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How to Set Up UPI Autopay for Health Insurance Premiums

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Paying your health insurance premium on time is essential to ensure continuous coverage and avoid policy lapse. With digital payments evolving rapidly in India, UPI Autopay has emerged as a seamless method to automate your insurance premium payments. It not only eliminates the hassle of remembering due dates but also ensures peace of mind.

What is UPI Autopay?

UPI Autopay is a feature introduced by the National Payments Corporation of India (NPCI) that allows you to automate recurring payments using your UPI ID. This includes subscriptions, utility bills, EMIs (installments) and insurance premiums. You can set up, manage and revoke payment mandates using any UPI-enabled app.

Key Features of UPI Autopay:

• Available through all major UPI apps

• Easy to set up recurring mandates

• Safe and RBI-regulated

• Immediate debit without manual intervention

Benefits of Using UPI Autopay for Health Insurance

Automating your health insurance premiums with UPI Autopay has multiple advantages:

• No missed payments: Avoid lapses due to forgotten due dates

• Zero late fees: Payments are debited automatically on the due date

• Flexible control: You can pause, revoke, or modify mandates anytime

• Real-time confirmation: You get instant payment alerts

• Secure transactions: Verified through UPI PIN and managed under NPCI guidelines

Step-by-Step Process to Set Up UPI Autopay for Health Insurance Premiums

Setting up UPI Autopay is quite straightforward. Follow these steps:

Step 1: Log in to Your Health Insurance Provider’s Website or App

Visit the insurer’s official portal or mobile app and go to the section for premium payments or renewals.

Step 2: Choose UPI Autopay as Your Payment Method

While paying the premium, select ‘UPI Autopay’ from the list of available payment methods.

Step 3: Enter Your UPI ID

Provide the UPI ID linked to your preferred UPI app.

Step 4: Approve the Mandate

You will receive a request on your UPI app to approve the recurring mandate. It will show:

• Amount to be debited

• Frequency (monthly, quarterly, yearly)

• Start date and end date (optional)

Step 5: Confirm with UPI PIN

Enter your UPI PIN to authorise the mandate.

Step 6: Receive Confirmation

You will receive a notification from your UPI app as well as the insurer confirming the setup.

Important Things to Keep in Mind

• Keep a sufficient balance in your account on the due date.

• Mandate validity: Check the duration and renewal cycle of the mandate.

• Limit check: Most UPI apps allow up to ₹15,000 per transaction for autopay. Check if your premium amount is within this limit.

• Pause or cancel: You can stop the mandate anytime via your UPI app.

• Record: Always keep a soft copy or screenshot of your mandate confirmation.

How UPI Autopay Can Help Avoid Policy Lapses

Policy lapses often happen when payments are delayed. UPI Autopay takes this risk away by ensuring:

• Timely deductions

• Seamless renewals with uninterrupted health coverage

• Better financial planning with predictable payment schedules

Maintaining active coverage is critical, especially in a medical emergency. The automation ensures you are always prepared for health-related eventualities.

Why It is Better Than Manual Payments

Manual payments require logging in, remembering dates and dealing with delays. With UPI Autopay:

• There’s no need to log in every time

• Payments are automated with consent

• You are in control with options to revoke or modify mandates

Who Should Use UPI Autopay for Health Insurance?

UPI Autopay is ideal for:

• Busy professionals

• Senior citizens who prefer ease

• People managing multiple policies

• Families with long-term medical coverage plans

Even if you are not tech-savvy, UPI Autopay is designed to be simple and secure.

Conclusion

Switching to UPI Autopay for your health insurance premium payments is a wise choice in this digital age. It is convenient, secure and ensures you never miss a payment. Whether you are renewing your existing policy or buying a new one, setting up UPI Autopay adds an extra layer of assurance that your policy will stay active.

You must also understand what is mediclaim policy so that you can select the right plan before automating your premium payments.

Disclaimer: The above information is for illustrative purposes only. For more details, please refer to the policy wordings and prospectus before concluding the sales.

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