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Premium Payment

whole life insurance

Premium payment has never been simpler. Read on to select your most preferred premium payment option:

 

Pay Online Instantly  |  Bill Desk  |  Bill Junction  |  Credit Card  |  Direct Debit  |  Easy Bill  |  Electronic Clearing System  |  Post Dated Cheques (PDC)  |  Premium Payment through SMS  |  Skypak Drop Boxes  |  MINC Drop Box  |  Others

 

Pay Online Instantly

Online Premium payment enables you to make renewal premium payments and revive your policies through our website www.iciciprulife.com.

 

To avail this facility, you have to log into your customer account and choose the ‘Pay Premium’ option. Payment options for premium payment are credit card (Master/Visa) and Net Banking.

 

Banks for which Net Banking facility is available are:

ICICI Bank
HDFC Bank
Citibank
Axis Bank
State Bank of India
ABN Amro Bank
IDBI Bank
Kotak Mahindra Bank
Punjab National Bank
Bank of India
Union Bank of India
IndusInd Bank
Yes Bank
Oriental Bank of Commerce
Centurion Bank
Karnataka Bank
Corporation Bank
Indian Overseas Bank
Vijaya Bank
South Indian Bank
City Union Bank

Bill Desk

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You can also authorize your premium payments online through Bill Desk.

 

Register yourself at Bill Desk and follow the instructions on their web-site.

Bill Junction

 

You can authorize your premium payments online through Bill Junction.

 

Register yourself at Bill Junction and follow the instructions on their web-site.

Credit Card

You can use the convenience of a Credit Card (Mastercard/Visa/American Express) to make your premium payments.

 

All you have to do is to submit this form along with a clear photocopy of the front side of your Credit Card.

 

You can submit this form at any of our branch offices, mail it to our communication address or hand it over to your advisor.

 

Direct Debit

The Direct Debit facility is another automated facility which enables you to set up auto-debit instructions on your bank account for regular debit of your premium amounts. Depending on your premium due date, the premium gets directly debited from your bank account.

 

In order to avail of this service, your Direct Debit mandate would have to be successfully registered with us. Do note that the first auto-debit payment through the direct debit facility may not occur on the policy due date.

 

To avail this facility, you have to submit the duly filled ECS/Direct Debit Mandate along with a cancelled cheque. On receipt of the same, the Direct Debit facility would be activated for your policy.

 

You can submit this form at any of our branch offices, mail it to our communication address or hand it over to your advisor.

 

The Direct Debit facility is currently available to all account holders of ICICI Bank, UTI Bank, IndusInd Bank, IDBI Bank, Kotak Mahindra Bank (All Branches), Punjab National bank (selected Branches) and Bank of Baroda.

Easy Bill

 

 

You have an option to pay your premium through cheque at Easy bill outlets spread across select cities. You will get an instant acknowledgement for your payment.

 

Click here for an Easy Bill outlet nearest to you.

 

Electronic Clearing System

ECS is an automated facility which debits your premium from the bank account specified by you, on your premium due date. In case of the premium due date falling on a holiday, the premium amount would be deducted on the next working day. Premium payment for ECS locations under the Non-rolling settlement category may not be deducted on the Premium Due Date. This is applicable for all active (in force) policies.

 

To avail this facility, you have to submit the ECS form along with a cancelled cheque (which helps us record the MICR code of your bank- see image). Once you submit this form, we can activate the ECS facility for your policy number.

 

 

 

We offer you an ECS preference date option wherein you can now choose a preferred ECS debit date. Your bank account would be debited on this debit date provided instead of the premium due date. Please note the following points related to this servicing option

 

  1. This is applicable for an existing policy on ECS payment mode
  2. The preferred account hit date is for purpose of premium debit only.
  3. NAV applicable on the account hit date would be allotted to the policy account
  4. All policy benefits would be applicable as per the premium due date mentioned in the policy document
  5. All account details related to ECS debit would remain the same (as provided in the ECS mandate)

 

You can submit this form at any of our branch offices, mail it to our communication address or hand it over to your advisor.

 

To know more about ECS location, click here.

Post Dated Cheques (PDC)

Payments though PDC is an option whereby you can make your premium payments by submitting a minimum of 6 post dated cheques. The cheques would then be submitted for clearing on relevant due dates.

 

All you have to do is submit the PDC application form along with 6 post dated cheques. You can submit the form at any of our branch offices, mail it to our communication address or hand it over to your advisor.

 

Only locally payable cheques can be accepted.

 

Premium Payment through SMS

Now you don’t need to carry cash/cheque book/credit cards or visit any branch to make your premium payments. Your premium payments can be made anytime and from anywhere by sending a simple sms. Premium payments can be authorized through your Master/Visa Credit Cards issued by any bank.
 
All you have to do is:

  1. Register your mobile number and Credit Card details (card no, expiry date and CVV number) by sending an SMS “Mchek” to 56767. You can also register online by visiting the www.mchek.com
  2. Choose a 6 digit PIN which would serve as your security code for making payments 
  3. You would receive a confirmation SMS on successfully completing the registration process on the same mobile number 
  4. Once registered, you can make payments by sending an SMS Mchek <8-digit policy no> <premium amount> to 56767 
  5. Transaction status will be forwarded to the same mobile number used for the transaction and you would get the next working day’s NAV*. (* applicable only for Unit Linked policies)

Skypak Drop Boxes

 

 

 

You can drop your premium cheques at any of the authorized Skypak drop boxes in your area.

 

Click here for the list of Skypak drop boxes.

 

MINC Drop Box

 

 

 

You can drop your premium cheques at any of the authorized MINC drop boxes in your area.

 

Click here for the list of MINC drop boxes.

 

Others

Federal Bank

 

All our policy holders in Kerala have an option to make their premium payments at any of the branches of Federal Bank, without any transaction / service charges. You can either pay by Federal Bank cheque or by cash through the special deposit slips made available at all the bank branches. Please contact your Federal Bank branch for further details.


Infinity

 

Existing ICICI Bank customers have the option of paying their premiums through the Infinity facility. Infinity, like Bill Desk and Bill Junction, allows you to authorize your premium payments online. For details please contact your ICICI Bank Branch.

 

Customers who have Net Banking accounts with any of the below mentioned partner banks can go to the respective website and make online premium payments (service provided  by BillDesk):

 

ABN Amro Bank

Bank of Baroda 

Bank of India 

Bank of Maharshtra

Barclays Bank 

Central Bank of India

Centurion Bank of Punjab

Citibank 

Corporation Bank 

Cosmos Bank 

Dena Bank 

HDFC Bank 

IDBI Bank 

Indian Bank

IndusInd Bank

Jan Kalyan Sahakari Bank 

Kotak Mahindra Bank 

Punjab & Maharashtra Bank 

Punjab National Bank 

State Bank of India 

Suvidha 

Syndicate Bank 

Union Bank of India

Visa BillPay 

Yes Bank 


Karnataka Bank 

 

All policy holders in Karnataka have an option to make their premium payments at any of the branches of Karnataka bank. Premium can be paid by way of cash, local cheque or DD. Payment by way of outstation cheques cannot be accepted. Please contact your Karnataka Bank branch for further details.


 

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