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| Home> Policy Holders> Premium Payment Options |
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| A policyholder can pay his/ her premiums via the following mediums: |
 Electronic Clearing Services (ECS) |
| ECS is an automated, simplest & most convenient facility which debits your premium from bank account, on your premium due date. |
| Benefits of ECS: |
- Relieves you from remembering your premium due dates.
- Relieves you from periodic issuing and depositing cheques.
- Helps you to pay your premium on the due date and ensure that your policy does not lapse.
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| ECS facility is currently available in selected 81 locations. Policy holders having a bank account in these locations & participating in clearing house operation can avail this facility by just submitting the ECS Mandate Form along with a cancelled cheque (which helps us record the MICR code of your bank). |
| You can submit this ECS Mandate Form at any of our Branch offices or mail it to our communication address as mentioned below. |
Kotak Mahindra Old Mutual Life Insurance Ltd.
Kotak Infiniti, Building No. 21, Infinity Park
5th Floor, Zone 2. Off Western Express Highway,
General A K Vaidya Marg,
Malad (E), Mumbai - 400 097 |
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 Standing Instruction |
| The Standing Instruction facility is another facility which enables the auto debit of premium from your bank account on your due date. The direct debit facility is currently available to all account holders of Kotak Mahindra Bank & HDFC Bank. |
| To avail this facility, you have to submit the duly filled Standing Instruction form. This Standing Instruction for needs to be verified by your banker. |
- Click here to download Kotak Mahindra Bank Standing Instruction Form
- Click here to download HDFC Bank Standing Instruction Form
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| You can submit this form at any of our Branch offices or mail it to our communication address as mentioned below. |
Kotak Mahindra Old Mutual Life Insurance Ltd.
Kotak Infiniti, Building No. 21, Infinity Park
5th Floor, Zone 2. Off Western Express Highway,
General A K Vaidya Marg,
Malad (E), Mumbai - 400 097 |
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 Online Payment |
| Premium payment has never been more convenient and simpler for you. Online Payment is an initiative to help you pay renewal premiums with a few clicks and that too anytime and anywhere. This service available PAN India to all Kotak Life Insurance policy holders. |
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| To avail this facility you need to have a valid Net Banking account with any of these banks: |
| ABN AMRO Bank |
Indian Overseas Bank |
| Allahabad Bank |
IndusInd Bank |
| Axis Bank |
Jammu & Kashmir Bank |
| Bank of India |
Karnataka Bank |
| Bank of Baroda |
Karur Vysya Bank |
| Bank Of Maharashtra |
Kotak Mahindra Bank |
| Central Bank Of India |
Lakshmi Vilas Bank |
| Citibank |
Oriental Bank of Commerce |
| Corporation Bank |
Punjab National Bank |
| Deutsche Bank |
State Bank of India |
| Federal Bank |
State Bank of Travancore |
| HDFC Bank |
South Indian Bank |
| ICICI Bank |
Tamilnad Mercantile Bank |
| IDBI Bank |
Union Bank of India |
| Indian Bank |
Vijaya Bank |
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 Payment through Bill Desk |
| You can authorize your premium payments online through Bill Desk. Register yourself at Bill Desk and choose Kotak Life Insurance as a Biller under Insurance category. |
| To avail this facility, please follow thee simple steps: |
- Logon to www.billdesk.com
- Register yourself online (No registration required, if you are an existing registered Bill desk user).
- Select Kotak Mahindra Old Mutual Life Insurance as a Biller under Insurance category.
- Enroll your Policy.
- Authorize your payment.
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 Electronic Bill Payment |
| Now, you can pay your premiums online through your net banking account. |
| To avail this facility, you need to Simply, register yourself with your bank for the Bill Payment service & opt Kotak Mahindra Old Mutual Life Insurance as your Biller. |
| To avail this facility you need to have a valid Net Banking account with any of these 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 |
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 Payment through Visa Bill Pay |
| A simple, convenient and secure way to pay bills with your Visa credit/debit card. |
- To avail this facility, Logon to www.visabillpay.in
- Pay right away:
Pay in three simple steps using the box on the right
Step 1: Select Biller Location
Step 2: Select Biller and provide billing details
Step 3: Authorize payment
- Register and Pay:
Set your billing details once to enjoy the convenience of "My Visa Bill Pay"
Step 1: Register and provide billing details
Step 2: Receive reminders of your next bill
Step 3: Login, view bill amount and make payment
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 Kotak Bank ATM Drop Boxes |
| You can drop your premium cheques at any Kotak Bank ATM drop boxes. Please draw the cheque in favour of “KOTAK MAHINDRA OLD MUTUAL LIFE INSURANCE COMPANY LIMITED POLICY NUMBER XXXXXXXX". Do mention your name and contact number on the reverse of the cheque. |
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 Skypak Drop Box |
| You can drop your premium cheques at any of the authorize Skypak drop boxes in your area. Please draw the cheque in favour of “KOTAK MAHINDRA OLD MUTUAL LIFE INSURANCE COMPANY LIMITED POLICY NUMBER XXXXXXXX". Do mention your name and contact number on the reverse of the cheque. |
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 MINC Drop Box |
| You can drop your premium cheques at any of the authorize MINC drop bosxes in your area. Please draw the cheque in favor of “KOTAK MAHINDRA OLD MUTUAL LIFE INSURANCE COMPANY LIMITED POLICY NUMBER XXXXXXXX". Do mention your name and contact number on the reverse of the cheque. |
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Payment at our Branch Offices