Now you can pay your insurance premium with a single phone call… no internet connection required! – NPCI | Now, investors can make premium payments through voice calls

by time news

If one wants to pay the premium, one has to call 080 4516 3571 from his UPI mobile number. Next, complete the UPI related procedures. After that, the insurance company itself will initiate the payment transaction. Note that it does not require internet access.

This UPI 123Pay service is developed by NPCI. With this, the Reserve Bank of India has introduced this service to increase digital technology in financial services.

NPCI CEO Nalin Bansal
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The service will reach out to smart phone and feature phone customers through voice payment through IVR number, proximity sound-based payments, mist call payment, scan and payment app.

Commenting on this, NPCI CEO Nalin Bansal said, “It gives us great pleasure to offer this service. Crores of HDFC Life customers are going to benefit from this service. This is a major project for growth.”

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