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Now you can buy life insurance plans completely online right here.

  • Kotak e-Term Plan

    Kotak e-Term Plan is a pure term plan that provides a high level of protection to your loved ones in your absence.

  • Kotak e-Assured Savings Plan

    Kotak e-Assured Savings Plan not only provides affordable protection but also helps accrue wealth for accomplishing your upcoming financial aims by giving guaranteed benefits.

  • Kotak e-Lifetime Income Plan

    Kotak e-Lifetime Income Plan gives you the assurance of regular stream of income throughout your lifetime to lead a care-free life.

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Kotak Life Insurance simplifies your premium payment process to ensure that your payments are on time. Choose the most convenient payment option for you and pay with a few clicks.

Choose from the following options:

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  • Payment through National Electronic Fund Transfer (NEFT)

    Log into Net Banking of your bank account, select the option NEFT transfer and enter the below mentioned details:

    Beneficiary account 99800KLIFExxxxxxxx
    (The number after KLIFE would be your 8 digit Policy Number)
    E.g.: If your Policy No. is 00921500, the beneficiary account would be 99800KLIFE00921500
    If your Policy Number is less than 8 digits, please add requisite number of zeroes before the Policy No.
    Account type Current Account
    Beneficiary name Kotak Mahindra Old Mutual Life Insurance Limited
    IFSC Code KKBK0000958
    Bank Name Kotak Mahindra Bank
    Branch Name MUMBAI NARIMAN POINT
    Amount Rs. xxxxx ( Your premium amount)

    Please note: For every successful NEFT transaction, your bank will provide a UTR (Unique Transaction Reference) Number. Please mention the UTR for any future correspondence with Kotak Life Insurance regarding your NEFT transaction.

    Call us at our Toll Free No 1800-209-8800 between 8.00 a.m. to 10 p.m. or write to us at clientservicedesk@kotak.com for any further clarification/assistance.

  • Electronic Clearing Services (ECS)

    It is a convenient option, that debits your premium from bank account on your premium due date automatically.

    Benefits of ECS:

    • No need to remember your premium due dates or issuing/depositing cheques
    • Ensure that your policy does not lapse due to non-payment
    • Submit a fresh ECS form, to alter your premium amount
    • Deactivate ECS with a written notice at least 15 days prior to the due date of ECS submission
    • In case of any payout, the company reserves the rights to use any alternate option to process the same such as Cheque/ NEFT/RTGS, etc.

    ECS facility is currently available in 81 convenient locations. Just submit the ECS Mandate Form along with a cancelled cheque at any of our branch offices or mail it to our address below:

    Kotak Mahindra Old Mutual Life Insurance Ltd.
    Kotak Infiniti, Building No. 21, Infinity Park
    5th Floor, Zone 2. Off Western Express Highway,
    General A K Vaidya Marg
    Malad (E), Mumbai - 400 097

  • Standing Instruction

    You can give Standing Instructions to auto debit the premium from your bank account on the due date. It is available to all account holders of Kotak Mahindra Bank and HDFC Bank.

    Just submit the duly-filled Standing Instruction form. Once your bank verifies this form, you may start using this facility.

    Click here to download Kotak Mahindra Bank Standing Instruction Form

    Click here to download HDFC Bank Standing Instruction Form

    Submit the form at any of our branch offices or mail it to our address:

    Kotak Mahindra Old Mutual Life Insurance Ltd
    Kotak Infiniti, Building No. 21, Infinity Park
    5th Floor, Zone 2. Off Western Express Highway
    General A K Vaidya Marg
    Malad (E), Mumbai - 400 097

  • Direct Debit

    You can pay the renewal premiums through Direct Debit Option, if you have a valid banking account with any of the following banks:

    Allahabad Bank
    Axis Bank
    Bank of Baroda
    Bank of India
    CITI Bank
    Federal Bank
    ICICI Bank
    IDBI Bank
    Karnataka Bank
    Kotak Mahindra Bank
    State Bank of India
    Union Bank of India
    United Bank of India

