Can I pay my insurance policy premium through Paytm? You might have used Paytm for many daily uses but do you know that now can pay your insurance policy premium through Paytm wallet money also? Not only that there are various paytm insurance payment cashback offers with which you can get discount on your insurance premium amount.

We all know the importance of insurance in our life. So I am sure that everyone is having more than one insurance like life insurance, car insurance, health insurance, home insurance etc to do the perfect personal finance planning.

In this article I will be sharing simple step by step guide tutorial about how to pay your insurance policy premium online through Paytm wallet money.

Can I Pay Lic Policy Premium Online Through Paytm?

Before proceeding further, just let me tell you that this facility is not for people who bought lic of India policy. Right now there are few of the insurance provider who are tied up with Paytm for this premium payment through Paytm wallet money.

Here are list of insurance companies below.

  • Birla Sun Life Insurance
  • ICICI Prudential Life Insurance
  • IndiaFirst Life Insurance
  • Reliance General Insurance
  • Reliance Nippon Life Insurance
  • Religare Health Insurance
  • SBI General Insurance Limited
  • TATA AIA Life Insurance
  • TATA AIG General Insurance

Steps To Pay Insurance Premium Online Through Paytm

First of all you have to visit website and then look for the option “Financial Services”. Click on the same.


Now here the process is very simple to follow. You  have to choose the insurance provider. I have already shared above the eligible insurance providers name and you can pay for their policies only. E.g. I opted for SBI General Insurance Limited.

The next option it will open is the option for the type of insurance policy. This option is not for everyone, but for SBILife you can choose form the below list.

  • Critical illness
  • Hospital Daily Cash
  • Individual Personal Accident
  • Motor 2 Wheeler
  • Motor 4 Wheeler
  • Retail Health

Next, you have to provide the policy number. In case you want to renew your 2 wheeler or 4 wheeler insurance policy then you have to provide the number of your bike or car also.

Next provide the date of birth. And then you will find it will provide you the amount of premium you have to pay. If you find the premium amount is not displayed then you h ave to enter the premium amount manually as per the due premium amount.

Finally click on the “Proceed” button. On the next screen you can provide any Paytm coupon code to get some cashback if available. This is the best thing about this process, as you can earn free cashback and then use the same while shopping online or paying your mobile phone or DTH connection bill.

So, have you ever tried paying your life insurance or health insurance policy premium online using paytm website or Paytm mobile app? If so, then how was the experience and how much money you get as cashback in your Paytm wallet. You can write a small comment below and share your feedback here so that our readers can be benefited from your experience. Thanks for reading & sharing this article.