ICICI Prudential Premium Payment

Assignment vs Nomination in Life Insurance

ICICI Prudential is one of the most sought-after companies in the market when it comes to life insurance.
Their customer-centric products and unparalleled customer support services have won them a fair share of the insurance market.

ICICI Prudential offers a host of premium payment options, both offline and online, for customers, making it easy for them to clear their payment without any hassle.

But before you zero in on a particular mode of payment from the list of online and offline options, you must make your pick and consider the option which is most suitable for your premium payment.

For the purpose, let’s take a look at the available premium payment options extended by ICICI Prudential.

Options For Online Premium Payment for ICICI Prudential

ICICI Prudential has various payment gateways online that allow customers to pay premium seamlessly with a click. To access the gateway of premium payments, you must have a strong internet connection. You can access any of these gateways
of payment from your mobile or computer system.

Listed below are some of the online modes of premium payment by ICICI Prudential.

1 Unified Payment Interface

Using Unified Payment Interface or UPI is one of the quickest and the easiest modes of payment. To avail the benefits of this mode of premium payment, you must have your bank accounts linked to the Unified Payment Interface.

Follow the steps listed below to pay ICICI Prudential Life Insurance premium via UPI:

Visit the official ICICI website page.
Just click on the Pay Premium option on the menu.
Enter your policy number or email ID or mobile number and your date of birth to log in. ICICI Pru Enter Details
Click on ‘Pay Now’ to proceed with the payment.
Next, select UPI from the options and proceed with the Payment. ICICI Pru UPI Payment

If you are not a registered user, then check the ICICI Pru login & registration process.

2 Credit/Debit Card

Paying via debit/credit card is another easy way to successfully pay ICICI Prudential Premium on time. You can use the ICICI website to complete your premium payment online.

Here is how you can do it:

Visit the ICICI Prudential website.
Just click on the Pay Premium option on the menu.
Log in with your policy number or email ID or mobile number and date of birth.
Select the debit/credit card option and proceed with the payment./li>
ICICI Pru Payment by Card

Note: You may also use ICICI Pru Life Net Banking facilities and pay using your debit and credit card.

3 E-Collect

To use the e-collect facility by ICICI Prudential Life Insurance, you must fill in the NEFT and RTGS form from your respective bank branch. You should be able to transfer money using the NEFT facility into your ICICI Prudential Life Insurance

Take note of the details mentioned below while filling the form:

Beneficiary Name: ICICI Prudential Life Insurance Company Limited

Beneficiary Bank: ICICI Bank

Bank Branch: CMS Branch, Mumbai

Beneficiary IFSC code: ICIC0000104

Bank Account Number: IPRUXXXXXXXX (where XXXXXXXX denotes application/policy number) The bank account number to transfer the funds will be a combination of ‘IPRU’ and policy number/application number.

Alternatively, you may follow the steps listed below to make the payment of premium:

Log in to your respective bank’s website.
Choose RTGS/ NEFT facility and enter Bank Account number and IFSC code (mentioned above) to make the payment.
Enter the amount of premium to be paid.
Pay the premium due.

4 E-Wallets

ICICI Prudential Payment can be paid through e-wallets like Paytm, Mobikwik and Jio Money. You can download any of these e-wallets from the Play/App Store. You must also make sure that you have enough money in your e-wallet to be able
to make the payment for the premium. In case you do not have adequate funds in your e-wallets, you can add money to your wallet by clicking the ‘Add Money’ option.

Listed below are the steps to make premium payment using e-wallets:

Visit the ICICI website.
Just click on the Pay Premium option on the menu.
From the list of payment options on the left, select ‘Wallet’ following which you will be provided with options on which E-wallet you would like to use to make payment.
Select your E-wallet (You can opt for either Jio Money, or Paytm or Mobikwik) and you will be redirected to their website. ICICI Pru Payment By E Wallet
Log in with your credentials and authorize the payment request.
Make the payment of the premium from your wallet.

Note: You may also pay your premium directly via the e-wallets. You must download the e-wallet app in your smartphone and log in with your credentials. Tab on the ‘Insurance’ button, select ICICI Prudential as your insurance
service provider, enter your policy number and make the payment.

5 ICICI Prudential App

You may also choose to pay via the ICICI Prudential App which you can download from the Play/App Store. Follow the steps mentioned below to make payment via ICICI Pru App.

Login to the ICICI Pru App with your credentials.
On the homepage, navigate to the menu.
Tab on the Premium Payment option.
Select your policy, view the amount of premium due.
Make the Premium Payment by clicking on ‘Pay Now’.

Life Insurance Companies

Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.

Options For Offline Premium Payment for ICICI Prudential

Customers who prefer to opt for the traditional mode of premium payment for ICICI Prudential plans can consider paying via various offline methods of payment. Let’s take a look at some of the available offline payment gateways.

Direct Debit

By availing of the direct debit facilities extended by ICICI Prudential, you can pay the premium without having to worry about missing a date. You must enable auto-debit instructions on your bank account to get started.

Follow the steps listed below to enable auto-debit facility for ICICI Prudential premium payment:

Download the ICICI Prudential Mandate form by clicking the PDF File.
Fill out the Mandate form with all relevant details.
Attach a canceled cheque with the mandate form.
Visit your nearest ICICI Prudential Branch office to submit the same.

To enable standing instructions for direct debit, visit the ICICI Prudential website and click on ‘SI’ or Standing Instruction as shown in the picture below.


ICICI Prudential customers can avail the benefit of dropping their cheques in the dropbox(s) at every ICICI branch office. Alternatively, you can also drop your cheques at MINC Dropboxes across various locations.


Lastly, you may pay the premium towards your ICICI Prudential policy via cash or cheque. ICICI Prudential policyholders can walk into any of the branches of the following banks for payment in cash:

ICICI Prudential Life
Yes Bank
Axis Bank
State Bank of India

Note: Payments up to Rs. 49,999 are only accepted if you choose to pay your premium in cash. In case you are paying by cheque, you may deposit the same at the drop box at any ICICI Bank branch or at your nearest MINC offices.

For any queries or concerns related to the payment of premium, you may call at 1860 266 7766 or mail your concerns at lifeline[at]iciciprulife[dot]com.

If you have bought your ICICI Prudential Life Insurance policy via PolicyX.com, you can dial 1800 4200 269 for any queries in regards to the payment of premium or simply write to us at helpdesk[at]policyx[dot]com and we shall address your
concerns at the earliest.