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Acceptance of Premium

Modes of Premium Payment Direct Remittance Modes:

Policyholders can avail of any of the direct premium payment modes like Yearly, Half-yearly, Quarterly, and Monthly. Premiums can be remitted as follows:

1. Direct remittance of cheques or cash at our office cash counters .
2. Remittance through a cheque/banker’s draft or cheque or money order to the office servicing your policy.
Grace Period for Premium Payment: A grace period of one month but not less than 30 days (from the due date of the first unpaid premium) is available for payment of instalment premiums for all modes of premium payment.

Accounting records are maintained for individual policies and are made available upon request.

Certificates of Premium Payment for Income Tax purposes are provided upon request.

 


 
 
 
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