limits on payment of lic premium through amazonpay

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Last Comment 2022-12-17

2022-12-17

Are there any limits of policy premium payment through amazon pay? I'm buying amazon gvs from sbi gyftr and wanted to know if there's any limits on how much pay balance i can use for payment of insurance premium. Any monthly or per transaction limits.

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https://www.desidime.com/discussions/limits-on-payment-of-lic-premium-through-amazonpay?page=1#post_8975091

jainashish85

2022-12-17

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Not sure about any limits. Following is my experience I have paid per txn upto 45k and monthly upto 98k.

https://www.desidime.com/discussions/limits-on-payment-of-lic-premium-through-amazonpay?page=1#post_8975118

Random123

2022-12-17

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I think 1L is the limit for insurance bill and 5 payments in a month using amazon pay balance

Pasting below the info from https://www.amazon.in/gp/help/customer/display....

What are the eligible payment methods to pay an insurance premium?

You can make an insurance premium payment through Amazon using your Amazon Pay balance, Net banking, credit/debit card and UPI.

However, from your 6th or higher Insurance premium payment in a calendar month, you can only use Amazon Pay UPI as the payment method.

Is there any upper limit for the value of insurance premium payment?

Yes, insurance premium payment up to the value of INR 1 lakh is only permitted on Amazon. It is hereby clarified that any insurance premium payment for an amount equivalent to INR 1 lakh or above will not be processed on Amazon.

Hope it helps