    Just fill ECS/ Direct Debit form along with a cancelled cheque and submit it at any of our branches or mail it to our address:

    Kotak Mahindra Old Mutual Life Insurance Ltd
    Kotak Infiniti, Building No. 21, Infinity Park,
    5th Floor, Zone 2. Off Western Express Highway,
    General A K Vaidya Marg,
    Malad (E), Mumbai - 400 097

  • Payment through Credit Card**

    Credit Card** payment on website

    Pay your renewal premium via Credit Card** (Master Card / Visa) on Kotak Life insurance website. For premium payment through website click here

    ** In case, the proposer / policyholder opts for premium payment through Credit Card, the payment must be made only through Credit Card issued on the name of such proposer / policyholder.

    Credit Card** payment at branches

    Swipe your Credit Card at select Kotak Life branches to pay your renewal payments.

    ** In case, the proposer / policyholder opts for premium payment through Credit Card, the payment must be made only through Credit Card issued on the name of such proposer / policyholder.

  • Payment through debit card

    Use your Visa Debit Card of any of the following banks to pay your premium payments.

    State Bank of India
    Punjab National Bank
    Union Bank of India
    Indian Overseas Bank
    Citibank

    Click here to proceed to the payment gateway.

  • Online Payment through Internet Banking

    Pay your renewal premiums anytime and anywhere through Internet Banking of any of the following banks.

    ABN AMRO Bank Allahabad Bank
    Andhra Bank Axis Bank
    Bank of India Bank of Baroda
    Bank of Maharashtra Canara Bank
    Central Bank of India Citibank
    Corporation Bank Deutsche Bank
    Development Credit Bank Dhanalakshmi Bank
    Federal Bank HDFC Bank
    ICICI Bank IDBI Bank
    Indian Bank Indian Overseas Bank
    IndusInd Bank ING Vysya Bank
    Jammu & Kashmir Bank Karnataka Bank
    Karur Vysya Bank Kotak Mahindra Bank
    Lakshmi Vilas Bank Oriental Bank of Commerce
    Punjab National Bank State Bank of Bikaner and Jaipur
    State Bank of Hyderabad State Bank of India
    State Bank of Mysore State Bank of Patiala
    State Bank of Travancore South Indian Bank
    Syndicate Bank Tamilnad Mercantile Bank
    UCO Bank Union Bank of India
    United Bank of India Vijaya Bank

    Click here to make your insurance premium payment through Internet Banking.

  • Payment through Mobile - Immediate Payment Service (IMPS)

    Just follow these 3 simple steps for a swift renewal payment:

    • Onetime Enrollment: Enrol for Mobile Banking Service and register yourself for IMPS. Ask your bank to provide MMID (Mobile Money Identifier) & MPIN (Password for mobile transaction).
    • Onetime Installation: Install Mobile Banking Application of your bank on your mobile phone.
    • Easy Payments: Go to ‘Merchant Immediate Payment Service’ (IMPS) on your Mobile Banking application and enter:

    Merchant Mobile No : 9769554433
    Merchant MMID: 9485784
    Amount: (Enter your premium amount)
    Payment Reference: <8 Digit Policy No>
    MPIN: (As shared by your bank)

    You will receive the instant debit confirmation on your mobile by your bank and your renewal payment is done.

    Please call us at our Toll Free No 1800-209-8800 or write to us at clientservicedesk@kotak.com for any further clarification/assistance.

    * Your bank should participate under IMPS Merchant banking for availing this service. Please check with your bank for Mobile Banking Application, MMID & MPIN No, if you do not have any.

    * Currently Below listed banks are participating under Merchant IMPS. Click on the relevant bank to know more:

    A P Mahesh Karur Vysya Bank
    Andhra Bank
    Kotak Mahindra Bank
    Axis Bank
    Oriental Bank of Commerce
    Canara Bank
    Punjab & Maharashtra Co. Op Bank
    Corporation Bank
    Punjab National Bank
    Dombivli Nagari Sahakari Bank
    State Bank of India
    Federal Bank
    The Greater Bombay Co-operative Bank
    HSBC
    Union Bank of India
    ICICI Bank
    Yes Bank

    * Merchant Mobile number & Merchant MMID need to be mentioned as given above.

