Premium Payment Options

You can pay premium in under 2 minutes.

Choose from credit cards (Master/Visa/Amex/Diners), EMI on card, Net Banking, debit cards (Visa/Master), wallets/cash cards, and UPI.

Do two small steps:

• Select your preferred payment gateway
• Fill in your information and make the payment

You can log in to your bank’s website and select NEFT/RTGS for making the payment.

You need the following details

You can pay your policy premium from your international bank account or transfer money by visiting one of its branches. 

Steps to follow:

Online payment

• Log on to your bank's internet banking website/app
• Add payee in the forex payment section with the below details (one-time activity)
  • Beneficiary Name: Max Life Insurance Co. Ltd.
  • Beneficiary Account Number: 1165 <XXXXXXXXX> (1165 followed by 9-digit policy number)
  • Swift Code: HSBCINBB
• Log on to your bank's internet banking website/app and make the premium payment before the due date

Bank Branch Payment

• Walk into any of your bank’s branches for the forex payment/wire transfer
• Fill out and submit documents as required by your bank with the below details
  • Beneficiary Name: Max Life Insurance Co. Ltd.
  • Beneficiary Account Number: 1165 <XXXXXXXXX> (1165 followed by 9-digit policy number)
  • Swift Code: HSBCINBB
• Obtain remittance receipt/confirmation from your bank for future reference

You can pay premium online through Paytm 24*7.

Visit https://paytm.com/insurance-premium-payment/max-life-insurance and just add your Policy Number and Date of Birth to complete your payment. 

The payment can be made through Paytm Wallet, Visa, MasterCard credit card/debit card, UPI, and net banking.

You can make your premium payment by dialing into our Interactive Voice Response (IVR) 24*7 at 1860 120 5577.

You can also get the following information through IVR:

• Due date
• Payment status
• Premium receipt
• Local office addresses
• NAV, etc.

To serve you better, our IVR supports various languages: English, Hindi, Punjabi, Marathi, Gujarati, Kannada, Tamil, Telugu, Bengali, and Malayalam. 

The auto-debit feature allows you to give standing instructions to your credit card (VISA/MasterCard) for automatic payment of your premium before the due date.

Fill out the standing instruction form here, and send it to us along with a photocopy of the front side of your credit card.

You can send these documents to us by:

• Visiting one of our branch offices
• Handing it to your advisor appointed by Max Life Insurance
• Mailing to the following address:
  • Mandate Desk, Max Life Insurance Company, Operations Center, 3rd Floor,  90 A Sector 18, Udyog Vihar, Gurugram-122015

You can opt for the ECS feature that automatically debits the premium amount from your bank on your chosen draw date.

Fill out the NACH/ECS/Direct Debit Mandate Instruction Form after verifying your bank details, and send it to us along with a cancelled cheque, at least 30 days before your next premium due date.

You can send these documents to us by:

• Visiting one of our branch offices
• Handing it to your advisor appointed by Max Life Insurance
• Mailing to the following address:
  • Mandate Desk, Max Life Insurance Company, Operations Center, 3rd Floor, 90 A Sector 18, Udyog Vihar, Gurugram-122015

For the latest MICR list, click here. 

If your specific bank branch does not fall under ECS-enabled locations approved by RBI then you can opt for our direct debit facility. 

We have partnered with many banks (see the list below) that allow the premium due amount to be directly debited from your bank account on the draw date chosen by you.

Fill out the ECS Mandate Form and send it to us along with a cancelled cheque, at least 30 days before your next premium due date.

You can send these documents to us by:

• Visiting one of our branch offices
• Handing it to your advisor appointed by Max Life Insurance
• Mailing to the following address:
  • Mandate Desk, Max Life Insurance Company, Operations Center, 3rd Floor, 90 A Sector 18, Udyog Vihar, Gurugram-122015

For more information, visit the ECS FAQs section.

List of banks supporting non-ECS-enabled locations:

• ALLAHABAD BANK
• AXS-AXIS BANK LTD
• BOI-BANK OF INDIA
• BANK OF MAHARASHTRA
• CIT-CITI BANK N.A.
• HON-HONGKONG AND SHANGHAI BANKING CORPORATION
• IBL-IDBI BANK LTD
• ICI-ICICI BANKING CORPN LTD
• KMB-KOTAK MAHINDRA BANK LTD
• PNB-PUNJAB NATIONAL BANK
• SBI-STATE BANK OF INDIA
• SOUTH INDIAN BANK
• YES-YES BANK LTD.
• IDS-INDUSIND BANK LTD
• UNION BANK OF INDIA
• BANK OF BARODA
• FEDERAL BANK
• CORPORATION BANK
• UCO BANK
• STATE BANK OF PATIALA
• KARNATAKA BANK LTD
• UNITED BANK OF INDIA

Electronic Bill Payment Process (EBPP) is an automated facility that automatically debits your policy premium amount from your bank account on the due date.

To register for this facility, select one of the service providers below and complete the registration:

• Tech Process
• Bill Desk

Max Life Insurance has exclusively partnered with Lakshmi Vilas Bank. You can make your policy premium payment at any of its branch locations.

Click here to locate the nearest branch.

You should write a cheque payable to ‘Max Life Insurance Co. Ltd.” followed by your 9-digit policy number.

Please mention your name, policy number, and contact details at the back of the cheque.

We have a network of 212 branch offices across 143 cities. We accept payments through cash, credit card, and cheque at our branches.

To reach us:

• Click here to locate the nearest branch office to you
• Call us at our helpline number 1860 120 5577

Please do not forget to take the acknowledgement slip post the payment.

Max Life Insurance has exclusively partnered with Axis Bank. You can make your policy premium payment at any of its branch locations or ATMs.

Click here to locate the nearest branch.

Max Life Insurance has exclusively partnered with ITZ. You can make your policy premium payment at any of ITZ cash counters.

Click here to locate the nearest cash counter.

Max Life Insurance has exclusively partnered with Common Service Center (CSC). You can make your policy premium payment at any of the CSC branches.

Click here to locate the nearest CSC branch.

You can pay Max Life Insurance policy premium from your bank’s branch location by filling out the NEFT/RTGS form.

You will need the following details

Max Life Insurance has exclusively partnered with YES BANK. You can make your policy premium payment at any of its branch locations.

Click here to locate the nearest branch.

You can call us at our helpline number 1860 120 5577 and request for a renewal cheque pick-up.

The facility is available in the following locations:

• Delhi & NCR
• Lucknow
• Chandigarh
• Ludhiana
• Jaipur