Insurance Premium payment has seen so many upgrades in recent years. In this digital era, online payments are very common and convenient.
Insurance Premium Payment Options –
- Digital Wallets
- Credit Card
- Debit Card
- Cash at the nearest branch
These are the most common payment options available to make insurance premium payments.
Why should you make premium payments on time?
Insurance premium payments are not like your credit card bill. They do have a 30 days grace period. But if you don’t make the payment before your grace period ends, the Insurance Policy will lapse. We do not want that to happen. You may lose the insurance benefit and may not be able to use it when you need it.
Of course, you can revive it within a stipulated time, however, you won’t be covered during this period. In order to avoid this, you need to pay your insurance payments on time.