Pay My Premium
Kotak Life Insurance simplifies your premium payment process to ensure that your payments are on time. Choose the most convenient payment option for you and pay with a few clicks.
Choose from the following options:
Electronic Clearing Service (ECS) is a convenient payment option that automatically debits your premium amount from your bank account on the due date.
Benefits of ECS
No need to remember your premium due dates
Ensures that your policy does not lapse due to non-payment
To register for ECS please click here
To know more about ECS, you may write to us at
Please ensure that your policy is active (in force) at the time this facility is activated.
Standing Instruction on Kotak Bank Credit Card:
You can avail of the Standing Instruction facility on your Kotak Bank credit card by submitting the below documents at the nearest Kotak Life branch. To locate your nearest branch please click here
1. Kotak Credit Card debit Authorisation form click to download
2. Policy holders credit card statement
Net Banking/Debit Card/Credit Card/UPI/ e-Wallet
Click here to pay premium instantly via Net Banking/Debit Card/Credit Card/UPI /e-Wallet
(All Indian payment cards are accepted)
NEFT
Log into Net Banking of your bank account, select the option NEFT transfer and enter the below mentioned details:
| Beneficiary account | 99800KLIFExxxxxxxx (The number after KLIFE would be your 8 digit Policy Number) E.g.: If your Policy No. is 00921500, the beneficiary account would be 99800KLIFE00921500 If your Policy Number is less than 8 digits, please add requisite number of zeroes before the Policy No. |
| Account type | Current Account |
| Beneficiary name | Kotak Mahindra Life Insurance Company Limited |
| IFSC Code | For Kotak Bank customers: KKBK000VRTL (Note: Kotak bank customers should use IFSC code- KKBK000VRTL and select bank name as “OTHER BANKS” as it’s a virtual account) For Other Bank customers: KKBK0000958 |
| Bank Name | Kotak Mahindra Bank |
| Branch Name | MUMBAI NPT (Nariman point) |
| Amount | Rs. xxxxx (Your premium amount) |
Please note: For every successful NEFT transaction, your bank will provide a UTR (Unique Transaction Reference) Number. Please mention the UTR for any future correspondence with Kotak Life Insurance regarding your NEFT transaction.
NEFT premium payments should preferably be made from the policyholder’s bank account. If you wish to make an NEFT payment via a third-party account, kindly ensure that the third party is registered with Kotak Life for premium payment. You can register a Third-Party Premium Payer at your nearest Kotak Life branch, which can be located here. The Payer will be registered in 3 days after submitting the request, post which the premium payment can be made to the above-mentioned bank account.
UPI
Phone Pe - Go to recharge and bill pay and select Insurance>>Search and Select Kotak Life Insurance>> Enter policy details>>Make payment
Google pay - Search and select Kotak Life Insurance>> Enter policy details>>Link Account >>Make payment
Amazon Pay - Go to Insurance and select Insurance premium>>Select Kotak Life Insurance>> Enter policy details>>Make payment
Paytm -Search Insurance>>Select Insurance premium>>Search and select Kotak Life Insurance company limited>> Enter policy details>>Make payment
Payment at Kotak Life Branch
Pay Premiums by cash/cheque/demand draft at your nearest Kotak Mahindra Life Insurance Company Ltd. branch.
To locate your nearest branch, please click here
Premium payments are accepted in cash only upto Rs. 49,999.
Cheque/DD should be drawn in favour of ‘Kotak Life Insurance Policy No XXXXXXXX. Kindly mention your name and contact number on the reverse side.
Please carry a copy of your PAN card for updation at Kotak Life end
Submit the Declaration of Relationship for Third Party Payment in case the premium is paid by a person other than the Policy Owner (Third party relations). Acceptable third-party relationships include Spouse, HUF,Parents, Grandparent, Partnership firm, Sole Proprietorship firm, Company and Creditor.
Payment at Kotak Mahindra Bank Branch
Payments are accepted via Kotak Bank Cheques.
For cheque payments, a Kotak Mahindra Bank cheque issued by the policyholder is required
This service is available for policies that are due for renewal or have lapsed within 180 days. Policies that have lapsed for more than 180 days can only be renewed at Kotak Life Insurance branches.
Please note that the bank does not accept partial payments or multiple transactions for the same policy.
If the policyholder’s PAN number has not been provided previously, it will be required at the time of payment.
Kotak Mahindra Bank branches will accept premium payments during the bank’s working hours.
Pay Premium FAQs
Get answers to all your Premium Payment related questions right here.
Need help for paying premium?
Call on toll free number 1800 209 8800(8:00 am to 10:00pm)
Call the toll free number for help regarding premium payments.
Get details of your policy on WhatsApp
Send a "Hi" to 93210 03007, from your registered mobile number.