How to renew a life insurance policy online. Is it mandatory to have a Visa card for that? What are the other methods?
First, check with the insurance company if they have the option of online payment of renewal premium. Most insurance companies today have their own websites, through which anyone can pay premium online, provided he has a valid Master or a Visa debit/credit card. Another way of making premium payments is by using Net banking accounts of authorised banks. Once you click on the bank with which you have a Net banking I.D., you are directed to the online page of your banker, where you type in your bank login I.D. and password. On logging in, the total amount to be paid to the insurer is displayed. After the transaction is successfully completed, a digitally signed e-receipt is generated for your record.
First, check with the insurance company if they have the option of online payment of renewal premium. Most insurance companies today have their own websites, through which anyone can pay premium online, provided he has a valid Master or a Visa debit/credit card. Another way of making premium payments is by using Net banking accounts of authorised banks. Once you click on the bank with which you have a Net banking I.D., you are directed to the online page of your banker, where you type in your bank login I.D. and password. On logging in, the total amount to be paid to the insurer is displayed. After the transaction is successfully completed, a digitally signed e-receipt is generated for your record.