  • Payment through Bill Desk

    Authorise your insurance premium payments online through Bill Desk. Follow the simple steps:

    • Registration: Log on to www.billdesk.com and register online. (No registration is required if you are an existing registered Bill Desk user)
    • Listing as Biller: Select Kotak Mahindra Old Mutual Life Insurance as a Biller under Insurance category.
    • Payments: Enroll your Policy & authorise your payment.

    Your registration request for renewal premium payment should reach Kotak Life Insurance at least 7 days prior to renewal due date.

    In case the registration request is received, less than 7 days prior to the date on which premium is due or after this date, then for the current renewal cycle payment date will be adjusted by 7 days after receipt of registration request.

    From the next cycle onwards, your renewal due date will be as per the original schedule. Renewal payment can be paid through this mode of payment only for policies where all the premiums have been paid on time.

  • Electronic Bill Payment

    Register yourself for the Bill Payment service with your bank and choose Kotak Mahindra Old Mutual Life Insurance as your Biller in your Net Banking account of the following banks:

    ABN AMRO Bank IndusInd Bank
    Ahmedabad Municipal Coop Bank ING Vysya Bank
    American Express Jan Kalyan Sahakari Bank
    Bank of Baroda Janata Sahakari Bank
    Bank of India Kotak Mahindra Bank
    Bank of Maharashtra Punjab and Maharashtra Coop Bank
    Barclays Bank Punjab National Bank
    Central Bank of India Shamrao Vithal Cooperative Bank
    Centurion Bank of Punjab State Bank of Bikaner and Jaipur
    Citibank State Bank of Hyderabad
    CKP Cooperative Bank State Bank of India
    Corporation Bank State Bank of Indore
    Cosmos Bank State Bank of Mysore
    Dena Bank State Bank of Patiala
    Deutsche Bank State Bank of Saurashtra
    HDFC Bank State Bank of Travancore
    IDBI Bank UCO Bank
    Indian Bank Union Bank of India
    Yes Bank Vijay Cooperative Bank
    ICICI Bank

    Your registration request for renewal premium payment should reach Kotak Life Insurance at least 7 days prior to renewal due date.

    In case the registration request is received, less than 7 days prior to the date on which premium is due or after this date, then for the current renewal cycle payment date will be adjusted by 7 days after receipt of registration request.

    From the next cycle onwards your renewal due date will be as per the original schedule. Renewal payment can be paid through this mode of payment only for policies where all the premiums have been paid on time.

  • Kotak Mahindra Bank ATM Drop Boxes

    Drop your premium cheques at any of the Kotak Mahindra Bank ATM drop boxes. Draw the cheque in favour of "Kotak Life Insurance Policy Number XXXXXXX". Do mention your name and contact number on the reverse of the cheque.

    Click here to know your nearest Kotak Mahindra Bank ATM Drop Box

  • Payment at our Branch Offices

    Pay Premiums by cash/cheque/demand draft at your nearest Kotak Mahindra old Mutual Life Insurance branch.

  • *Postal money order

    A money order is an order issued by the Post Office for the payment of a sum of money to the 'Payee' in whose name the money order is sent through the agency of the Post Office.

    * In progress. Currently not available.

  • *Bank Guarantee

    A Bank guarantee is a promise from a bank that the liabilities of a debtor will be met in the event that you fail to fulfill your contractual obligations. Your bank honors payment to your beneficiaries upon receipt of a claim.

    * In progress. Currently not available.

Pay Premium FAQs

Get answers to all your Premium Payment related questions right here.

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Need help for paying premium?

Call on toll free number 1800 209 8800(8:00 am to 10:00pm)

Call the toll free number for help regarding premium payments.

OR Mail to clientservicedesk@kotak.com

Kindly mail us at the above email and we will respond to you at the earliest.