About PayMan Insurance
Secure Insurance Premium Payment Facilitation Platform
Who We Are
Insurance by Payman, operated by Payman Fintech Solutions Private Limited, is a digital payment facilitation platform designed exclusively for insurance premium payments in India.
Our platform enables individuals and businesses to conveniently pay premiums for their existing insurance policies issued by IRDAI-registered insurance companies, using secure and RBI-mandated payment infrastructure.
Swacpay Solutions
Operated by Swacpay Solutions Private Limited, a registered legal entity dedicated to secure payment facilitation.
Our Role
Insurance by Payman acts solely as a payment facilitator. We provide the technology layer that allows customers to:
What We Do
- Pay insurance premiums online
- Renew existing insurance policies
- Receive payment acknowledgements
- Access transaction records for completed premium payments
What We Do NOT Do
To ensure complete transparency and regulatory compliance:
- We are not an insurance company
- We are not an insurance broker or corporate agent
- We are not a web aggregator
- We do not provide insurance advice or recommendations
- We do not influence policy pricing, coverage, or claims
Payment Infrastructure
Insurance premium payments on Payman are facilitated through secure and regulated channels:
BBPS System
Bharat Bill Payment System – an RBI-mandated bill payment ecosystem ensuring secure and standardized transactions.
Authorized Gateways
RBI-authorized payment gateway partners that comply with all regulatory guidelines for financial transactions.
Secure Banking Channels
Secure banking and payment channels with end-to-end encryption for all premium payment transactions.
Security & Data Protection
We prioritize data security and privacy. Payman follows industry-standard security practices including:
Secure SSL Encryption
All data transmitted through our platform is protected with secure SSL encryption.
No Credential Storage
We do not store card, UPI, or bank credentials on our servers.
Limited Access
Strict access controls ensure limited access to sensitive customer information.
RBI Compliance
Use of payment gateways that comply with RBI guidelines and regulations.
Policy Confirmation & Processing
While Payman provides instant payment acknowledgment, final policy renewal confirmation and premium credit updates are subject to processing by the respective insurance company.
Customers are advised to refer to insurer-issued communications or official insurer portals for final policy status.
Refunds & Cancellations
Insurance by Payman does not process premium refunds directly. Any refund, cancellation, or policy adjustment is governed by:
- The insurance company's policy terms
- BBPS and payment gateway rules
- Applicable regulatory guidelines
Company Information
Legal Entity
Swacpay Solutions Private Limited
Brand Name
Insurance by Payman
Nature of Business
Insurance Premium Payment Facilitation
Address
PAYMAN FINTECH SOLUTIONS PVT LTD,
10-100 HMT NAGAR STNUMBER 10,
NACHARAM, HYDERABAD, Telangana, 500076
Mandatory Disclosure
Payman is not an insurance company, broker, corporate agent, or web aggregator. Insurance policies are issued by IRDAI-registered insurance companies. Payman's role is limited to facilitating insurance premium payments only.