ICICI Term Insurance Premium Payment

ICICI Term Insurance Premium Payment is a hassle-free and secure process to ensure that your coverage stays intact and uninterrupted. ICICI Prudential Life Insurance realises the significance of prompt premium payments in order to keep your term insurance policy active. In this article we will talk about how to pay your ICICI Prudential term insurance premium payment, how to download the plan payment receipt and why it is important to pay the ICICI Prudential term plan payment on time.

Steps Involved In ICICI Term Insurance Premium Payment

ICICI Prudential term insurance payment can be done through 3 ways. Let's have a detailed look at each one of them below:

Online Process

With the help of its secure online platform, ICICI Term Insurance enables policyholders to easily pay their premiums. This easy-to-use digital process eliminates the need for cumbersome paper forms and provides a smooth experience. The following are the steps involved in ICICI term insurance payment online:

• Visit ICICI Insurance Company's official website i.e. www.iciciprulife.com.
• Navigate and click on the 'Pay Premium' option under Quick access in the main page. You will be redirected to a new page.
• Enter your date of birth, policy number, registered mobile number or e-mail id and click on ‘Proceed’.
• The website will retrieve the data linked to the policy and display the premium amount that is due on the screen. Use any of the available payment methods such as debit card, credit card, net banking, UPI and mobile wallet.
• Download your receipt for premium payment and save it for future reference.

Offline Process

ICICI realises that certain policyholders favour offline modes of premium payment as well. ICICI Prudential Life Insurance offers a stress-free offline premium payment process to cater their needs.

To make premium payments, customers may visit a nearby ICICI branch or authorised payment centre in person. Policyholders have the option to send their premium dues through registered post or by providing a cheque/DD under our firm's name.

Auto Debit Option

Auto-debit mode can be selected to pay premiums for ICICI Term Insurance. Policyholders can ensure timely payments in a convenient and easy way through this. On the due date, with the auto debit facility, your premium amount is deducted from your designated bank account automatically. The auto-debit option for paying ICICI term insurance premium helps to simplify the process involved and helps policyholders avoid missing payment risks. It ensures that your premium payments are made timely. The requirement of manual intervention is eliminated and policy lapses are reduced.

How To Download ICICI Term Plan Premium Payment Receipt

• Visit ICICI Insurance Company's official website i.e. www.iciciprulife.com.
• Go to ‘Customer Services’ on the main page.
• Select ‘Premium Paid Certificate’.
• Enter the required details like policy number or phone number, and your date of birth.
• Click on proceed to download your ICICI term plan payment receipt.

Why To Pay ICICI Term Plan Premium Payment On Time?

ICICI Term Plan premium payments should never be put off because they are important for a number of reasons. Following are the reasons why regular premium payments are essential: