ICICI Prudential Insurance payment online
With over two decades of experience in the Indian insurance industry, ICICI Prudential Insurance company has established itself as one of the leading insurance providers in the subcontinent. ICICI Prudential offers a comprehensive range of insurance products that cater to a diverse range of financial needs, including health, life, and pension coverage. One of the areas that ICICI Prudential focused on is making their premium payment process seamless, which allows customers to pay their insurance premiums easily and securely. Bajaj Pay -the BBPS platform on Bajaj Finserv is a secure platform to make your ICICI Prudential insurance premium payments without any hassle.
The Bharat Bill Payment System (BBPS), conceptualised by the RBI, is an integrated online platform in India for bill payments, offering a convenient and secure way to pay various bills, such as electricity, water, and more.
-
Benefits of paying ICICI Prudential Insurance premium on Bajaj Finserv
- Quick and hassle-free
With the Bajaj Finserv BBPS platform, you can make your ICICI Prudential insurance premium payment quickly and effortlessly.
- Safe and secure
Bajaj Finserv provides a safe and secure payment platform. Your ICICI Prudential insurance online payment details are secure with the platform’s robust security measures.
- Multiple payment options
Bajaj Finserv offers multiple payment options, including debit card, credit card, net banking, and UPI. This allows you to choose the payment method that suits you best.
- Instant confirmation
After making the payment, the platform immediately confirms the payment through an email and SMS.
Fees and charges
A convenience fee of up to 2% will be charged depending on the transaction amount and payment mode (inclusive of applicable taxes). For more information on fees and charges, click here.
Note: For failed transactions, the total amount including charges except taxes are reversed.
Renew other insurance premiums
Bajaj Finserv also allows you to renew insurance premiums for:
- Quick and hassle-free
Steps to renew ICIC Prudential Insurance on the Bajaj Finserv website
Here is how you can pay your ICICI Prudential insurance premium on the Bajaj Finserv website:
- Visit the Bajaj Finserv website
- Go to the ‘ALL PAYMENTS’ under the ‘PAYMENTS’ section and click on it
- Select ‘LIC/INSURANCE’ option under the ‘BILLS AND RECHARGES’ section
- Choose your biller from the drop-down
- Enter your loan number and click on ‘FETCH YOUR BILL’
- Select a payment method from the list of available payment options such as credit cards, debit cards, and net banking
- After choosing your preferred payment mode, enter the requested payment details
- Check the details you entered and click on 'PAY NOW’
You will receive a notification from Bajaj Finserv after successful payment
Recharge and Pay Bills
Bajaj Finserv app for all your financial needs and goals
Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.
You can use the Bajaj Finserv App to:
- Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
- Invest in fixed deposits and mutual funds on the app.
- Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
- Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
- Apply for Insta EMI Card and get a pre-qualified limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
- Shop from over 100+ brand partners that offer a diverse range of products and services.
- Use specialised tools like EMI calculators, SIP Calculators
- Check your credit score, download loan statements and even get quick customer support—all on the app.
Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.
Frequently asked questions
Yes, you can pay your ICICI Prudential premium online through the Bajaj Finserv platform. Log in to the Bajaj Finserv portal or app, navigate to the "INSURANCE PREMIUM PAYMENT" section, select ICICI Prudential, and complete the payment using your preferred method.
Yes, ICICI Prudential allows premium payments after the due date during the grace period. This period is typically 15–30 days, depending on your policy type. If payment is not made within this timeframe, your policy might lapse. Contact ICICI Prudential for specific details.
The lock-in period for ICICI Prudential policies, such as ULIPs, is five years. During this time, you cannot withdraw or surrender the policy benefits. The lock-in period ensures disciplined investment and secures long-term benefits for policyholders.
To reactivate a lapsed policy, contact ICICI Prudential and submit a reinstatement request. Pay all pending premiums along with any applicable late fees. You may need to provide a health declaration or undergo medical tests, depending on the policy terms.
You can check your policy status by logging into the ICICI Prudential website or app using your policy number. Alternatively, you can contact customer care or send an SMS with your policy number to the designated ICICI Prudential helpline.
Yes, you can withdraw money from certain ICICI Prudential policies like ULIPs after the lock-in period. Partial withdrawals are allowed based on policy terms and conditions. Contact ICICI Prudential or refer to your policy document for specific withdrawal rules.
