Published Nov 3, 2025 3 mins read

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Introduction

Paying your Bajaj Life Insurance premium on time ensures your policy stays active and your loved ones remain financially protected. With Bajaj Finserv, premium payments are now quicker, easier, and completely online — no queues, no paperwork, just a few clicks. Whether you prefer the website or mobile app, Bajaj Finserv provides multiple secure ways to make your life insurance premium payments smoothly.


Let’s explore how you can conveniently pay your Bajaj Life Insurance premium online and manage your policy effortlessly.


Pay Bajaj Life Insurance payment online on Bajaj Finserv


Paying your insurance premiums may seem like a hassle, but with Bajaj Life Insurance's new online payment system, it has never been easier. Bajaj Life Insurance is one of the most reputable insurance providers in India, offering a wide variety of life insurance plans to meet the diverse needs of customers. The company's online payment system allows policyholders to pay their premiums quickly and easily, without leaving their homes.


You can pay life insurance premiums using the BBPS platform on Bajaj Finserv as well.   Bajaj Pay allows you to pay your Bajaj Life premium online from the comfort of your home. Visit the Bajaj Finserv website or app to make the payment and use from the various payment modes available for your convenience.

Key benefits of paying Bajaj Life Insurance premium on Bajaj Finserv

Bajaj Finserv offers a smooth, transparent, and quick payment experience for policyholders. Here are some of the top benefits:
 

  • 24x7 convenience:


Pay your premium anytime — day or night — from the comfort of your home using the Bajaj Finserv website or app.
 

  • Multiple payment options:

 

Choose from a range of payment methods such as cards, UPI, wallets, or net banking.
 

  • Instant confirmation:
     

Get real-time payment confirmation and receipts via SMS and email.
 

  • Safe and secure platform:


Enjoy peace of mind with robust encryption and security protocols that keep your payment data safe.
 

  • Hassle-free record access:


Access your premium payment history and download receipts anytime from your Finserv account.

What are the Bajaj Life insurance plan details?

Bajaj Life Insurance offers a wide variety of plans to match different life stages and financial goals. Here’s a quick overview:


  • Term insurance plans:

 

These offer pure life cover at affordable premiums, ensuring your family’s financial security in case of unforeseen events.


  • ULIP (Unit Linked Insurance Plans):

 

Perfect for those who want to combine protection and investment — ULIPs help grow your wealth while keeping your loved ones secure.


  • Endowment plans:

 

Ideal for those looking for savings and protection, these plans provide a lump-sum payout on maturity.
 

  • Child plans:

 

Secure your child’s education and future expenses even if you’re not around to provide for them.
 

  • Retirement plans:


Build a steady income stream for your post-retirement years through long-term investment and protection.
 

Start your journey towards financial freedom today — choose a Bajaj Life Insurance plan that fits your goals and budget. Explore plans and get quote!
 

Fees and charges


A convenience fee of up to 2% will be charged depending on the transaction amount and payment mode (inclusive of applicable taxes). For more information on fees and charges, click here.


Note: For failed transactions, the total amount including charges except taxes are reversed.


Bajaj Life Insurance: Late payment charges


  • 2% per month of the unpaid premium amount applies from the due date onwards.
  • Minimum penalty: Rs. 100, even if the late payment amount is smaller.

Steps to make Bajaj Life Insurance premium payment online on the Bajaj Finserv app

You can make Bajaj Life Insurance premium payment online using the Bajaj Finserv app by following these steps:
 

  • Download the Bajaj Finserv app from the Google Play Store or App Store and install it on your device
  • Open the app, log in, or register if you are a new user
  • Go to ‘BILLS AND RECHARGES’ and select ‘LIC/INSURANCE’ under ‘FINANCIAL SERVICES AND TAXES’ section
  • Choose ‘BAJAJ LIFE INSURANCE’ as your issuer
  • Enter your policy number and DOB and click on ‘FETCH YOUR BILL’
  • Select a payment method from the list of available payment options such as credit cards, debit cards, and net banking
  • After choosing your preferred payment mode, enter the requested payment details
  • Check the details you entered and click on 'PAY NOW’

You will receive a notification from Bajaj Finserv after successful payment.
 

