Life Insurance Online Payment

Presently, while you wish to make payments for your premiums for your life insurance policy, you can make the payment online conveniently. There are many modes of online payment available such as internet banking, mobile banking, credit card, debit card etc. You are given an option for automatic payment also where the amount of your premiums gets deducted from your linked bank account directly on monthly, quarterly, semi-annually or annually basis based on the mode of payment for premiums chosen by you. The options for payment include NEFT, eCMS, Standing Instructions (SI) mandate, Electronic Clearing Service (ECS), Auto Debit facility by the Reserve Bank of India (RBI) etc. Such options for online payment will be based on the provider chosen by you. You can pay simply by logging into the insurer’s official website or by visiting the internet banking portal of your bank.