You have the option to choose the scheme of paying your premiums. Depending on what’s convenient for you, you can opt to pay a single premium and purchase the cover, or you could choose to pay monthly, quarterly, semi-annual, or annual premiums. In addition to this, you also have the freedom to choose the mode of making these payments. If you prefer offline transactions, you can pay your premium using bank challans, demand drafts, or checks. Alternatively, you can also make the payments online using direct bank transfers or head to the insurer’s web portal to pay the premium.