Our Role
BankPay Insurance acts solely as a payment facilitator. We provide the technology layer that allows customers to:
✓Pay insurance premiums online
✓Renew existing insurance policies
✓Receive instant payment acknowledgements
✓Access transaction records for completed premium payments
🚫 What We Do Not Do
✓We are not an insurance company
✓We are not an insurance broker or corporate agent
✓We do not provide insurance advice or recommendations
✓We do not influence policy pricing, coverage, or claims
🏦 Payment Infrastructure
✓BBPS (Bharat Bill Payment System) — an RBI-mandated bill payment ecosystem
✓RBI-authorized payment gateway partners
✓Secure banking and payment channels
🔐 Security & Data Protection
✓Secure SSL encryption
✓No storage of card, UPI, or bank credentials
✓Limited access to sensitive customer information
✓Compliance with applicable data protection regulations
BBPS
RBI-mandated payment network
IRDAI
Insurer-compliant payments
