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Partner Support Insurers, Web Aggregators, Brokers & TPAs
The Complete Payments Toolkit for Insurance Payments in India
The fastest and easiest way - sell policies, collect premiums, verify policy holder’s account details , disburse claims, pay to agents and other intermediaries
Get in touch
Insurance Payments
Management Optimization
Cashfree helps you automate premium collection and do disbursals including claim reimbursement, payouts to agents and intermediaries. Our solutions fit perfectly in your insurance management system. Benefit from advanced APIs and a range of integrations and offer an excellent user experience.
User/Policy holder Onboarding
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Bank account Verification
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UPI ID verification
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Bulk verification via API
Premium Collection & Reconciliation
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Payment gateway for website and mobile Apps
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Link based payments
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QR code & ePOS agent based payments
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Auto-debit via E-mandate and Standing Instruction on cards
Claim disbursals, agent payouts, split payments & more
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Direct disbursals from insurer’s bank accounts
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Instant policy refunds
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Incentives or commission payouts to on-field agents
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Split payments with Marketplace Settlements
Verify Accounts Before Onboarding.
Verification
Verify bank accounts and/or UPI IDs while onboarding policy holders.
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Check beneficiary’s bank account number validity and name of the account holder
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Verify UPI VPA or ID
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Simple API integration: Verify bulk policy holders’ a/cs in a single API call
Collect premium directly or recollect from agents and other parties.
Recurring Payments
Collect recurring payments via debit cards and Net Banking using NACH E-mandate
3 Simple Steps - Authentication and future payments
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Create a policy plan
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Add user and share link via email/SMS/WhatsApp/in-app
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User clicks on link > selects E Mandate > enters netbanking details /card details & authorizes future payments with a one-time penny transaction.
E-Mandates via UPI
Collections & Reconciliation With Virtual Accounts
Accept direct payments via WhatsApp, Google Pay, Paytm using virtual accounts
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Use APIs to create virtual UPI IDs and bank accounts
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Instant reconciliation and same day settlement
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Full visibility of remitter details
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Support for custom branded UPI handles
In-app, Website or Other Active Payments
Let users login to your app or website and make payments. Integrate with Agent/ broker app to collect payments via agent device.
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Wide range of checkout integrations with APIs & SDKs
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Instant settlement cycle
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Higher success rate achieved with direct Integrations with MIGS, CyberSource, FSS and dynamic routing
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PCI L1 compliant card vault and higher conversion rate with saved card
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Instant refunds in case of policy cancellations
Next-generation payment gateway features.
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QR codes fastest web checkout
and offline collections -
Fastest in-app and
mobile checkout via UPI -
Collections via WhatsApp, Paytm,
Google Pay reconciled instantly -
Instant Settlements
Reminder Payments
Remind users about premium payments or renewals and collect payments faster.
Link based payment gateway
Embed payment links in reminder SMSes, mails, or WhatsApp messages and collect the payments in the same channel as reminders.
[Agent visits? Use our payment links to receive payments on the go]
Disbursal
Reimburse policy holders or disburse claim amounts to hospitals or other parties instantly. Automate payouts to agents.
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Instant: Add beneficiaries instantly and send money 24x7 to any bank account, UPI ID, Paytm wallet and Amazon Pay in real-time
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Easy to integrate: Simple integration with REST APIs (faster and more responsive than the bank’s SOAP APIs) or upload a simple file.
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Dashboard & Risk Management: Dashboard & Risk Management: Get real-time updates on payment status.
Advantages
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Higher uptime and
success rate -
Multi-level
reconciliation -
Comprehensive
transaction handling -
Handles all
bank relationships
Need to split payments?
Working with multiple insurers, brokers and agents? Use Cashfree Marketplace Settlement solution to split payments without managing a Nodal Account. Ideal for collection needs of brokers and aggregators.
Third Party Management Simplified
Split payments to insurers, TPAs and agents correctly on time and automatically
Offline & Online payments
In addition to online payments, add offline transactions and settle payments using APIs
Simpler business payments
Tax computations & IRDA reporting are faster and simpler by accessing marketplace earnings per transaction.
Disbursal Solutions that
Suit Your Payment Flow
Using a corporate bank account for disbursals?
Bank APIs are often written with SOAP protocol that is complex to integrate and offer lesser flexibility around sending data. Typically takes 6 months or more to get started.
Using an insurance management platform?
Integrate Payouts API with your platform.
Want to make payment but do not have account details?
Send money without collecting payment details using Cashgram. Generate links> send via Whatsapp/SMS/Email > user redeems payment
Talk to our payment experts to learn more about payment solutions for new age insurance platforms.
Better User Experience
With Cashfree
Your users value accessibility, reliability and simplicity. Change how you collect premium and disburse claims with Cashfree’s customer experience focused payment products.
Get in touchYour Payments Partner
100,000+
businesses and more than a million people transact on Cashfree every day
$9.5 Billion
transactions processed annually
1%
of unique Indian bank accounts received money via Cashfree
1st FinTech
platform in India to enable disbursal of loans & insurance claim settlements