- Types Of Premium Payment Modes
- Online Premium Payment
- Offline Premium Payment
Tata AIG Health Insurance Premium Payment
Premium is an amount paid at a regular interval of time to the insurer by the insured for covering the risk. Health insurance companies offer online premium payment options that make the process of paying premiums simple, hassle-free, and quick. A person must pay premiums on time, this ensures that he/she continues to receive the benefits from his policy.
When talking about premium payment Tata AIG is amongst the next-generation insurance companies that offer various ways to make payments for their premiums. Tata AIG Health Insurance Company Limited is a joint venture company, formed by Tata Sons Pvt. Ltd. and AIA Group Ltd. (AIA). Let's see more about the types and payment processes of Tata AIG Insurance Premium Payment.
Types of Tata AIG Health Insurance Premium Payment Options
The company provides two types of payment options for premiums which are:
- Online Process
- Offline Process
Tata AIG Health Insurance Offline Premium Payment
Policyholders can even pay their premium offline at all Tata AIA Life Insurance Company Ltd. branch locations. Visit the nearest branch and talk to a concerned person to get your premium payments done.
Multiple Options of Tata AIG Health Insurance Premium Payment
Tata AIG Health Insurance Company lays out various payment options, which involve automatic payment, Universal payment options, and card payments. Here are a few options available:
- Autopay/e-Mandate: If a person opts for this option he never misses the premium payment. The payment will be auto-debited from the account of the policyholder. Only you have to update the account details on the Tata AIG website.
- Scan and Pay: Scan the QR code on various payment companies such as Paytm, and the JioMoney or Razorpay app, on scanning the website payment page, will open. Enter policy details to validate and make payment easily.
- Mobile Wallets: Customers pay their premiums through mobile wallets present in the Indian market.
- Digital Payments: Pay through Visa, Master Card, Debit Card and Net Banking Account.
- IMPS : Interbank Mobile Payment Service with IMPS, where the customer will pay premium instantly from their savings bank account using their mobile number and their 7-digit MMID (Mobile Money Identifier) number.
- UPI:
- Policyholders have to select UPI post-validation of policy details.
- Then enter your UPI ID to verify, after which he/she will receive a request to your UPI account.
- Log in to the UPI account, now go to pending requests and approve to make payment.
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Tata AIG Premium Payment: FAQ
1. Does Tata AIG offer any option for automatic payment of premiums?
Yes, Tata AIG offers an option for automatic payment of premiums; they are the Autopay /E-Mandate option. If a person opts for this option he never misses the premium payment.
2. What if a person misses the premium payment?
The company provides a grace period, and after this, the policy gets terminated.
3. What is a renewal of premium?
Renewal premiums are the succeeding premiums that are paid by the policyholder to the insurance company in order to keep the policy alive and avail the benefits of the policy accordingly.
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Written By: Bindiya Sinha
Bindiya is a seasoned content writer specializing in keeping readers acquainted with the insurance industry, term insurance developments, and life insurance sector shifts. With an experience of 3 years in insurance, Bindiya ensures that her readers stay well informed with the insurance developments and factually correct information.
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