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starFOR EXISTING POLICY

Have query on premium, payout or any servicing need?

Dedicated NRI Helpdesk:

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Monday - Saturday | 10 am - 7 pm IST
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Want to buy a new policy online?

For Indian Residents

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Give missed call for a call back:

Call Icon +91 11 6615 8748

Monday - Sunday | 8 am - 11 pm IST

Exclusively for NRIs

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Give missed call for a call back:

call +91 11 6921 6464

Available All Days | 24 x 7

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Premium Payment Options

Explore and choose from a range of premium payment options tailored to your preferences, from seamless digital payments to hassle-free e-Mandate options or conventional payment methods by cheque at our various centres.

Premium Payment Options


Different Modes Of Premium Payment
 

  • First estimate how much sum assured your family needs - How to Buy Term Insurance Online?

    Online Premium Payment

    Online premium payment offers wide-ranging options to pay your premium for the life insurance plan from a convenient place and at a suitable time online. Online insurance payment is simple, less time-consuming and cost-efficient.

  • Add choice of optional riders and get instant premium quotes - How to Buy Term Insurance Online?

    Set Standing Instruction

    You can also set standing instructions to debit the premium for your life insurance policy from your bank account via net banking, debit card, etc., as applicable, based on the respective bank. It is a way to automate your payments and ensure you pay insurance premiums on time.

  • Paper on pad

    Cash Or Cheque

    If online premium payment or the standing instruction facility is challenging, you can always pay the life insurance premium via cash or cheque by visiting any of our nearest branch offices.

Online Premium Payment 

Quick & Easy Payments

Instant acknowledgement

Safe and secure

Credit Card

Pay your renewal premiums through an Indian issue VISA, MasterCard & American Express (AMEX) Credit Card. Provide your policy number, verify your details and pay your premium.

Pay Now

Net banking

Pay renewal premium using net banking online. Provide your policy number, verify your details and pay your premium.

Pay Now

WhatsApp

Pay policy premium on WhatsApp via UPI. It’s instant, convenient and safe.

Pay Now

EMI Credit card 

If you are an existing customer, you have convenience to pay premium via EMI as well. * Please read the Terms of Use & Disclaimers for further details.

Pay Now

Bharat Bill Payment System (BBPS)

Pay renewal premium through BHIM, BBPS enabled internet Banking, Mobile Banking and Digital apps, wallets and payment banks such as Airtel Payments Bank, Google Pay, Paytm, etc.

Follow below steps:

  • Go to Bill Payment or Pay bill or BillPay/Bharat BillPay/ Pay Bills tab
  • Select Insurance, select Tata AIA Life Insurance, Enter Policy Number and Date of birth
  • Verify the premium details and authorize the payment using available payment option


Click the Download button for the list of banks and wallets.

Download

Debit card

Pay renewal premium using your debit card directly from your bank account. Provide your policy number, verify your details and pay your premium.

Pay Now

UPI

Unified Payments Interface (UPI) can facilitate payments & transfers up to Rs. 2,00,000 in 3 easy steps.
 

  • Step 1: Open your UPI application
  • Step 2: Check the pending transaction
  • Step 3: Authorise it using the UPI PIN

Pay Now

EBPP

Electronic Bill Payment Process (EBPP) is automatically debits the policy premium amount from your bank account on the given due date. Once you register at www.billdesk.com, Bill Desk will intimate you on due date to pay the premium and you can pay it directly

Pay Now

Wallets Google Pay, Amazon Pay, Paytm, HDFC PayZapp, ITZ Cash

Online Wallets are convenient methods to pay your premium instantly. Provide your policy number, verify your details via a verified wallet provider and pay your premium.

