All payment methods supported. Credit/Debit card, Net Banking, UPI, Wallet, EMI, Post-paid, Bank Transfers
Business Insurance
Improve Premium Collection, Reduce Policy Lapses & Increase Sales
Solution to address all Insurance Collection needs - Online & Offline
Collect Insurance Premiums with ease with PaytmPayment Solutions
Enablement via Bharat Bill Payment System (BBPS) across multiple consumer apps
Easy recurring premium collection via SI on Credit Card, eNACH Mandate & UPI Autopay
Support for offline collection modes via EDC Machines, QR code.
Payment Links and Dynamic QR for easier renewal experience
Increase sales reach via The Paytm Mini App Store
Benefits That are Front & Center.
Insurance renewals on the go
With multiple online and offline pay modes that Paytm offers, the end consumers gets the flexibility to choose from different options for their insurance premium payment.
Avoid policy lapses or churns
Through Integration on Paytm App, Insurance companies can choose to send notifications to their policy holders on Paytm App which helps in easy and quick payment of renewal premium thereby reducing policy lapses.
Deliver A Great Customer Experience
Freedom of Choice
Customers can choose from a variety of options to pay their insurance premiums. Paytm provides the widest range of payment solutions from Credit Card, Debit Card, NetBanking, UPI, Wallet, EMI and Post-paid, eNach mandates, as well as UPI Autopay.
Premium Payments Anytime, Anywhere
Insurance company representatives can generate payment links or dynamic QR codes, anytime they speak to customers and share via email or SMS for customer's convenience to renew or purchase new plans.
Paytm & Other Wallets
Insurance companies can get onboarded as a BOU with BBPS via Paytm, which enhances their reach and gives their customers the option to pay using any wallet of their choice.
Great Partnership
Deliver A Great Customer Experience
Large Payment Collection
Increase ease of investment and reconciliation through quick fund realization via Bank Transfers.
Subscriptions
Automate collection through eNACH Mandate and UPI Autopay with the best success rates.
Payment Links
Easily generate and use Payment Links to send subscription links and automate collections.
Frequently Asked Questions
Yes. The Paytm Payments solution suite was designed after in-depth research into the customer mindset and expectations for insurance premium payments. The suite is thus a complete solution to what insurance customers need today.
Yes, along with a gamut of other features and benefits that help insurance providers differentiate their services from others, the suite includes the Paytm Payment Gateway.
No problem. Using the subscription services for recurring payment collection, insurance providers using the Paytm Payments solution suite can simply set up eNach mandate or UPI Autopay, giving the customer what they want, while also ensuring regular premium payment collection.
Paytm Payments is one of the few service providers with the capability to onboard an insurance provider to the Bharat Bill Payment System as a Business Operating Unit (BOU). Through this one integration, insurance providers become listed on all payment services present on BBPS along with those that have on-boarded the customer, when the customer chose to use their system or wallets. No separate agreements required.
Paytm Payments is much, much, more than that, thanks to the love and faith of our Indian consumers and clients. The Paytm Payments solution suite is a combination of multiple products, and the Paytm Wallet, as well as the Paytm Payment Gateway, are just a small part of the complete suite.
As part of the Paytm Payments solution suite, Insurance providers can give their customers the flexibility to make premium payments via cash at the various cash collection points set up by Paytm. Paytm Payments also provides EDC machines for customers who wish to swipe their credit or debit cards physically.
Collecting premium payments on-the-spot, during an in-person or virtual meeting with a customer, or during a telephone conversation becomes easier due to the same. The payment link or dynamic QR can be sent via SMS or email for premium payment collection through Net Banking, UPI (Unified Payment Interface), and more.
To keep customers engaged, Insurance providers can use the suite to send reminders and notifications to their customers. This helps improve timely premium payment collections and also improves business sales.