Overview

You can pay your Bajaj Life Insurance renewal premium instantly online, without logging in, using the Bajaj Life Insurance Quick Pay Portal. To complete your payment, choose from these options:

Official Online Methods (No Login Required)

  • Quick Pay Portal: Visit the Bajaj Life Insurance website, click Pay Premium or Renew Policy, enter your policy number and date of birth, then pay via UPI, net banking, or debit/credit card.
  • Life Assist Customer Portal: Log in to track, manage, and pay renewals.
  • Mobile App: Download the official app from Google Play or the App Store.
  • WhatsApp: Save 8806727272, send "Hi," and follow the prompts to pay.

Offline

  • Branches: Pay via cash, cheque, demand draft (DD), or card at any Bajaj Life branch.

Nobody wants their life cover to lapse over something as fixable as a missed payment, but it happens more often than you would think: a card expires, an old bank account gets closed, or a due date simply slips your mind. 

The good news is that Bajaj Life Insurance premium payment is quick to sort out, whether you're paying on time or trying to catch up after a missed one.

This guide covers every way to complete your Bajaj Life Insurance premium payment either online or offline. We also break down how to set up auto-debit so this never comes up again, how to download your receipt for tax filing, and exactly what happens if a payment slips past the due date.

Want a second opinion on whether your current Bajaj Life policy is priced and structured right for you? Book a call or chat on WhatsApp with Ditto's IRDAI-certified advisors.  

What Is Bajaj Life Insurance Premium Payment?

Premium payment is simply the amount you pay Bajaj Life on a set schedule, monthly, quarterly, half-yearly, or yearly, to keep your policy active and your cover in place. You can pay it online in a couple of minutes, set it to happen automatically, or pay in person at a branch or partner bank if you prefer that route.

Ditto's Insight

If you're the sort of person who forgets due dates, auto-debit is worth setting up on day one rather than after your first missed payment, or you can also add a calendar reminder for all your premium due dates. It costs nothing extra and removes the entire problem this guide is about.

How to Pay Bajaj Life Insurance Premium Online?

Pay Online via the Bajaj Life Website or App

  1. Go to the Pay Renewal Premium page, the Life Assist portal, or the Bajaj Life Mobile app
  2. Select Quick Pay
  3. Enter your policy number and the date of birth of the life assured
  4. Choose your payment method: credit card, debit card, net banking, UPI, or EMI on select bank credit cards

You do not need to log in to make a one-time payment. Logging into the Life Assist portal gives you a dashboard view of all your policies and due dates in one place.

Pay via WhatsApp

  1. Send "Hi" to 8806727272
  2. Select "Premium Payment" from the menu
  3. A payment link will be shared directly in the chat

Pay via the BOING Chatbot

  1. Open the BOING chatbot on the Bajaj Life website
  2. Follow the guided conversational flow to complete your payment

You can also pay your premium offline through the following options:

SBI Branches: Pay by cash (up to ₹49,999), cheque, or demand draft using your policy number and date of birth.

Axis Bank ATMs: Axis Bank account holders can pay directly from their account by navigating to Special Services and selecting Insurance.

If you're still deciding how much cover to take and want to see what a premium would actually look like, the Bajaj Life Insurance premium calculator gives you a quick estimate before you commit. 

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How to Pay Bajaj Life Insurance Premium via Auto-Debit or NACH?

Auto-debit removes the need to remember due dates altogether, and Bajaj Life offers three ways to set it up:

    •  A bank account NACH mandate
    •  A UPI mandate (for policies with a mandate amount up to ₹15,000)
    •  An e-mandate on your credit card.

To register a bank NACH mandate:

    • Authenticate your policy details using your policy number and date of birth.
    • Select your preferred debit date (optional) and registration mode.
    • Choose your bank from the list provided.
    • Enter your bank account number and click "Register Now".
    • Log in with your net banking credentials to complete authorization.
    • You'll get an on-screen confirmation once the bank verifies the mandate.
    • From then on, premiums are debited automatically on your due date or preferred date.

The UPI mandate process is nearly identical, except you provide your UPI ID instead of bank details, and you approve the registration request directly in your UPI app rather than logging into net banking. 

Credit card standing instructions work the same way too, with an OTP from your card-issuing bank completing the setup.

If you want to switch which bank account or card gets debited, you can register a fresh mandate with the new details through the same process. There's no need to cancel the old one manually since a new registration supersedes it.

Note

It is advised to be cautious of cash frauds. Bajaj Life states plainly that no agent or representative is authorized to collect premiums in cash.

How to Download Your Bajaj Life Insurance Premium Receipt?

Your Bajaj Life Insurance premium payment receipt, which is useful for income tax filing under Section 80C (old regime), now Section 123, is available directly from the Life Assist customer portal. Here are the steps you can follow:

  1. Log in to the Life Assist portal using your registered mobile number or email ID.
  2. Verify with the OTP sent to you.
  3. Go to "Policy Statements" from your dashboard.
  4. Select "Premium Receipts".
  5. Choose the relevant policy and payment date.
  6. Download the receipt as a PDF.

What Happens if You Miss a Bajaj Life Insurance Premium Payment

Missing your due date doesn't immediately affect your cover. You first get a grace period: 15 days if you pay monthly, 30 days for quarterly, half-yearly, or yearly modes, during which your policy stays fully active, and any claim would still be honored (after deducting due premium).

If the grace period passes without payment, the policy lapses, meaning your cover stops and no claim can be made against it. 

