TRUSTED BY
PhonePe PG
For Insurance
Streamline payment processing for insurance companies with fresh policy acquisitions, grace period recoveries, and claim disbursements on scalable payment infrastructure.
Recurring E-Mandates
Automate monthly, quarterly, and annual policy renewals using UPI AutoPay, and e-NACH.
One-time Mandate
Compliant with Bima-ASBA flow with UPI OTM securely blocking premium amounts in policyholders’ bank accounts.
Agent Collection Tools
Equip field agents to collect premium payments via instant payment links and dynamic QR codes.
Easy Recovery Triggers
Deploy automated payment links and reminders during policy grace periods to minimize lapse rates.
Scale Renewal Collections
With PhonePe PG
Drive policy persistence rates and ensure regulatory alignment with a payment stack tailored for InsurTechs and traditional insurers.
Real-time Policy Issuance
Trigger instant policy document generation upon successful payment notification via low-latency Webhooks.
IRDAI & RBI Regulatory Alignment
Fully compliant with RBI recurring e-mandates and IRDAI guidelines for insurance transactions.
Multi-Payment Channel Support
Allow policyholders to pay premiums through UPI, Credit/Debit Cards, Net Banking, and BBPS channels.
Smart Retry Scheduling
Automatically retry failed renewal debits aligned with paydays to collect premiums before policy lapse thresholds.
Trusted by
India's Largest Online Brands
Trusted by India's
Largest Online Brands
"In E-commerce, the right Payment Gateway partnership is crucial. PhonePe PG streamlined our Payments, & reduced cart abandonment. PhonePe PG exceeded our expectations with a top-notch product & impeccable support.”
Suman Patra
Co-founder
"redBus is committed to redefining travel through technology. Collaborating with PhonePe PG allows us to leverage their robust Payment infrastructure, ensuring reliability and innovation for millions of our customers.”
Rithish Saralaya
SVP Engineering
"Our partnership with PhonePe Payment Gateway has been seamless and highly efficient. Their robust tech, smooth integration, & reliable support played a key role in enhancing our customer experience. We truly value this collaboration.”
Vikash Goyal
CSO
"As GIVA expands, a trusted Payment partner at every touchpoint is vital. PhonePe PG offers us reliability across our national stores and on our app. Their support scales with our growth, and that consistency makes all the difference for us.”
Ishendra Agarwal
Founder
"Our partnership with PhonePe PG has been a pivotal factor in our success story. With PhonePe PG's user-friendly interface and seamless Payment processing, we can continue delivering exceptional service to our valued customers.”
Ritu Shah & Minita Parekh
Co-founders
"Partnering with PhonePe Payment Gateway enabled us to expand our D2C business and transform period care across India. Its seamless integration and dependable partner support means our online customers' experience lives up to our brand's Zero Irritation promise.”
Ravi Ramachandran
Co-Founder & CEO
Comprehensive Solutions
Comprehensive
Solutions
To keep your Business Ahead of the Rest
Automate flexible subscriptions for steady cash flow.
Faster, error-free checkouts using tokenized cards boost revenue.
Accept International Payments, simplify growth.
Send Payment links (WhatsApp/SMS/Email), get paid instantly
Dynamic QR codes enable UPI, reducing errors and boosting success.
Digital doorstep Payments replace COD, cutting cash handling costs.
Insurance Payment Gateway FAQs
What is an insurance payment gateway?
An insurance payment gateway is a payment system that enables insurance companies to collect premiums, process policy renewals, manage auto-debit mandates and disburse claim settlements digitally.
How does PhonePe PG help with automated insurance billing?
PhonePe PG enables automated insurance billing through UPI AutoPay, OTM and ECS-based recurring mandates. Once a mandate is set, premiums are auto-debited on the due date without any manual action.
Is auto-debit available for insurance renewals through PhonePe PG?
Yes. PhonePe PG supports UPI AutoPay mandates for insurance renewal payments. Customers register a one-time mandate and future renewals are processed automatically.
What payment modes are supported for insurance premium collection?
PhoenPe PG supports UPI, NEFT/RTGS, credit/debit cards, net banking, One time mandate and UPI AutoPay for recurring premiums covering all major payment modes for insurance collections.
What is an insurance payment gateway?
An insurance payment gateway is a payment system that enables insurance companies to collect premiums, process policy renewals, manage auto-debit mandates and disburse claim settlements digitally.
