The payment of life and non-life insurance premium can be done easily from your own account held at any of the member bank/financial institution through connectIPS. Such payment can be done on real time basis through connectIPS (web and mobile app) or from the websites of the respective insurance companies (using connectIPS gateway).

How to pay insurance premium using connectIPS?

1. From www.connectips.com

• Log into www.connectips.com using your Username and Password
• From the Dashboard click on Financial Institutions, click on Insurance then click on Life Insurance or Non-Life Insurance and then click on your insurance company
• Select your Account for making payment and fill the required details for insurance premium payment
• Recheck the details and use your Transaction Password and/or OTP received in registered mobile number and e-mail
• Click on Submit to complete the transaction

(Click here to view the tutorial video of how to make the insurance premium payment)

 

2. From connectIPS Mobile App

• Log into connectIPS mobile App using your Username and Password
• On the Homepage click on Creditors, click on Financial Institutions, click on Insurance, client on Life Insurance or Non-Life Insurance Payment, and then click on your insurance company
• Select your Account for making payment and fill the required details for insurance premium payment
• Recheck the details and use your Transaction Password and/or OTP received in registered mobile number and e-mail
• Click on Submit to complete the transaction

 

3. From connectIPS payment processor (gateway) integrated in insurance company’s website

• Log in to your insurance company’s online portal.
• Select on the renewal payment option available in the portal.
• Fill in the required details and select connectIPS as the payment option
• Enter valid Username and Password and login to connectIPS
• Select your bank account and enter your Transaction Password and OTP received in registered mobile number and e-mail
• Click on Submit to complete the transaction

 

Which insurance companies are available for online payment?

Life insurance companies
American Life Insurance Company-Nepal (Metlife)	Prabhu Life Insurance Ltd.
Asian  Life Insurance Co. Ltd.	Prime Life Insurance Co. Ltd.
Citizens Life insurance Co. Ltd.	Reliable Nepal Life Insurance Ltd.
IME Life Insurance Co. Ltd.	Reliance Life Insurance Ltd.
Jyoti Life Insurance Co. Ltd.	Sanima Life Insurance Ltd.
Life Insurance Corporation (Nepal) Ltd	Surya Life Insurance Co. Ltd.
Mahalaxmi Life Insurance Ltd	Union Life Insurance Co. Ltd.
National Life Insurance Co. Ltd.	Rastriya Beema Sansthan
Nepal Life Insurance Co. Ltd.	Sun Nepal Life Insurance Co. Ltd.*
Non-life insurance companies
Ajod Insurance Co. Ltd.	Nepal Insurance Co. Ltd.
Everest Insurance Co. Ltd.	NLG Insurance Co. Ltd.
General Insurance Co. Nepal Ltd.	Premier Insurance Co. (Nepal) Ltd.
Himalayan General Insurance Co. Ltd.	Prudential Insurance Co. Ltd.
IME General Insurance Ltd.	Sagarmatha Insurance Co. Ltd.
Lumbini General Insurance Co Ltd.	Shikhar Insurance Co. Ltd.
Neco Insurance Ltd.	United Insurance Co. (Nepal)  Ltd.

*Soon to be live

What is the transaction limit in connectIPS? 

	Web Channel	Mobile Channel
Maximum amount per transaction (per user per bank)	NRs. 20,00,000	NRs. 2,00,000
Transaction Per Day Count	100	100
Maximum transaction amount per day	NRs. 20,00,000	NRs. 2,00,000

*Limit is per user per bank
*Respective banks and financial institutions may have different limits as per their internal policy
*Limit may change with /without notice as per Nepal Rastra Bank directive