Bajaj Allianz Life Introduces Auto-Pay for NRI Policyholders

Business MInutes

Bajaj Allianz Life Insurance has introduced automatic premium payments using their international credit cards to non-residential Indian (NRI) policyholders for policy continuity.

Bajaj Allianz Life’s NRI customers have multiple premium payment options such as net banking, International debit and credit cards. Moreover, policyholders can also transfer funds from their foreign accounts via SWIFT to the insurer's account.

Further enhancing the convenience of payments for customers using International Credit Cards, the new autopay feature can now be used to register for subsequent renewal payments.

This initiative brings in convenience for NRIs by enabling automated payment transactions for their premiums through International Credit Cards, eliminating manual transactions and preventing unintentional lapses in renewal dues.

Rajesh Krishnan, Chief Operations and Customer Experience Officer, Bajaj Allianz Life Insurance said, "At Bajaj Allianz Life, we prioritise customer experience, recognising the unique challenges NRIs face in managing their life insurance premiums in India.

The introduction of our auto-pay offering through International Credit Card represents another stride towards ensuring a seamless experience for our valued NRI customer base.

By prioritising customer-centricity, we aim not only to meet but exceed the expectations of our policyholders, supporting them in achieving their life goals effortlessly.”

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