INSURANCE PAYMENT

FAQs

• 1. What is an Insurance?

  An insurance policy/plan is a formal type of contact between an individual and an insurance company where an individual or entity receives financial protection or reimbursement against any form of losses (unforseen if any) from an insurance company. The insurer (i.e. the insurance company) pools for clients' risks to make payments more affordable for the insured.

• 2. Is there any eligibility criteria for a life insurance plan?

  Yes, each life insurance plan listed on Payrup has a specific eligibility criteria. You can have a look at it in the details of the plan.

• 3. What is the minimum eligible premium amount set?

  It depends on the factors like premium chosen, paying frequency, etc.

• 4. How to pay Insurance Online?

  Enjoy the ease of online payment for the insurance premium payments all thanks to technology, where you can sit at home and make your premium payments. Pay all your premiums online on Payrup with its secure payment platform and also avail discounts on transacting here. Sit anywhere and complete the payments at any time from the comfort of your home or office through Desktop, PC or even a smartphone. Visit https://payrup.com/insurance-premium-payment to make the payment.

• 5. What is Insurance coverage?

  All the risk coverage for an individual done with the help of an insurance covered by an insurer is what is commonly termed as insurance coverage. It basically helps an individual or an entity to protect themselves from unforeseen occurrences (if any). It is basically a plan protecting the policyholder and their family from unexpected situations for a fixed duration of time as per the policy time.

• 6. What is the minimum eligible premium amount to be paid for a life insurance policy?

  Depends completely on the premium paying frequency by the customer (or insurer).

• 7. Is there any death benefit covered under the policy?

  Yes. Death benefit is payable to the nominee of the insurance policy by the insurer. The nominee who is inserted in the policy, will be the person who shall be paid if the insurer policy payment has to be paid.

• 8. How does the user know that the policy payments are successfully done?

  On successfully completing the payments from the various payment options, you will receive a tracking in your account transactions. You would also have received a policy copy on your registered email address

• 9. Which credit cards can a user use to settle my premium payment?

  Payrup.com accepts all major credit cards.

• 10. I'm trying to pay my life insurance premium online but I'm getting an error?

  If you have entered the wrong details in the search fields such as policy number, D.O.B, co-issuers D.O.B instead of policy holder's DOB you won't be able to complete the payment. Please check and enter the details correctly.

• 11. How will a user know that Payrup has received the payment?

  Payrup sends you a receipt as soon as the premium has been successfully bought from your side. Any queries, please feel free to mail us at info@payrup.com to get them resolved.

• 12. Can the user receive a copy of the life insurance premium?

  The copy of the premium receipt is provided by the respective insurance policy providers. So you have to login to the respective insurance policy provider's website and get a copy of the same.

• 13. Do health insurance premiums increase every year?

  Health insurance premiums (i.e. the market listed insurance and its types) may or may not vary every year. It all depends on the various factors and prices in the market. Inflation can be a major factor over here that may cause products such as insurance to vary.

• 14. What is the difference between life insurance and general insurance?

  A life insurance covers the life of a person, whereas a general insurance provides cover to other aspects and assets in a person's life that are important to him/her respectively. Choosing either on Payrup helps you avail offers on insurance premium payment.