Term life insurance offers financial protection to your loved ones in case of an unfortunate event. With flexible payment terms, you can ensure the policy remains active by paying premiums at regular intervals. These policies are designed to provide coverage for a specific term, usually ranging from 10 to 40 years, and typically offer affordable premiums compared to other life insurance policies. In exchange, they provide a lump sum payout to the beneficiaries if the policyholder passes away during the coverage period.

Term life insurance plans also come with options for riders, which offer additional coverage, such as critical illness or accidental death benefits. These riders give policyholders more comprehensive protection and peace of mind. Moreover, many insurers now allow policyholders to make premium payments online, making it more convenient to manage and maintain their policies without any hassle.

Now, Term Life insurance premium online payment can be done conveniently using the Bajaj Pay BBPS platform on BajajFinserv. The BBPS platform on BajajFinserv is a secure andaccessible avenue for users to handle your payments effortlessly. It is more than just connectivity; it is about making every part of your experience as smooth as your internet connection.

The Bajaj Pay platform ensures that every transaction is encrypted, safeguarding sensitive information, and providing peace of mind to families.

Benefits of paying Term Life insurance premium online on Bajaj Finserv

• Quick and hassle-free: With the Bajaj Finserv BBPS platform, you can pay insurance premium quickly and effortlessly.

• Safe and secure: Bajaj Finserv provides a safe and secure payment platform on BBPS. Your 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, e-wallet, 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.

Mode of payment

The Bajaj Pay platform offers a range of convenient payment options to pay your Term Life insurance premium.

Let us explore the available modes:

• Credit card/debit card: This is a widely accepted and convenient option. You can make payments using your Visa, Mastercard, or Maestro card issued by any bank in India.

• Net banking: If you prefer online bank transfers, Bajaj Finserv integrates with major banks across India. Simply select your bank from the list and utilise your existing net banking credentials for secure payments.

• Bajaj Pay UPI: This option leverages the Unified Payments Interface (UPI) for instant fund transfers. It is a secure and fast way to pay directly from your bank account using a UPI app.

• Bajaj Pay Wallet: Bajaj Finserv also offers its own digital wallet - Bajaj Pay Wallet. If you have a Bajaj Pay account, you can easily make payments using the balance stored in your wallet.

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.

• Explore and apply for co-branded credit cards online.

• 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-approved 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.