Pay AlertDownload for iPhone
Grace periods give you a little time. Check yours.
Life insurance policies usually allow a grace period after the premium due date. Under IRDAI rules it is generally 15 days for monthly premiums and 30 days for other payment modes. Health policies also allow a grace period for renewal, but a claim during that time may not be covered. Your policy document states the exact terms.
Motor insurance works differently
Motor policies generally have no grace period. Once the policy expires you are driving uninsured, and leaving it too long can cost you your no-claim bonus. Renew before the expiry date.
Plan ahead for yearly premiums
Yearly premiums are large and infrequent. Pay Alert reminds you up to 5 days before the due date. If you want time to compare renewal quotes or arrange the money, add a separate “Compare quotes” reminder a month earlier.
Yearly, half-yearly and monthly premiums in Pay Alert
For monthly premiums, turn on Recurring monthly. For yearly, half-yearly or quarterly premiums, leave repeat off and, once you have paid, add the next due date.
Set it up in Pay Alert
- Tap + and give the bill a short name, for example “Term plan”.
- Enter the premium and the due date.
- For monthly premiums, turn on Recurring monthly. For yearly or quarterly premiums, leave it off and add the next due date after paying.
- In Settings → Notifications, choose your Reminder time and the Scheduled alerts you want: 5, 3 or 1 day before, on the due date and every day once overdue.
- When you pay, tap Mark as Paid. It moves to your payment history, grouped by month.
Policies people track
- Term insurance
- Health insurance
- Car and bike insurance
- Endowment and ULIP premiums
- LIC
- HDFC Life
- SBI Life
- ICICI Prudential Life
- Tata AIA Life
- Star Health
- Niva Bupa
- HDFC ERGO
- ICICI Lombard
- New India Assurance
Pay Alert does not connect to these providers, read your SMS or make payments. You add the name, amount and due date yourself, and reminders are scheduled on your iPhone.
Questions
Can Pay Alert remind me of a yearly premium?
Yes. Add the premium with its due date and leave repeat off. After paying, add next year’s due date.
Do I need to enter my policy number?
No. A short name such as “Term plan” or “Car insurance” is enough. Avoid typing policy numbers or other sensitive details.
Will Pay Alert remind me if the premium is overdue?
Yes, if “Everyday after due” is on in Settings. Pay Alert then reminds you daily until you mark the premium as paid.