Pay Now

Set Standing Instruction

Quick & easy set-up process

Auto debits

Safe & secure

Credit card (standing instruction)

Pay your renewal premiums through VISA, MasterCard, Rupay, Dinners & American Express (AMEX) Credit Card. Provide your policy number, verify your details, and pay your premium.
Convenience fee/charge (non-refundable) will apply on credit card transactions

Register Now

State Bank of India (standing instruction)

It is now easier to pay your renewal premium through SBI bank account, fill the SBI SI form and submit along with original personalized cancelled cheque and submit it at any of TATA AIA Insurance Company Ltd. branch offices, at least 15 working days prior to the next premium due date.
Download SI Form

Debit card

You can now sign up for standing instructions directly on your bank account through your debit card. (Standing Instructions need to be set 15 days prior to the premium payment date

Register Now

e-NACH (National Automated Clearing House)

National Automated Clearing House (NACH) is an electronic payment facility available through National Payments Corporation of India (NPCI). Download the NACH standing instructions form and submit the filled form at any of TATA AIA Insurance Company Ltd. branch offices. To know more on NPCI visit website www.npci.org.in (Standing Instructions need to be set 15 days prior to the premium payment date)

Download NACH Form

Cash Or Cheque

The most usual and convenient way to pay your renewal premium is through cash or cheque at our Branch offices, located across the country

Know More

Paying your premium has become easier and come closer home! Pay renewal premium at your local State Bank of India branch by cheque, demand draft or cash.

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Enjoy the convenience of paying your premium amount in cash at your neighborhood Suvidhaa outlets located across India. You can now pay your renewal premium payment in cash upto Rs.49999/-.

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Go ahead and pay your renewal premium by cheque, DD or Cash at your nearest CAMS-authorized service centre as well.

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Another option to pay your renewal premium is by visiting IndusInd Bank. Walk into the nearest IndusInd Bank branch to pay your renewal premium in local cheque, demand draft, or cash. On payment, you will receive an acknowledgement copy receipt, with a stamp from IndusInd Bank.

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AP Online is the official portal, and a digital gateway for the Government of Andhra Pradesh to offer multiple services through a single window, to its citizens.

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Enjoy ease and convenience of paying your Tata AIA Life Insurance premiums at any of the cash counters in branches of Axis Bank.

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Common Service Centres

Renewal premium payment is convenient now. Pay your Tata AIA Life Insurance premiums at any of the Common Services Centers (CSC) outlets. You can now pay your renewal premium payment in cash upto Rs.49999/-

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How To Choose The Right Premium Payment Option For You?

While there are different options to pay insurance premiums, it is important to choose the right option to ensure you make timely premium payments.

Here is how you can choose the right option based on the different types of premium payment.

  • Different Modes Of Premium Payment and How You Can Pay Them

    Life insurance plans offer mainly three different types of premium payment.
     

    Single Premium Payment

    In a single premium payment, you will pay the premium for the life insurance plan as a one-time payment during policy inception. 

    In this scenario, you can choose to pay premium online or by cash or cheque based on your convenience.

    Limited Premium Payment

    In a limited premium payment, you will pay the premium regularly for a limited policy term while ensuring the life insurance benefits throughout the policy tenure. You can pay the premium monthly, semi-annually, or annually as preferred.

    In this scenario, you can choose to pay premium online or set standing instructions.

    Regular Premium Payment

    In a regular premium payment, you will pay the premium for the life insurance policy regularly throughout the policy tenure. You can choose between monthly, quarterly, semi-annual, or annual payments. 

    In this scenario, you can choose to pay premium online or set standing instructions. However, if the policy tenure is longer, it is highly recommended you set standing instructions to avoid failing to pay the insurance premium.

    Although you receive timely notifications to pay insurance premiums, you can set reminders to ensure you make regular payments when you choose to pay premiums online.

Click here to learn more about the list of premium payment options.
 

Frequently Asked Questions

What is a renewal premium?

Renewal premiums are the subsequent premiums paid by the policyholder to the insurer to keep the policy active and avail the benefits of the policy accordingly.

What are the premium payment options available?

There are various convenient options to make the premium payments.

