How will the payment get accounted under the policy?
• All consolidated payments from the Banks/Service providers are received at LIC, Branch 883 (under Mumbai Divisional Office – I), Yogakshema (West Wing), Ground Floor, Nariman Point, Mumbai-400 021. • Through batch processing in Internet module, premium transactions & renewal premium receipts are generated for each policy number. • Renewal premium receipts for the same are printed and dispatched by ordinary post. • Premium transactions pertaining to branches other than Branch 883 are sent to the respective servicing branch through the present network programs. • All unadjusted premium collections are refunded to the Service provider/bank. Emails will be sent to the registered policyholders’ email-ids informing the status of the registrations/payments.
• All consolidated payments from the Banks/Service providers are received at LIC, Branch 883 (under Mumbai Divisional Office – I), Yogakshema (West Wing), Ground Floor, Nariman Point, Mumbai-400 021. • Through batch processing in Internet module, premium transactions & renewal premium receipts are generated for each policy number. • Renewal premium receipts for the same are printed and dispatched by ordinary post. • Premium transactions pertaining to branches other than Branch 883 are sent to the respective servicing branch through the present network programs. • All unadjusted premium collections are refunded to the Service provider/bank. Emails will be sent to the registered policyholders’ email-ids informing the status of the registrations/payments.
Related Questions
- When I make a payment on my State Farm Variable Universal Life policy or my State Farm Variable Deferred Annuity using EBPP, when will that payment be credited to my policy or annuity?
- I originally purchased a survivorship life policy with a 10-year payment schedule that now has been increased to 14 years with no end in sight! What can I do?
- How will the payment get accounted under the policy?
