Pay Kotak Life Insurance Payment Online on Bajaj Finserv
Kotak Life Insurance is one of the leading insurance companies in the country that offers a wide range of insurance products to fulfil the insurance needs of individuals, families, and businesses. It has a strong presence in more than 167 locations in India and serves millions of customers with its innovative and customer-centric products and services.
Now, customers can pay their Kotak Life Insurance premium through Bajaj Pay on Bajaj Finserv. The Bharat Bill Payment System (BBPS), conceptualised by the RBI, is an integrated online platform in India for bill payments, offering a convenient and secure way to pay various bills, such as electricity, water, and more.
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Benefits of paying Kotak Life Insurance premium on Bajaj Finserv
- Quick and hassle-free
With the Bajaj Finserv BBPS platform, you can make your Kotak Life Insurance premium payment quickly and effortlessly. - Safe and secure
Bajaj Finserv provides a safe and secure payment platform. Your Kotak Life Insurance online 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 involved in Kotak Life Insurance premium payment via Bajaj Finserv
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.
- Quick and hassle-free
Steps to make Kotak Life Insurance premium payment online on the Bajaj Finserv app
You can make Kotak 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 ‘KOTAK 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 of life insurance.
Steps to pay Kotak 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.
Kotak Life Insurance plans
| Plan name | Entry age | Maturity age | Sum assured |
| Kotak e-Term Plan | 18-65 years | 75 years | Minimum: Rs 25, 00,000 |
| Maximum: No Limit | |||
| Kotak Term Plan | 18-65 years | 70 years | Minimum: Rs. 3,00,000 |
| Maximum: Rs. 24,99,999 | |||
| Kotak Saral Jeevan Bima | 18-65 years | 70 years | Minimum: Rs. 5,00,000 |
| Maximum: Rs. 25,00,000 | |||
| Kotak Protect India | Eighteen years | 35 years | Minimum: 1,00,000 Maximum: 25,00,000 |
Renew other life insurance premiums
Recharge and Pay Bills
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.
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Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.
Frequently asked questions
Kotak Life Insurance is an insurance company that offers a wide range of insurance products to customers. It is a subsidiary of Kotak Mahindra Bank and has a strong presence in more than 167 locations in India.
The policy number is a unique identification number assigned to each policyholder by Kotak Life Insurance. It is mentioned in the policy documents provided by the company. Customers can also log into their account on the Kotak Life Insurance website to access their policy details including the policy number.
You can call on 1800-209-8800 or write at kli.einsurance@kotak.com for any queries regarding Kotak Life Insurance.
The Kotak Life Insurance customer portal allows you to track the status of your recent payments by navigating to the "Payment History" or "Policy Details" section. You can also use the Kotak Life Insurance mobile app or get in touch with customer support to find out the status of your Kotak insurance payments.
It's possible to set up an auto-debit to pay your Kotak insurance premiums. Enter your bank account information in the "Auto-Debit" or "ECS" section of the Kotak Life Insurance client site after logging in. If you approve the auto-debit feature, your premiums will be taken out on the due date automatically.
Go into the Kotak Life Insurance customer portal or mobile app to pay your premium online. Go to the "Pay Premium" area, pick your policy, and then select your desired payment option from a list that includes UPI, debit/credit cards, and net banking. Fill out the necessary information and finish the payment.
For payments made under Kotak policy, you may, in fact, alter your payment method. Go to the "Payment Options" area of the Kotak Life Insurance customer portal or mobile app, log in, and choose "Change Payment Method." Update your settings and select your new payment method, such as UPI, debit/credit cards, or net banking.
It is possible to set up an auto-debit to pay your Kotak insurance premiums. Enter your bank account information in the "Auto-Debit" or "ECS" section of the Kotak Life Insurance client site after logging in. Your premiums will be automatically withheld on the due date after you approve the setting, guaranteeing on-time payments.
Go into your Kotak Life Insurance account online or using the mobile app to see if your premium payment for insurance was accepted. Verify the status of your transactions or payment history. As other options, give customer support a call or look for a confirmation receipt in your email.
Check the payment details and try again if your Kotak policy payment does not go through. For assistance, get in touch with Kotak Life Insurance customer support if the problem continues. They can provide different payment options or assist in resolving the problem.
Online premium payments for Kotak insurance often incur no extra fees. If there are any possible costs associated with online transactions, it is advisable to review the precise terms and conditions on Kotak's website or speak with customer support.
There are multiple ways to pay for Kotak insurance online, including digital wallets, debit/credit cards, and internet banking. For easy payment processing, you can also use the Kotak Life Insurance website or mobile app.
It is possible to pay for several Kotak insurance policies at once. On the Kotak Life Insurance website or mobile app, log in to your account, choose the policies you want to pay for, and complete the transaction. Verify the accuracy of all policy data prior to approving the transaction.
