Confused About Right Life Insurance Plan?
ICICI Prudential is one of the most sought-after companies in the market when it comes to life insurance. Their customer-centric products and unparalleled customer support services have won them a fair share of the insurance market.
ICICI Prudential offers a host of premium payment options, both offline and online, for customers, making it easy for them to clear their payment without any hassle.
But before you zero in on a particular mode of payment from the list of online and offline options, you must make your pick and consider the option which is most suitable for your premium payment.
For the purpose, let's take a look at the available premium payment options extended by ICICI Prudential.
ICICI Prudential has various payment gateways online that allow customers to pay premium seamlessly with a click. To access the gateway of premium payments, you must have a strong internet connection. You can access any of these gateways of payment from your mobile or computer system.
Listed below are some of the online modes of premium payment by ICICI Prudential.
Using Unified Payment Interface or UPI is one of the quickest and the easiest modes of payment. To avail the benefits of this mode of premium payment, you must have your bank accounts linked to the Unified Payment Interface.
Follow the steps listed below to pay ICICI Prudential Life Insurance premium via UPI:
If you are not a registered user, then check the ICICI Pru login & registration process.
Paying via debit/credit card is another easy way to successfully pay ICICI Prudential Premium on time. You can use the ICICI website to complete your premium payment online.
Here is how you can do it:
Note: You may also use ICICI Pru Life Net Banking facilities and pay using your debit and credit card.
To use the e-collect facility by ICICI Prudential Life Insurance, you must fill in the NEFT and RTGS form from your respective bank branch. You should be able to transfer money using the NEFT facility into your ICICI Prudential Life Insurance account.
Take note of the details mentioned below while filling the form:
Beneficiary Name: ICICI Prudential Life Insurance Company Limited
Beneficiary Bank: ICICI Bank
Bank Branch: CMS Branch, Mumbai
Beneficiary IFSC code: ICIC0000104
Bank Account Number: IPRUXXXXXXXX (where XXXXXXXX denotes application/policy number) The bank account number to transfer the funds will be a combination of 'IPRU' and policy number/application number.
Alternatively, you may follow the steps listed below to make the payment of premium:
ICICI Prudential Payment can be paid through e-wallets like Paytm, Mobikwik and Jio Money. You can download any of these e-wallets from the Play/App Store. You must also make sure that you have enough money in your e-wallet to be able to make the payment for the premium. In case you do not have adequate funds in your e-wallets, you can add money to your wallet by clicking the 'Add Money' option.
Listed below are the steps to make premium payment using e-wallets:
Note: You may also pay your premium directly via the e-wallets. You must download the e-wallet app in your smartphone and log in with your credentials. Tab on the 'Insurance' button, select ICICI Prudential as your insurance service provider, enter your policy number and make the payment.
You may also choose to pay via the ICICI Prudential App which you can download from the Play/App Store. Follow the steps mentioned below to make payment via ICICI Pru App.
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Customers who prefer to opt for the traditional mode of premium payment for ICICI Prudential plans can consider paying via various offline methods of payment. Let's take a look at some of the available offline payment gateways.
By availing of the direct debit facilities extended by ICICI Prudential, you can pay the premium without having to worry about missing a date. You must enable auto-debit instructions on your bank account to get started.
Follow the steps listed below to enable auto-debit facility for ICICI Prudential premium payment:
To enable standing instructions for direct debit, visit the ICICI Prudential website and click on 'SI' or Standing Instruction as shown in the picture below.
ICICI Prudential customers can avail the benefit of dropping their cheques in the dropbox(s) at every ICICI branch office. Alternatively, you can also drop your cheques at MINC Dropboxes across various locations.
Lastly, you may pay the premium towards your ICICI Prudential policy via cash or cheque. ICICI Prudential policyholders can walk into any of the branches of the following banks for payment in cash:
Note: Payments up to Rs. 49,999 are only accepted if you choose to pay your premium in cash. In case you are paying by cheque, you may deposit the same at the drop box at any ICICI Bank branch or at your nearest MINC offices.
For any queries or concerns related to the payment of premium, you may call at 1860 266 7766 or mail your concerns at lifeline[at]iciciprulife[dot]com.
If you have bought your ICICI Prudential Life Insurance policy via PolicyX.com, you can dial 1800 4200 269 for any queries in regards to the payment of premium or simply write to us at helpdesk[at]policyx[dot]com and we shall address your concerns at the earliest.
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Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.