About Pramerica Life Insurance Limited
Pramerica Life Insurance is a joint venture between Prudential International Insurance Holdings Limited (a subsidiary of Prudential Financial, Inc.) and DHFL Investments Limited. Established in 2008, the company has a strong presence in the Indian market with over 5000 advisors and 150 branches spread across 23 states of India.
Pramerica Life Insurance Limited is one of the leading life insurance companies in India. It is known for its affordable and flexible life insurance policies that suit the diverse needs of its customers. Pramerica Life Insurance offers a range of policies such as term plans, child plans, retirement plans, ULIP plans, and savings plans.
Features and benefits of Pramerica Life Insurance premium payment on Bajaj Finserv
The following are the benefits of Pramerica Life Insurance Premium payment using Bajaj Finserv BBPS platform:
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Quick and hassle-free
With Bajaj Finserv's BBPS platform, you can pay your Pramerica Life Insurance premium quickly and effortlessly.
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Safe and secure
Bajaj Finserv provides a safe and secure payment platform on BBPS. Your payment details are secure with the platform’s robust security measures.
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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.
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Instant confirmation
After making the payment, the platform immediately confirms the payment through an email and SMS.
How to pay Pramerica Life Insurance premium online
Pramerica Life Insurance premium payment online is a simple and easy process through Bajaj Finserv BBPS platform.
- 1 Download the Bajaj Finserv app from the Google Play Store or Apple App Store and install it on your device
- 2 Open the app, login or register if you are a new user
- 3 Go to ‘BILLS AND RECHARGES’
- 4 Select ‘LIC/ INSURANCE’ under ‘FINANICAL SERVICES AND TAXES’ section
- 5 Choose ‘PRAMERICA LIFE INSURANCE’ as your issuer
- 6 Enter your policy number and your premium amount
- 7 Select a payment method from the list of available payment options such as credit cards, debit cards, and net banking
- 8 After choosing your preferred payment mode, enter the requested payment details
- 9 Check the details you entered and click on 'PAY NOW’
You will receive a notification from Bajaj Finserv after successful payment.
Fees and charges
The following charges are applicable on mobile recharges and bill payments:
Payment |
Charges (Rs.) |
Payment for bills and recharges |
Convenience fee up to 2% per transaction (inclusive of applicable taxes)* |
Payment of rent using credit card as a payment mode |
2% per transaction (inclusive of applicable taxes)* |
Platform fee |
Up to Rs. 5/- for each prepaid mobile recharge |
*Convenience fee is applicable on specific payment instrument and subject to revision from time to time
Note - For failed transactions, the total amount including charges except taxes are reversed.
Frequently asked questions
Pramerica Life Insurance is a joint venture between Prudential International Insurance Holdings Limited and DHFL Investments Limited. It offers various life insurance policies such as term plans, child plans, savings plans, retirement plans, and ULIP plans.
The premium amount for Pramerica Life Insurance policies varies depending on the plan type, age of the policyholder, sum assured, policy term, and other factors. Policyholders can calculate their premium amount using the company's online premium calculator or contact the customer care team for assistance.
Your Pramerica Life Insurance plan number is mentioned on the policy document provided to you at the time of purchase. You can also view it online through the company's website or mobile app.
Pramerica Life Insurance customer care can be contacted through the toll-free number 1860-500-7070, or on email at contactus@pramericalife.in, or live chat support available on the company's website. You can also visit the nearest branch for assistance.
