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Kotak Life Insurance premium payment online
Kotak Life Insurance is a leading insurance provider in India, known for its diverse range of insurance plans and services. Established with the mission to offer comprehensive financial solutions, Kotak Life Insurance aims to cater to the varied needs of individuals and families. Their offerings include life insurance, health insurance, savings plans, and retirement plans. Each plan is designed to provide financial security and peace of mind to policyholders.
Now, customers have the convenience of paying their insurance premiums through Bajaj Pay, the BBPS platform on Bajaj Finserv. The Bharat Bill Payment System (BBPS), introduced by the RBI, serves as an integrated online platform for various bill payments, ensuring a secure and convenient way to pay bills such as electricity and water.
The BBPS platform is a holistic ecosystem that has streamlined online transactions while ensuring the reliability and safety of payments. Using the BBPS facility on Bajaj Finserv, you can pay your monthly bills quickly and conveniently.
Benefits of paying Kotak Life Insurance premium on Bajaj Finserv
- Quick and hassle-free
With the Bajaj Pay platform, you can make insurance premium payments quickly and effortlessly.
- Safe and secure
Bajaj Finserv provides a safe and secure payment platform on Bajaj Pay. Your payment details are secure with the platform’s robust security measures.
- Multiple payment options
Bajaj Finserv offers multiple payment options, including debit cards, credit cards, net banking, e-wallets, and UPI. This allows you to choose the payment method that best suits you.
- Instant confirmation
After making the payment, the platform immediately confirms the payment through an email and SMS.
Modes of payment
The Bajaj Pay platform offers a range of convenient payment options for Kotak Life Insurance premium payment. Let us explore the available modes:
- Credit card/debit card: This is a widely accepted and convenient option. You can make payments using your Visa, Mastercard, or Maestro card issued by any bank in India.
- Net banking: If you prefer online bank transfers, Bajaj Finserv integrates with major banks across India. Simply select your bank from the list and utilise your existing net banking credentials for secure payments.
- Bajaj Pay UPI: This option leverages the Unified Payments Interface (UPI) for instant fund transfers. It is a secure and fast way to pay directly from your bank account using a UPI app.
- Bajaj Pay Wallet: Bajaj Finserv also offers its own digital wallet - Bajaj Pay Wallet. If you have a Bajaj Pay account, you can easily make payments using the balance stored in your wallet.
Steps to pay Kotak Life Insurance online on the Bajaj Finserv website
Here is how you can pay your Kotak Life Insurance premium online on the Bajaj Finserv website:
- Visit the Bajaj Finserv website or click on https://www.bajajfinserv.in/
- Go to the ‘ALL PAYMENTS’ under the ‘PAYMENTS’ section
- Click on ‘LIC/INSURANCE’
- Select your insurance provider from the drop-down menu
- Enter your ‘POLICY NUMBER’, ‘DOB’ and click on ‘FETCH BILL’
- Select a payment method from the list of available payment options such as credit card, debit card, UPI, and net banking
- After choosing your preferred payment mode, enter the requested payment details
- Check the details you entered and click on 'PAY NOW’
Fees and charges
Depending on the transaction amount and payment mode, a convenience fee of up to 2% (inclusive of applicable taxes) will be charged. For more information on fees and charges, click here.
Note: For failed transactions, the total amount, including charges except taxes, is reversed.
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.
- 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-qualified 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.
Frequently asked questions
Kotak Life Insurance is a leading provider of insurance plans in India, offering life insurance, health insurance, savings plans, and retirement plans to ensure financial security for individuals and families.
You can pay your Kotak Life Insurance premium online through the Bajaj Finserv website or mobile app. Log in, navigate to the ‘BILL PAYMENT’ section, select ‘LIFE INSURANCE’, choose Kotak Life Insurance, enter your policy details, and complete the payment using your preferred method.
Yes, Bajaj Finserv also provides recharge services such as:
Yes, Bajaj Finserv also provides bill payment services such as:• Postpaid bill payment
