Published Sep 18, 2025 3 mins read

Introduction

Life insurance offers peace of mind and long-term protection for your loved ones. But staying protected means paying premiums on time — and the good news is, it’s never been easier.


 

The Bajaj Allianz Life Insurance Premium Payment process is fast, secure, and hassle-free when done online through platforms like Bajaj Finserv. Whether it’s your first premium or a renewal, you can complete your payment in just a few clicks — no long queues, no paperwork.


 

Explore the different payment modes and get started today!


 

Pay Bajaj Allianz Life Insurance payment online on Bajaj Finserv


 

Paying your insurance premiums may seem like a hassle, but with Bajaj Allianz Life Insurance's new online payment system, it has never been easier. Bajaj Allianz 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 Allianz 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.


Benefits of paying Bajaj Allianz Life Insurance premium through Bajaj Finserv


Following are the key benefits of paying Bajaj Allianz Life Insurance premium through Bajaj Finserv:


  • Quick and hassle-free:

With the Bajaj Finserv BBPS platform, you can make your Bajaj Allianz premium payment quickly and effortlessly.
 

  • Safe and secure:

Bajaj Finserv provides a safe and secure payment platform. Your Bajaj Allianz premium payment details are secure with the platform’s robust security measures.


 

  • Multiple payment options:

Bajaj Finserv offers multiple payment options, including debit card, credit card, net banking, and UPI. This allows you to choose the payment method that suits you best.
 

  • Instant confirmation:

After making the payment, the platform immediately confirms the payment through an email and SMS.


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 Allianz 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 Allianz Life Insurance premium payment online on the Bajaj Finserv app

Want to pay your life insurance premium using your smartphone? The Bajaj Finserv app makes it fast and seamless. Here’s how to get started:


  1. Download and install the Bajaj Finserv App from the Play Store or App Store
  2. Log in or create a new account
  3. Go to the ‘Bills & Recharges’ section and select ‘Insurance Premium’
  4. Choose Bajaj Allianz Life Insurance from the list of insurers
  5. Enter your policy number and registered mobile number/email ID
  6. Select your preferred payment mode – UPI, debit/credit card, wallet, or net banking
  7. Verify with OTP sent to your mobile

Download your payment receipt instantly!

How to make Bajaj Allianz Life Insurance premium payment online through Bajaj Allianz Life website?

You can also pay your premium directly on the official Bajaj Allianz Life Insurance website. The process is just as secure and simple:


  1. Visit: https://www.bajajallianzlife.com
  2. Click on the ‘Pay Premium’ tab on the homepage
  3. Log in using your registered mobile number or email ID
  4. Enter your policy number to fetch the details
  5. Choose your payment mode – UPI, card, wallet, etc.
  6. Confirm the payment and download your receipt

What are the different modes of payment to get Bajaj Allianz Life Insurance online?


Bajaj Allianz Life Insurance offers flexible and secure premium payment modes to suit every user’s comfort and financial planning style. Whether you prefer digital wallets or traditional banking, there’s an option that fits right into your daily routine.


Here’s a breakdown of all the ways you can pay your premiums online:


  • UPI Integration:

Make instant payments using apps like Google Pay, PhonePe, Paytm, BHIM, or any UPI-supported app. It’s quick, secure, and doesn’t require card details.


  • Credit/Debit Card:

Use any major credit or debit card — Visa, MasterCard, or RuPay — to complete your transaction within minutes. It’s ideal for those who like structured payments and card reward benefits.


  • Net Banking:

Prefer direct access to your bank? Choose the net banking option to pay directly from your account via your bank’s secure gateway.


  • Bajaj Pay Wallet:

Use your Bajaj Pay Wallet balance to make your premium payments swiftly, without needing to enter card or banking details repeatedly.


  • EMI payment flexibility:

For larger premium amounts, EMI options let you break your payment into manageable monthly instalments, making it easier on your wallet.

Choose your preferred method and pay confidently today!


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

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


  1. Visit the Bajaj Finserv website or click on https://www.bajajfinserv.in/
  2. Go to the ‘Bills and Recharges’ under the ‘Payments’ section
  3. Under ‘Financial Services and Taxes,’ select ‘LIC/Insurance’
  4. Choose your biller from the drop-down
  5. Enter your loan number and click on ‘Fetch Your Bill’
  6. Select a payment method from the list of available payment options such as credit cards, debit cards, and net banking
  7. After choosing your preferred payment mode, enter the requested payment details
  8. Check the details you entered and click on 'Pay Now’

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

What information is required to make the Bajaj Life Insurance online payment?

To complete your Bajaj Allianz premium payment smoothly, keep the following details handy:


 

  • Policy number: 

Unique number assigned to your life insurance plan


 

  • Registered email ID: 

For login and receipt notifications


 

  • Mobile number: 

For OTP verification and alerts


 

  • Preferred payment mode: 

UPI ID, card, wallet, or net banking


 

Keep these ready to speed up the process.
 

Key benefits of using online payment process for Bajaj Allianz Life Insurance premium


 

Switching to online premium payment for your Bajaj Allianz Life Insurance policy isn’t just a modern convenience — it’s a smarter, more efficient way to stay financially secure. Whether you're managing a busy lifestyle or simply want fewer things to worry about, online payments help you stay in control effortlessly.


 

Here are some key benefits:


 

  • Speed:

You can complete your premium payment in less than five minutes. No paperwork, no queues — just a few taps or clicks, and you're done.


 

  • Security: 

Bajaj Finserv and Bajaj Allianz use industry-grade encryption and secure OTP-based authentication to protect your data and transactions at every step.


 

  • Tracking tools: 

You can access past payment records anytime by logging into your account. Download receipts, track due dates, and stay updated without any hassle.


 

  • Transparent pricing with no hidden charges: 

What you see is exactly what you pay. There are zero processing fees when you use trusted platforms like Bajaj Finserv or the official Bajaj Allianz Life website.


 

  • Auto-renewal and reminder options: 

Set up automatic premium deductions or get timely payment reminders so you never miss a due date again.


 

  • Instant digital receipts: 

Once the payment is processed, your receipt is immediately available via email or download — ideal for records and claim references.


 

Conclusion


 

Paying your Bajaj Allianz Life Insurance Premium online is now quicker, simpler, and more secure than ever. Whether you use Bajaj Finserv or the Bajaj Allianz Life website, you have access to fast transactions, multiple payment modes, and secure OTP verification.

You no longer need to worry about long queues, missed deadlines, or confusing paperwork. Everything you need is at your fingertips.

Choose flexible payment plans, track your history, and secure your policy today!
Compare plans through Bajaj Finance Insurance Mall and get instant quote. Talk to an advisor if you need.

Frequently asked questions

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

To download your receipt, log in to the Bajaj Allianz website or app, go to the “Payment History” section, and click on “Download Receipt.”

What are the benefits of online premium payment?

Online premium payments are fast, secure, and offer multiple payment options. You can also track payment history easily and get instant receipts.

What are the different payment methods to pay renewal premiums?

You can pay renewal premiums through UPI, credit/debit cards, net banking, Bajaj Pay Wallet, or by converting to EMIs.

How do I track my Bajaj Allianz premium payment history?

Just log in to Bajaj Allianz or Bajaj Finserv using your registered email or phone number and head to the “Payment History” tab to see all past transactions.

Can I divide my bajaj allianz life insurance payment into multiple instalments?

Yes, some plans offer monthly or quarterly payment options, and you can also opt for EMIs. Check your specific policy to confirm eligibility.

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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.