  • Various Online Payment Options (Net banking /Credit Cards/Debit Cards/Paytm/Wallets etc.) 
  • Mobile apps - PAYTM, HDFC PAYZAP, JIO MONEY & Amazon Pay 
  • Payment through the Bank site using 'Bill Pay'
  • Payment to our Banking Partner - State Bank of India/ Axis Bank /IndusInd Bank at their branches
  • Payment at the Retail Outlets (Suvidhaa, Andhra Pradesh Online, Common Service Centres)
  • E-Mandate \ NACH \ Online Standing Instruction through Credit Card - Visa Master and American Express cards are accepted for premium payments 
  • Branches - At all Tata AIA Life Insurance Company Ltd. branch locations 
  • Interactive Voice Response (IVR) - You can call our Customer Care number and make payment through our IVR.

How can I enroll for the standing instruction facility on my Credit card or Bank Account?

  • Visit www.tataaia.com.

  • Navigate to the 'Customer Service' menu and select 'Set Standing Instruction.' 

  • Choose the option - Credit Card or Bank Account

  • Provide the required details & proceed 

  • Login to Net banking or Debit Card details and approve

Kindly ensure you register 7 days before the due date to ensure your standing instruction is ready for execution on the due date.

Will there be a convenience charge for using a credit card to make my renewal premium payment?

  • Is there any charge levied on credit card payments?

  • Yes, for premium payment via credit card, payment gateway charges are applicable.

  • What is the charge /convenience fee on premium levied towards?

  • It is levied towards payment gateway charges associated with credit card transactions, like the charges levied on credit card payments in other industries as well. This charge is paid by the customer to the payment gateway directly.

  • Is this a prevalent practice across industries?

  • Yes, this is a prevalent practice where the convenience fee/charge on credit card payment is passed on to the consumer. For instance, utility bill payment, ecommerce transactions and General insurance companies have been following this approach for some time. Recently, some life insurance companies have also adopted this practice of passing the convenience fee/charges on credit card to customers. This fee/ charge is typically applied to cover the payment gateway charges associated with credit card transactions.

  • How much is the convenience fee/charge?

  • The convenience fee/ charge may vary depending on the type of credit card used for payment such as Visa, Master, Diners, RuPay, American Express & any International Card etc. The applicable convenience fee will be displayed online during the payment process which may be upto 1.5 % + GST on convenience fees.

  • Is convenience fee/charge applicable on international card?

  • Yes, Convenience fees is applicable on credit card issued in India & Aborad.

  • Is the convenience fee/charge applicable for all payment methods?

  • No, the convenience fee/charge is applicable only for payments made via Credit Card. For other payment methods such as Debit card, Net Banking or UPI NO such fee/charge is applicable. 

  • Can I avoid paying the convenience fee/charge?

  • Yes, to avoid the convenience fee/charge, you may opt for other payment methods like Debit Card, Net Banking or UPI, where there is NO charge/fee is applicable. Alternatively, you may also pay the renewal premium via cheque at any of our premium collection touch points.

  • For any reason if premium is refunded/reversed, will the Convenience fee /charge be refunded?

  • The convenience fee/charge is non-refundable, as it is charged at the transaction level.

When will the premium be debited from my account if I opt for the Standing Instruction facility?

If you have opted for the Standing Instruction facility, the instruction is sent to your Bank 7 days in advance, and the premium will be debited on the due date.

Can I pay the premium online or at the counters if my Standing instruction facility is still pending?

Yes. Premium can be paid through various premium payment option during the pendency of the mandate. Click here to pay right away

What is the most convenient method for payment of life insurance premiums?

The most convenient payment method for life insurance premiums can be based on the type of premium payment chosen, whether single, limited, or regular premium payments and your preferences. 
 

For example, you can choose to pay premium online or set standing instructions when you opt for the limited or regular premium payment options.

How to pay life insurance premiums online?

  • Visit the Premium Payment Options page.

  • Navigate to the Online Premium Payment Section.

  • Choose from the wide-ranging options to pay premium online.

  • Provide the necessary details and approve to pay the life insurance premium.