Simple Steps to pay premium via Axis Bank
- Walk in to any of Axis Bank branch near you
- Provide the 10 digit policy number. All cheques should be drawn in the favour of ‘Tata AIA Life Insurance Company Limited’ followed by the policy number along with your full name, registered mobile number and policy number at the back of the cheque.
- Hand over the Cheque/DD/ Cash to the Axis Bank branch personnel.
- Take a printed acknowledgement from Axis Bank certifying receipt of premium payment
Cash payment above Rs. 49,999/- will not be accepted without a valid PAN card copy of the policy holder.
Cash will be accepted up to Rs. 49,999/- per policy.
As per Rule 114B of the Income Tax Act, amended dated 31.12.2015, quoting of PAN is mandatory if the premium amount exceeds Rs. 50,000/-irrespective of the mode of the payment.