Insurance

The insurance sector handles premium collections, claim disbursements, and agent commission payouts across life and non-life categories. With recurring payments, renewal cycles, and multi-party settlements, insurance workflows demand robust and secure payment infrastructure. Jio Payment Solutions enables seamless integration via APIs for collections (UPI, Cards, Net Banking, BBPS), smart payout links for claims, and TPV for customer verification—ensuring compliance, automation, and high success rates.

Product Suite and offering for the segment

Card, Net Banking, UPI, BBPS, Wallets
EMI + BNPL
Pay by Link for renewal
POS for offline offices
UPI mandate for recurring
TPV for customer validation

Value Add Services

Merchant dashboard.
Priority settlements.
Split settlement (insurer, reinsurer, agent).
Scheduled reports.
Gross settlement.
Checkout customization.