Aditya Birla Sun Life Insurance Co. Ltd. is one of the well-known companies in the Indian insurance market. The company is co-owned by Aditya Birla Group and Sun Life Financial Inc. The company caters to its customers' financial needs, ranging from children's plans, wealth protection plans, retirement, and pension plans.Read more
*Tax benefit is subject to changes in tax laws. *Standard T&C Apply
** Discount is offered by the insurance company as approved by IRDAI for the product under File & Use guidelines
The company has more than 360 branches countrywide with a customer base of more than 17 lakh. The company provides a wide variety of life insurance options for its customers to make online payments, including money-back policies and alluring reward points.
Birla Sun Life Insurance online payments provide stress-free facilities for its applicants to renew or purchase the policies. There are several ways to pay the premium, such as debit card, credit card, e-wallets, UPI, etc. Some of the standard methods of online payment are as follows.
The customer can make online payments through the Insurer's official website and mobile site (M-site). The customer can also pay premiums using quick links 'Pay Premium Option" by providing the policy number and the date of birth of the policyholder; alternatively, the customer can use 'My Insurance' and pay the premium.
It is the most commonly used method for policy renewals. The customer can use the IMPS feature to transfer the funds instantaneously to the insurer without any delay. The steps to pay the premium using net banking are as follows.
The customer can enroll for NACH to relieve pain from remembering the due dates and policy lapse. The steps to enroll for NACH are as follows.
Direct debit is another automated facility that enables policyholders to set up auto-debit mandates on their bank accounts. The customer can avail of the option by submitting the duly filled direct debit form to the branch office and the cancelled cheque leaf with MICR code.
The customer can opt for NEFT by visiting the bank’s website. The following are the steps for NEFT payments.
It is an option that enables the customers to pay the premium amount along with other utility bills.
The steps to make payment using the bill desk and bill junction are as follows.
The policyholder can make payments on an immediate basis with the help of a credit card. The steps for credit card payment are as follows.
The steps for debit card payment are as follows.
The customer can opt for standing instruction on a credit card for paying the premium. The steps to set online standing instructions are as follows.
The online payment process offers a more accessible alternative to the policyholders. The policyholders can choose to make the payments through the Insurer's website or by using the official mobile app. Some of the key advantages of using the Birla Sun Life Insurance online payment process are as follows.
The following information is required to make the online premium towards Birla sun Life Insurance products:
Aditya Birla Sun Life online payment for premium is transacted entirely online on the official website of the insurer and the insurer's mobile app. Online payments are made with the help of the internet and net banking. It provides a stress-free option to make payments. The customer can eliminate the need to stand in long queues or drive long distances to visit the branch location. The key benefit of online payments is their availability round-the-clock with minimal downtimes. The insured can communicate with the insurer directly without the need for a third-party.
Offline payments are tedious as it is a time-consuming process. It also requires the customer to visit the branches only during office hours. The policyholder is at the mercy of the cashier to pay the premium. The offline payments are often dealt with in cash, which requires constant counting and double-checking at the cashier. Also, there is a limit for offline payment.
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