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• Payment through National Electronic Fund Transfer (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	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.

• Electronic Clearing Services (ECS)

  It is a convenient option, that debits your premium from bank account on your premium due date automatically.

  Benefits of ECS:

  • No need to remember your premium due dates or issuing/depositing cheques
    
  • Ensure that your policy does not lapse due to non-payment
    
  • Submit a fresh ECS form, to alter your premium amount
    
  • Deactivate ECS with a written notice at least 15 days prior to the due date of ECS submission
    
  • In case of any payout, the company reserves the rights to use any alternate option to process the same such as Cheque/ NEFT/RTGS, etc.
    

  Click here to Register for ECS

  ECS facility is currently available in 81 convenient locations. Just submit the ECS Mandate Form along with a cancelled cheque at any of our branch offices or mail it to our address below:

  Kotak Mahindra Life Insurance Company Ltd.
  7th Floor, Zone 4, Kotak Infiniti,
  Building No. 21, Infinity Park
  Off Western Express Highway,
  General A K Vaidya Marg
  Malad (E), Mumbai - 400 097

• Standing Instruction

  You can give Standing Instructions to auto debit the premium from your bank account on the due date. It is available to all account holders of Kotak Mahindra Bank and HDFC Bank.

  Just submit the duly-filled Standing Instruction form. Once your bank verifies this form, you may start using this facility.

  Click here to download Kotak Mahindra Bank Standing Instruction Form

  Click here to download HDFC Bank Standing Instruction Form

  Submit the form at any of our branch offices or mail it to our address:

  Kotak Mahindra Life Insurance Company Ltd.
  Kotak Infiniti, Building No. 21, Infinity Park
  7th Floor, Zone 2. Off Western Express Highway
  General A K Vaidya Marg
  Malad (E), Mumbai - 400 097

• Payment through Bill Desk

  Authorise your insurance premium payments online through Bill Desk. Follow the simple steps:

  • Registration: Log on to www.billdesk.com and register online. (No registration is required if you are an existing registered Bill Desk user)
    
  • Listing as Biller: Select Kotak Mahindra Life Insurance Company Ltd. as a Biller under Insurance category.
    
  • Payments: Enroll your Policy & authorise your payment.

  Your registration request for renewal premium payment should reach Kotak Life Insurance at least 7 days prior to renewal due date.

  In case the registration request is received, less than 7 days prior to the date on which premium is due or after this date, then for the current renewal cycle payment date will be adjusted by 7 days after receipt of registration request.

  From the next cycle onwards, your renewal due date will be as per the original schedule. Renewal payment can be paid through this mode of payment only for policies where all the premiums have been paid on time.

• Electronic Bill Payment

  Register yourself for the Bill Payment service with your bank and choose Kotak Mahindra Life Insurance Company Ltd. as your Biller in your Net Banking account of the following banks:

  ABN AMRO Bank	IndusInd Bank
  Ahmedabad Municipal Coop Bank	ING Vysya Bank
  American Express	Jan Kalyan Sahakari Bank
  Bank of Baroda	Janata Sahakari Bank
  Bank of India	Kotak Mahindra Bank
  Bank of Maharashtra	Punjab and Maharashtra Coop Bank
  Barclays Bank	Punjab National Bank
  Central Bank of India	Shamrao Vithal Cooperative Bank
  Centurion Bank of Punjab	State Bank of Bikaner and Jaipur
  Citibank	State Bank of Hyderabad
  CKP Cooperative Bank	State Bank of India
  Corporation Bank	State Bank of Indore
  Cosmos Bank	State Bank of Mysore
  Dena Bank	State Bank of Patiala
  Deutsche Bank	State Bank of Saurashtra
  HDFC Bank	State Bank of Travancore
  IDBI Bank	UCO Bank
  Indian Bank	Union Bank of India
  Yes Bank	Vijay Cooperative Bank
  ICICI Bank

  Your registration request for renewal premium payment should reach Kotak Life Insurance at least 7 days prior to renewal due date.

  In case the registration request is received, less than 7 days prior to the date on which premium is due or after this date, then for the current renewal cycle payment date will be adjusted by 7 days after receipt of registration request.

  From the next cycle onwards your renewal due date will be as per the original schedule. Renewal payment can be paid through this mode of payment only for policies where all the premiums have been paid on time.

• Kotak Mahindra Bank ATM Drop Boxes

  Drop your premium cheques at any of the Kotak Mahindra Bank ATM drop boxes. Draw the cheque in favour of “Kotak Life Insurance Policy Number XXXXXXX”. Do mention your name and contact number on the reverse of the cheque.

  Click here to know your nearest Kotak Mahindra Bank ATM Drop Box

• Payment at our Branch Offices

  Pay Premiums by cash/cheque/demand draft at your nearest Kotak Mahindra Life Insurance Company Ltd. branch.

• *Postal money order

  A money order is an order issued by the Post Office for the payment of a sum of money to the ‘Payee’ in whose name the money order is sent through the agency of the Post Office.

  * In progress. Currently not available.

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