ICICI Term insurance offers you high coverage against the risk of life. It is one of the most popular and economical types of life insurance products. One of the factors before investing in an ICICI Term insurance plan is to check the premium payment options available. Insurance plans come with different options of paying a premium. Consider all options before choosing a policy suited for you.Read more
ICICI Prudential Life Insurance Company Ltd. is a collaboration between ICICI Bank Ltd. and Prudential Corporation Holdings Limited. The company started its operations in the Financial year 2001, offering a diverse range of long-term savings and protection insurance products to meet the different life stage needs of customers. ICICI Term insurance plans, one of the most common and popular products, secure the financial future of the policyholder’s family in case of an unforeseen event. ICICI Prudential offers online and offline options to pay premiums towards your policy. Let’s discuss the various ICICI Term insurance premium payments options in detail
To continue receiving policy benefits and coverages, it is very important to pay your policy premiums regularly on time. ICICI Term Insurance premium payment process is hassle-free and simple. You can choose any of the following options to pay premiums to make sure your family is always safe and secure.
Net banking, also called internet banking or online banking, is an electronic payment platform that allows you to conduct various types of transactions using the internet from the comfort of your home. ICICI Prudential account holders can make premium payments easily by their bank's website via Net banking. Before this ensure that ICICI Prudential Life Insurance is one of the registered partners for payments. So pay ICICI term insurance premium through net banking by choosing the bank to pay premium from the list of banks available.
Log in to Internet banking
Enter the User ID or Registered Mobile number
Choose to pay bill in a few clicks
ICICI Term insurance policyholders can pay premium amounts through infinity. They can also link their plans to their ICICI Bank account helps the client to manage their plans through their net banking account. Buyers can make an ICICI Term Insurance premium payment, then check funds, and can also do electronic transactions via their online ICICI Bank account.
Login to http://infinity.icicibank.com
Enter the user name and password
Make the payment
Policyholders can pay premiums online through their credit or debit card. ICICI accepts premiums payments through Master card, RuPay, and Visa debit card, and in the case of credit cards, the payment is accepted by Visa, MasterCard, Diners, Discover, American Express, and Maestro.
Click on Pay Now in the Credit/Debit card payment option
Enter details such as Policy number, mobile number, Email-Id, date of birth
Click on Pay Now
Then, provide your card details and other policy details if required
Proceed for premium payment
NEFT is a country-wide e-fund transfer system for transferring the amount from one bank account to another in a hassle-free and safe way. You can make an RTGS/NEFT transfer to pay your premium amounts. Account-holders can log in to their net banking account and make payments using NEFT/RTGS. Following details are required to enter while making payments:
Name of beneficiary i.e., ICICI Prudential Life Insurance Company Ltd.
Bank of beneficiary i.e., ICICI Bank
IFSC Code of Beneficiary
Bank account number
You can make ICICI Term insurance premium payment through largely all websites of banks. Follow the steps to make payments through BBPS:
Visit Bill Pay
Select Insurance group
Select ICICI Pru life insurance
Enter all the required policy details
You can also pay using any mobile application registered with BBPS such as Gpay, BHIM, PhonePe, etc.
ICICI Term Insurance Premium Payment through UPI is faster and simpler. Here are the steps to pay premiums using UPI:
Select UPI as an option of paying a premium
Approve the payment on UPI Application
If you are making payments with the Google Pay application, enter your valid VPA address. Other UPI applications can also be used such as PhonePe, Paytm, etc. You can easily download these apps from the play store or Apple store.
Visit the official website of ICICI Prudential
Choose Bharat QR
Scan the QR code to pay your ICICI Term insurance premium
Pay your ICICI Term insurance premium amount using your e-wallet facility. This facility accepts payments through Jio Money, Airtel Money, and Mobikwik. Steps to follow are:
Login to the e-wallet
Select Insurance categories such as ICICI Prudential life insurance
Enter policy details
Proceed to pay the premium
It is a facility that regulates several bank accounts into a single mobile app, merging different banking features, easy fund routing, and merchant payments. With ICICI, customers can avail of the UPI facility and efficiently set mandates on their plans for a premium amount up to Rs. 2 lakhs with 1 step authentication feature. The facility of UPI Autopay can be started by account holders on their UPI app via an e-mandate, therefore offering a secure and fast premium service.
This is another automated system that helps you to set up auto-debit advice on your bank account for a fixed debit of premiums.
It is an automated facility that debits your premium amounts from the bank account chosen by you on your premium due date. ICICI Policyholders can pay the premium amount through the ECS option by submitting the mandate application along with a cancelled cheque at any ICICI’s nearest branch.
ICICI policyholders can also enroll for the auto-debit facility through their bank’s website. Follow the below steps:
Login to the internet banking
Visit the Manage-Billers
Then, Select insurance
Then, choose ICICI Prudential life insurance
After this, enter policy details and enroll
Account-holders can pay the ICICI Term insurance premium via the NACH payment option by submitting the mandate application along with a cancelled cheque at any branch of ICICI. NACH is an automated option that debits your premium amount from the bank account chosen by you on your premium due date.
You can drop your cheque of premium amount in the ICICI ATM Dropbox to avail yourself the convenience
Another easy method to pay ICICI Term insurance premium is through MINC Dropbox placed at selected branches. ICICI Life account holders can drop their cheque of premium at drop boxes.
ICICI Prudential account holders can visit any of the ICICI Bank's nearest branches across India to opt for the facility of ICICI Term Insurance premium payment through cheque (transfer/local) and cash i.e., up to 49999.
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