Steps to pay Bajaj Life Insurance premium online on the Bajaj Finserv website

 

Here is how you can your life insurance premium online on the Bajaj Finserv website:


  • Visit the Bajaj Finserv website or click on https://www.bajajfinserv.in/
  • Go to the ‘BILLS AND RECHARGES’ under the ‘PAYMENTS’ section
  • Under ‘FINANCIAL SERVICES AND TAXES,’ select ‘LIC/INSURANCE’
  • Choose your biller from the drop-down
  • Enter your loan number and click on ‘FETCH YOUR BILL’
  • Select a payment method from the list of available payment options such as credit cards, debit cards, and net banking
  • After choosing your preferred payment mode, enter the requested payment details
  • Check the details you entered and click on 'PAY NOW’

You will receive a notification from Bajaj Finserv after successful payment.
 

Conclusion

 

Paying your Bajaj Life Insurance premium online through Bajaj Finserv is fast, secure, and effortless. With multiple payment options, instant confirmations, and 24/7 accessibility, you can manage your policy from anywhere with complete convenience. Whether through the app or website, every transaction is designed to give you peace of mind and uninterrupted coverage. Stay organised, avoid late fees, and keep your loved ones financially secure.


Start today — pay your Bajaj Life premium online and enjoy seamless protection with affordable life insurance plans that truly care for your family’s future. Explore plans and get quote!

Frequently asked questions

How can I download paid premium receipt of Bajaj Life Insurance?

You can download their paid premium receipt by logging in to your account on the Bajaj Life website or mobile app. Once logged in, you can navigate to ‘PAYMENT HISTORY’ section and select the relevant payment to download the receipt.

Does Bajaj Finserv provide recharge services apart from life insurance payment?

Yes, Bajaj Finserv also provides other recharge services such as:

Does Bajaj Finserv provide bill payment services apart from life insurance payment?

Yes, Bajaj Finserv also provides other bill payment services such as:

What are the benefits of making Bajaj premium payments online?

Online premium payments for Bajaj Life provide security, speed, and convenience. You can pay whenever you want, from anywhere, saving you the trouble of going to a branch. Additionally, online payments offer immediate confirmation, which lowers the possibility of missing deadlines. Furthermore, a variety of payment options, such as credit/debit cards, net banking, or UPI, are available, which further streamlines and expedites the procedure.

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Related links

Bajaj Finserv App for All Your Financial Needs and Goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals. 


You can use the Bajaj Finserv App to: 


  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more. 
  • Explore and apply for co-branded credit cards online. 
  • Invest in fixed deposits and mutual funds on the app. 
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers. 
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions. 
  • Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs. 
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators 
  • Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

Disclaimer

*T&C Apply - Bajaj Finance Limited (‘BFL’) is a registered corporate agent of third party insurance products of Bajaj Allianz Life Insurance Company Limited, HDFC Life Insurance Company Limited, Life Insurance Corporation of India (LIC), Bajaj Allianz General Insurance Company Limited, SBI General Insurance Company Limited, ACKO General Insurance Company Limited, HDFC ERGO General Insurance Company, TATA AIG General Insurance Company Limited, ICICI Lombard General Insurance Company Limited, New India Assurance Limited, Chola MS General Insurance Company Limited, Zurich Kotak General Insurance Company Limited, Star Health & Allied Insurance Company Limited, Care Health Insurance Company Limited, Niva Bupa Health Insurance Company Limited, Aditya Birla Health Insurance Company Limited and Manipal Cigna Health Insurance Company Limited under the IRDAI composite registration number CA0101. Please note that, BFL does not underwrite the risk or act as an insurer. Your purchase of an insurance product is purely on a voluntary basis after your exercise of an independent due diligence on the suitability, viability of any insurance product. Any decision to purchase insurance product is solely at your own risk and responsibility and BFL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly. For more details on risk factors, terms and conditions and exclusions please read the product sales brochure & policy wordings carefully before concluding a sale. Tax benefits applicable if any, will be as per the prevailing tax laws. Tax laws are subject to change. BFL does NOT provide Tax/Investment advisory services. Please consult your advisors before proceeding to purchase an insurance product. Visitors are hereby informed that their information submitted on the website may also be shared with insurers. BFL is also distributor of other third-party products from Assistance service providers such as CPP Assistance Services Private Limited, Bajaj Finserv Health Limited. etc. All product information such as premium, benefits, exclusions, value added services etc. are authentic and solely based on the information received from the respective Insurance company or the respective Assistance provider company.

Note - While we have made all the efforts and taken utmost care in gathering precise information about the products, features, benefits etc. However, BFL cannot be held liable for any direct or indirect damage/loss. We request our customers to conduct their research about these products and refer to the respective products sales brochure and policy/membership wordings before concluding sales.

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