Kotak Mahindra Old Mutual Life Insurance Ltd. (KLI)
Cities Serviced: All India
Details Required: Please complete all details as requested for on the screen carefully and as per the latest premium information received from KLI. A sample bill is shown on the screen for reference.
Billing Frequency: KLI currently sends premium payment information about 30 days prior to premium payment due date.
Proof of Payment:
payment made using Kotak Direct Pay and Payment Gateway services, you will
get a confirmation screen showing details of the payments made. Additionally
in your Statement of Accounts, all online Insurance premium payments will reflect. For
example a payment of Rs 1254.36 towards a Kotak Life Insurance Policy No.
000001234567 to Kotak Life Insurance on 15th of December 2004, will appear as - <<15/12/2004
DP KotakLife 000001234567 xxxxxxxxxx Rs 1254.36>>
where xxxxxxxxxx is the unique Bank reference no. that will display on your payment
Processing Time: We are responsible for
ensuring that the payment as made by you using Kotak Direct Pay is sent to
KLI by the next working day for all payments received before 5 pm on
working days. However the time taken for your payment to reflect with KLI is dependant on time taken by Kotak
Mahindra Old Mutual Life Insurance Ltd. to process the payment. You should ensure
that you pay only your latest premium notice using Kotak Direct Pay and at
least 2 working days before the due date as mentioned in your notice.