Privacy Policy

Insurance Premium Payments

This Privacy Policy explains how Insurance by BankPay, operated by Swacpay Solutions Private Limited, collects and uses personal information.

Last Updated: January 2025

1

Information Collected

We may collect:

  • Name
  • Mobile number
  • Email address
  • Policy number
  • Insurer name
  • Transaction details

We do not store:

  • Card details
  • UPI credentials
  • Bank account information
2

Purpose of Data Collection

Information is collected solely for:

  • Processing insurance premium payments
  • Transaction confirmation
  • Customer support
  • Regulatory and compliance requirements
3

Data Sharing

Information may be shared only with:

⚠️

We do not sell or rent customer data to third parties.

4

Data Security

We implement reasonable security measures including:

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SSL Encryption

All data transmitted is encrypted using industry-standard SSL protocols

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Restricted Access

Limited access to sensitive data with strict authorization controls

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Secure Payment Processing

Payments processed through RBI-authorized secure gateways

5

Data Retention

Data is retained only for:

  • Transaction processing
  • Legal and regulatory compliance

Data is deleted or anonymized when no longer required.

6

User Rights

Users may request correction or deletion of personal data by contacting:

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Email Support

support@bank-pay.in

7

Policy Updates

This Privacy Policy may be updated periodically. Continued use of the website constitutes acceptance of the revised policy.

We encourage you to review this page regularly to stay informed about how we protect your information.

8

Governing Law

This Privacy Policy is governed by the laws of India, with jurisdiction in Hyderabad, Telangana.

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Required Disclaimer

Disclaimer: BankPay is not an insurance company or broker. Insurance policies are issued by IRDAI-registered insurers. BankPay only facilitates insurance premium payments.