Close
Close

Buy a life insurance plan in a few clicks

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.

Close

Get a Call

Enter your contact details below and we will get in touch with you at the earliest.

  • Select your Query

Thank you

Our representative will get in touch with you at the earliest.

Back

NRI Premium Payment Options

  • 20th Sep 2019
  • 422
NRI Premium Payment Options

Regularpayment of premium is important to enjoy the benefits of an insurance policy.If you fail to make the premium payment, your policy could lapse and you might end up without a cover. It is possible to buy life insurance online by paying for the policy through digital means. Insurance is essential for every individual, no matter where you reside. If you are a Non-Resident Indian (NRI), you can choose from various options related to term insurance for NRI and buy a policy that fits your needs.

Premium payment options

Insurance companies offer you various premium payment options. All the payment options are secure and convenient for you to use. Listed below are some options that you must consider.

  • Online credit/debit card payment
  • You can make your premium payment online using ‘Visa’, ‘Amex’, or a ‘MasterCard’ debit or credit card. If you are wondering how to pay premium online, you simply need to activate your card and make a payment using your PIN.

  • Internet banking payment
  • You can pay the premium amount for NRI life insurance by logging on to the Non-Resident External (NRE) or Non- Resident Ordinary (NRO) account. The payment procedure is simple and hassle-free. Most banks offer Internet banking facilities that you can use to pay the premium.

  • SWIFT transfer from a foreign bank account
  • If you have a foreign bank account and want to pay the premium through it, you can do so by informing the bank to transfer money electronically through SWIFT. Many banks offer SWIFT facilities and you can check the currencies for which it is available.

  • Check payment
  • The traditional method of paying premiums through check is accepted by all insurance companies. You can pay from any of the bank accounts held under your name. You can have an NRE account, NRO account, and Foreign Currency Non-Resident Account. You just need to drop the check to pay the premium amount successfully.

    Choose from one of the above methods for premium payment online and ensure that the payment is made within no time. Regular payment of premium is of utmost importance to remain covered under the policy. You can schedule the payment with your bank or drop a check if you do not want to use the online banking facilities. You can choose from a variety of life insurance plans. Keep your age, health, and financial condition in mind by choosing a plan that fits your needs.

Invest in Term Insurance Now

Tags

Also read

  • Term Life Insurance Vs Money back Life Insurance

    Term Life Insurance Vs Money back Life Insurance

    Term insurance provides financial security with no maturity benefits and moneyback plan provides life cover with returns at regular intervals. Click h...

    Read more
  • Should you buy a Renewable Term Life Policy?
    • 19th Nov 2019
    • 177

    Should you buy a Renewable Term Life Policy?

    Make sure you keep these things in mind when purchasing a renewable term life insurance policy, you can be protected by a policy that best suits your ...

    Read more

Related Plans

  • Kotak e-Term Plan

    Kotak e-Term Plan

    Kotak e-Term Plan is a pure term insurance plan that provides a holistic life protection at affordable prices. Find out the eligibility criteria, key ...

    Know more