Premium payment option

ONLINE POLICY RENEWAL :-

With InstaRenew, you can now renew your existing policies online using your credit
cards.

 3 Easy steps to renew your policy online

 Renew Right Away

Renew in two simple steps!

1.Confirm your policy details

2.Authorize payment

Login and Renew

Existing Online account holder

1.Login with your Online Username

2.Confirm your policy details
3.Authorize payment

Register and Renew

Create a Online Account

1.Sign up for a Online account
2.Confirm your policy details
3.Authorize payment

The following policies can be renewed online

-Health
-Hospital Cash
-Personal Accident
-Home Content
-Home Building
-Motor Private Car ;ETC
CREDIT CARD STANDING INSTRUCTIONS :-
STANDING INSTRUCTIONS FOR PAYMENT
THROUGH CREDIT CARD

Instruction for Payment of Initial Premium Renewal Premium Both

Declaration:
I, hereby agree to make payments of premiums to, and authorize (“the Company”) to debit the given
Credit
Card account with the amount of the premium towards initial/renewal or both and continue debiting in
case of renewal premium or both for the duration of the
insurance plan and policy, subject to the terms and conditions of the policy.
 I understand and agree that the risk under the insurance plan and policy will be assumed by the
Company only after my credit card account is debited with the
amount of the premium and not earlier. I understand and agree that non receipt in case of the first
premium payable under the policy shall result in the policy
becoming void, whereas in respect of subsequent premiums shall result in lapsation of the Policy, such
lapsation being governed by the terms and conditions of
the policy.
 I hereby agree and confirm that the credit card issuing bank is not acting as an agent of the company
or myself in accepting the debit to the credit card account
with the premium amounts, or otherwise dealing with the premium amount(s) payable under the policy, in
any manner.
 I understand and agree that in the event my credit card account expires, or is not renewed by me for
any reason, I shall comply with the Company’s direction in
ensuring that any premium amount payable by me is paid to Company through any of the modes of
payment prevailing and made available by the Company at
that point of time.
 I hereby agree and confirm that all the information mentioned below is true to the best of my
knowledge.
Name of the Proposer/Policy Holder:
Contact No:
Email id: ______________________________________________________
Please update my contact details provided above in your company records.
Policy No/Proposal No:
Card Issuing Bank:
Credit Card No:
Card Expiry Date:
(MMYY)
In the event of the above mentioned expiry date changing, a fresh form for authorization of payment
through Credit Card will have to be submitted at any of the Max New
York Life Insurance Company Limited offices.
Name of Credit Card Owner:
___________________________________________________________________________
Relationship of Credit Card Owner with Life Assured: Spouse Parent /Child Others
_______________
(Please Specify)
√ Signature of Credit Card holder: √ Signature of Policy Holder. Date: _____/______/________
Note: (1) Please enclose a self-attested photocopy of the front side of your credit card. The
same is required for auditing purpose only.
SKY PAK DROP BOX :-
Drop box facility available with Skypack

You can deposit your Renewal Premium cheques in the drop boxes of M/S Skypack installed in
selected cities across India. Locate the nearest drop box by filling in the following details.
Subject to terms and conditions

Select State

Select City

Select Area

ECS :-
It is a mode of electronic funds transfer from one bank account to another bank account using
the services of a Clearing House. This is normally for bulk transfers from one
account to many accounts or vice-versa. This can be used both for making
payments like distribution of dividend, interest, salary, pension, etc. by institutions
or for collection of amounts for purposes such as payments to utility companies
like telephone, electricity, or charges such as house tax, water tax, etc or for loan
installments of financial institutions/banks or regular investments of persons.

DROP CHEQUES AT ANY BRANCH OR

ATM :-
PAYMENT AT OUR BRANCH GENERAL
OFFICE:-
Companies have network of Branch Offices. we can find one situated near you by calling at
there toll fre number.
we could also pay your premiums using any of the following Premium Payment options at
branch offices: Cash,Cheque & Credit Card.

For all payments made at the branch office, you would receive an acknowledgement.
Bill desk :-
You can authorize your premium payments through Electronic Bill Payment with Bill
Desk.
Register yourself at Bill Desk and follow the Instructions on their web-site.

Tech process :-
You can authorize your premium payments through Electronic Bill Payment with Bill
Junction.
Register yourself at Bill Junction and follow the Instructions on their web-site.

i-pay electronic drop box :- -

Pay Electronic Drop Box is a compact self service premium option. The i-Pay
Electronic Drop Box with state of the art functionality provides Instant
Acknowledgement to customer.

Easy bill :-
Through, Easy bill mode of depositing Renewal Premium Payment our Policyholders
can deposit their Renewal Premium Payments through cheques at the various retail
outlets in their locality. Only local & current dated cheques would be accepted. No
post dated cheque and upcountry cheques will be accepted through Easy bill.

Ivr {interactive voice response} :-

You can now pay your premiums through our state-of-the art Interactive Voice
Response system available 24*7. This service also provides you round-the-clock
information on your due date, payment status, premium receipt, local office
addresses, NAV etc. we have activated our Customer Care to respond in a language
of your choice. Our customer care executives are trained in English, Hindi, Punjabi,
Marathi, Gujarati, Kannada, Tamil, Telugu, Bengali and Malayalam.