium using the IMPS facility:
You will receive an instant confirmation on your mobile phone once the payment has been completed.
Below given are the list of banks which provides IMPS facility:
You can pay your premiums using the ‘Bill Desk’ facility by following the steps give below:
You will have to register yourself for the Electronic Bill Payment facility by contacting your respective bank. Once you have registered, you will have to select Kotak Mahindra Insurance Co Ltd as the biller. You can then log in to your netbanking account and pay the premium amount payable.
Some of the banks which provide this facility are:
ING Vysya Bank
Kotak Mahindra Bank
State Bank of India
Union Bank of India
Bank of Maharashtra
You can visit the official website of the Kotak Mahindra Life Insurance Co Ltd to check the list of banks who provide this facility.
You can use the ‘Direct Debit’ facility to pay your premiums if you have a bank account with any one of the banks given in the list below:
You can direct your respective bank to auto debit the premium amount from your bank account on the due date. You can avail this facility if you have a bank account at HDFC Bank and Kotak Mahindra.
You will be required to submit a standing instruction form filled duly by you. Once the form is verified, you will be eligible to use this facility. You can submit the form at any of the Kotak Mahindra branches or send it to the address given below:
Kotak Mahindra Life Insurance Company Ltd. Kotak Infiniti, Building No. 21, Infinity Park 5th Floor, Zone 2. Off Western Express Highway General A K Vaidya Marg Malad (E), Mumbai - 400 097
This facility can be extremely convenient for you as the premium amount is automatically auto-debited from your bank account on the date on which the premium is to be paid. The ECS facility provided by Kotak Life Insurance is available in 81 locations. All you need to do is submit a duly-filled ECS form along with a cancelled cheque at any of the Kotak Life Insurance branches or send it via mail to the address given below:
Kotak Mahindra Life Insurance Company Ltd. Kotak Infiniti, Building No. 21, Infinity Park 5th Floor, Zone 2. Off Western Express Highway, General A K Vaidya Marg Malad (E), Mumbai - 400 097
There are some offline methods that you can use to pay your premiums. Some of them are mentioned below:
Hence, these are some of the methods that you can use to pay your premiums if you have purchased an insurance plan from Kotak Life Insurance Company.
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