INSURANCE PREMIUM PAYMENT
Pay insurance bill online.
Online Insurance Premium Payment – Life Health Motor
Insurance policies require regular premium payments to remain active. Whether it is a life insurance policy a health insurance plan or motor insurance for your vehicle missing a premium payment can lead to the policy lapsing and loss of coverage. Renewing a lapsed policy often involves additional fees and medical checks. Paydic helps you pay your insurance premium online so your coverage stays uninterrupted.
To pay your premium select Insurance Premium Payment on Paydic and choose your insurance company from the list. Major insurers such as LIC HDFC Life ICICI Prudential Bajaj Allianz New India Assurance and others are supported. Enter your policy number and the system retrieves your premium amount due date and any grace period available.
You can pay using UPI debit cards credit cards or net banking. The payment is credited to the insurance company account instantly and your policy status is updated. Paydic sends you a confirmation SMS and email with the transaction reference which you should keep as proof of payment.
No registration is required to pay your insurance premium on Paydic. You can complete the payment as a guest and still receive a full receipt. The service is available 24 hours a day so you can pay your premium even on the due date if it falls on a weekend or holiday.
Steps to Pay Insurance Premium
- Step 1: Open Paydic and select Insurance Premium Payment from the services.
- Step 2: Choose your insurance company from the list of supported insurers.
- Step 3: Enter your policy number as mentioned in your policy document.
- Step 4: Review the premium amount and due date then select a payment method.
- Step 5: Complete the payment and save the receipt for your records.
Insurance Types
| Insurance Type | Premium Frequency | Typical Premium | Grace Period |
|---|---|---|---|
| Life Insurance | Yearly or half yearly | Rs 5000 to Rs 50000 | 30 Days |
| Health Insurance | Yearly | Rs 5000 to Rs 25000 | 15 Days |
| Motor Insurance | Yearly | Rs 2000 to Rs 15000 | 30 Days |
Why Pay Premium Online
- Policy Protection: Pay on time and prevent your insurance policy from lapsing or getting cancelled.
- Multiple Insurers: Paydic supports LIC HDFC ICICI Bajaj New India and many other insurers.
- Guest Mode: You can pay your premium without registering or logging into any account.
- No Extra Charge: Paydic does not charge any convenience fee on insurance premium payments.
- 24 Hour Access: The platform is available round the clock so you never miss a deadline.
Tip
Set a recurring reminder on your phone for insurance premium due dates. Many insurers also offer a small discount for paying the annual premium in one go instead of monthly installments.