That said, Bajaj Life still allows you to pay with interest for a further period, up to 6 months from the original due date, without needing extra paperwork.  After that 180-day mark, reviving the policy requires submitting a Declaration of Good Health and, depending on how long it's been, possibly a fresh medical check. It is wise to first thoroughly check how to revive a policy.

You cannot split an overdue premium into partial payments. The full outstanding amount is due at once to bring the policy current again.

Bajaj Life Insurance Grace Period and Revival Rules

To summarize the timeline, firstly you get 15 or 30 days of grace depending on your payment mode. Exact revival terms, including how long the window stays open for different plan types, are laid out in your specific policy document, so it's worth checking that if you're several months past due.

Non-linked policies like a term plan can be revived within five years of the first unpaid premium, ULIPs within three years. After that, the policy cannot be revived at all. You will have to buy fresh cover at your current age, which for most people is materially more expensive and possibly unavailable if your health has changed. 

Why Choose Ditto for Term Insurance?

At Ditto, we’ve assisted over 8,00,000 customers with choosing the right insurance policy. Why customers like Aaron below love us:

Bajaj Life Insurance Premium Payment
    • No-Spam & No Salesmen
    • Rated 4.9/5 on Google Reviews by 30,000+ happy customers
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    • Dedicated Claim Support Team
    • 100% Free Consultation

You can book a FREE consultation. Slots are running out, so make sure you book a call or chat on WhatsApp now!

Conclusion

Paying your Bajaj Life Insurance premium takes a couple of minutes online, and setting up auto-debit means you never have to think about it again. If you do miss a due date, the grace period and the window give you real room to catch up before anything drastic happens to your cover.

At Ditto, we rank Bajaj Life eTouch II among our top term plan picks, particularly for NRIs, and if you bought your policy through us, our team is available for renewal guidance and claims support whenever you need it.

Frequently Asked Questions

Can I pay my Bajaj Life Insurance premium online without logging into a customer account?

Yes. The Quick Pay option on Bajaj Life's Pay Premium page lets you pay by entering just your policy number and the date of birth of the life assured, without creating or logging into a full account. WhatsApp works the same way: send "Hi" to 8806727272 and choose the premium payment option to get a direct payment link.

What payment methods does Bajaj Life Insurance accept for online premium payment?

Bajaj Life accepts credit card, debit card, net banking, UPI, and EMI on select bank credit cards for online premium payments. Offline, you can pay by cash (up to ₹49,999), cheque, or DD at a Bajaj Life branch, or at partner outlets like Axis Bank ATMs and SBI branches.

How do I download my Bajaj Life Insurance premium payment receipt for income tax purposes?

The process of Bajaj Life Insurance premium payment receipt download is quite simple. Log into the Life Assist portal, go to Policy Statements, and select Premium Receipts to download a PDF copy for the payment you need. If your employer or tax consultant specifically asks for a Premium Paid Certificate instead, that's available in the same section of the portal.

Is there a grace period if I miss my Bajaj Life Insurance premium due date?

Yes. You get 15 days of grace for monthly premiums, and 30 days for quarterly, half-yearly, or yearly premiums, during which your policy stays fully active. Even after the grace period ends, Bajaj Life typically allows payment with interest for up to 6 months from the due date before further steps like a health declaration are needed.

Can I switch my Bajaj Life Insurance premium payment mode from yearly to monthly mid-policy?

Yes, you can change your premium payment frequency between monthly, quarterly, half-yearly, and yearly, though this can only be done on your yearly policy anniversary and is subject to your specific policy's terms and conditions.

What happens to my life cover during the Bajaj Life Insurance premium grace period?

Your cover remains fully active during the grace period, so a claim filed during this window is still payable, after deducting the due premium from the payout. It is only once the grace period ends without payment that the policy lapses and cover stops.

What happens next depends on your plan type and how long you have been paying. For pure term plans at any stage, and for savings plans in the early years before a paid-up value is acquired, cover stops entirely, and no claim is payable. If the policy has acquired a paid-up value, it converts to ‘Reduced Paid-Up’ status, where cover continues at a reduced sum assured proportionate to the premiums already paid. For ULIPs, discontinuing within the first five years moves your fund to the Discontinued Policy Fund, while discontinuing after five years results in the policy going Reduced Paid-Up.

Can I set up auto-debit for my Bajaj Life Insurance premium using a different bank account than before?

Yes. You can register a fresh NACH mandate, UPI mandate, or credit card standing instruction with new account or card details through the same auto-pay registration process, and the new mandate takes over from the old one without needing a separate cancellation step.

Can I pay premiums on behalf of a family member?

No. Premium payments must be made by the policyholder themselves. Bajaj Life does not allow a third party, including a family member, to pay premiums on someone else's policy. If you are looking to ensure continuity of premium payments, consider setting up an auto-debit or standing instruction from the policyholder's own bank account.

How long does Bajaj Life take to reflect my premium payment?

Bajaj Life insurance premium pay process typically takes 24 to 48 hours to reflect in Bajaj Life's system and on the customer portal. If your payment has not been updated after 48 hours, contact customer care with your transaction reference number and payment confirmation for faster resolution.

Why has my renewal premium amount dropped this year?

Since September 22, 2025, individual life insurance premiums across all product categories, including term, ULIP, and endowment plans, are exempt from GST. This means your renewal premium will be lower than what you paid in previous years since the GST component has been removed. Additionally, premiums can be paid up to 3 months in advance of the due date if you want to plan your payments ahead of time.

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