You must have heard about the bill pay and online insurance premium services, where you have to register your details and as and when the insurance premium due date is coming, you would get the intimation on mobile as SMS or on email. Then you have to log on to bank or bill payment service and pay the premium. Now in the line of the above, Visa card launched unique service – “Visa Card Insurance service”, where you can pay your insurance premium online with Visa Card Insurance service.
What is Visa Card Insurance service?
Pay your insurance premium by Visa Credit and Debit card. Using –
1- Insurance Company Website
2- Call center of Insurance Companies
3- Standing instructions on your Visa Card
How to use Visa Card Insurance service?
Go to Visa Insurance Website – Visabillpay
Select insurance company for which you wants to pay the premium. Policy Number, Instalment Premium, Name, Bill Due Date and Payment Amount; than enter your Visa credit and debit card no.
Some Important Points:
1. Partial/Late Payments
You cannot make partial payments or payments after due date to this biller. You need to pay the exact Total Amount Due as displayed in your latest bill received from the biller.Your payment is likely to be rejected by the biller if it does not confirm to this requirement
2. Time for Payments
You are requested to pay your bill at least 3 working days before the due date to ensure timely remittance of monies to the biller and to avoid any service disruption.
Your total payment will reflect in your card statement with the narration ‘VISABILLPAY-Insurance Company Name’.
4. For Insurance Premiums, the payment amount limit has been enhanced to Rs 50,000 per transaction.