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Payment Options
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MetLife offers the following modes of premium payment:
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Net Banking |
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Online premium payment enables you to make renewal premium payments towards the policies through our website www.metlife.co.in
To avail this facility, you need to choose the ‘Pay your Premiums Online’ option. Payment options for renewal premium payment are:
Credit Card
Master Card
Visa Card
American Express Card
Payment Gateway – Banks where Net Banking facility can be used through our website to make the premium payments are:
ABN Amro Bank
Axis Bank
Bank of Baroda – Retail
Bank of Baroda – Corporate
Bank of India
Centurion Bank
Corporation Bank
City Union Bank
HDFC Bank
ICICI Bank
IDBI Bank
IndusInd Bank
Indian Overseas Bank
Karnataka Bank
Kotak Mahindra Bank
Oriental Bank of Commerce
Punjab National Bank – Retail
Punjab National Bank – Corporate
State Bank of India
South Indian Bank
Union Bank of India
Yes Bank
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Cheque/Demand Draft |
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If you opt to pay the premiums through cheque, the cheque needs to be drawn in favor of "MetLife India Insurance, Policy Number xxxxxxxx". Please mention your name, policy number and your contact number on the reverse side of the cheque.
In case you choose to make the premium payments through demand drafts issued within India by any Indian Bank, the demand draft needs to be drawn in favor of "MetLife India Insurance” payable at par or payable at all Metros. Please mention your name, policy number and your contact number on the reverse side of the demand draft.
Please note, only cheques and demand drafts in Indian rupee denomination will be accepted.
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Electronic Clearing System (ECS) |
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ECS is an automated facility which debits the premium from the customer bank account specified, on the premium due date. In case the premium due date falls on a holiday, the premium amount would be deducted on the next working day. Premium payment for ECS locations under the non-rolling settlement category may not be deducted on the premium due date. This is applicable for all active (in force) policies.
To avail this facility, you have to submit the ECS form along with a cancelled cheque (which helps us record the MICR code of the customer’s bank). Once the form is submitted and the details given on the form are verified by the payee bank, our remittance team will get the ECS facility for your policy number activated.
Please note that the ECS facility can be availed only through NRE/NRO accounts and premium will be debited in Indian currency only.
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Auto Debit through Axis Bank |
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You can make payments by directly remitting money from your Axis Bank NRE / NRO account. To avail this facility, you have to submit the Auto Debit Standing Instruction Form along with a cancelled cheque (which helps us record the MICR code of the bank). Once you submit the form and Axis Bank verifies the details given on the form, our remittance team will get the Auto Debit facility for your policy number activated.
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Payment through Credit Card |
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You can use the convenience of a Credit Card (Mastercard, Visa Card & American Express Card) to make the premium payments. Please submit the Credit Card Standing Instruction Form along with a clear photocopy of the front side of your Credit Card.
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