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LIC Convinience

Premium Payments


 

Premium Payment At LIC Cash Counters

Premium Payment Through E.C.S.

Premium Payment via E.B.P.P.

Premium Payment via A.T.M.

Premium Payment via LIC Portal

Premium Payment via Bank

Premium Payment via AP Online

Premium Payment via MP Online

Premium Payment via C.L.I.A. Portal

Premium Payment via S.B.A. Desk

Premium Payment via S.M.S.

Premium Payment via S.I.P.L.

Premium Payment via COMAT

Premium Payment via SREI SAHAJ

 

 AT CASH COUNTER

  • Premium can be paid at the cash counter of any LIC Branch Office.
  • Premium can be paid by CASH/CHEQUE/DD.
  • Premium for ULIP policies can now be paid at any LIC Branch cash counter across the country.

ECS PAYMENT

facility for payment of premium has been started in L.I.C. since March 2004. This is a facility  by which premium is deducted by bank at pre-decided date and remitted to LIC. To avail of ECS facility, policy holder submits mandate form to LIC and also authorizes bank to deduct premium. Bank deducts premium on the basis of invoice received from LIC.    Electronic Clearance Service of Reserve Bank of India is a well established, quick, reliable and economic processing for periodic bill payments.LIC is happy to offer this facility to its valued customer totally FREE for payment of premiums.The policyholders having accounts in the banks in the cites , which are members of clearing house can avail of this facility for all policies irrespective of the LIC branch to which these policies are attached for servicing. Relevant Conditions to avail this facility:

  1. ECS facility can be availed at the time of inception of the policy or later after completion of policy.
  2. At the time of inception of the policy, only ECS(MLY) mode can be opted. In ECS(MLY) mode, 5% extra premium charged under normal Monthly mode is waived.
  3. No receipts will be printed and dispatched for ECS(MLY) mode policies. An yearly premium paid certificate will be sent by the servicing branch.
  4. ECS mode of payment can be opted for ULIP policies including Health Insurance policies also. But for these policies ECS should be opted at Proposal stage (inception of policy) and under ECS(MLY) mode only.
  5. ECS mode can be opted for all non-ulip, in-force policies anytime after completion of policy. At this stage any mode (Yly, Hly, Qly) also can be opted. ECS(MLY) will be allowed only for the policies where Mly mode is allowed.
  6. To opt for ECS facility premium must be paid up-tp-date and the next premium must be due at least after 1 month from the date of option of ECS facility.
  7. Debit dates allowed are only 7th, 15th and 28th of the month. (Both at NB & PS Stage) and presently there is no option for debit date and complete grace period too is not available.
  1. Debit dates are calculated automatically on the basis of Date of commencement as follows :

               Date of commencement 1st  to 7th – 7th of the same month

                                                    8th to 15th – 15th of the same month

                                                   16th to 31st -  28th of the same month.

       9.    Arrears of premiums cannot be collected through ECS.       

How to avail this facility :

  1. A Mandate form is to be submitted to any of the LIC Branch, which should be
  •  Duly signed by the policy holder.
  •  Signed by the account holder/s also.
  •  Must be attested by the customer’s bank.
  •  A cancelled cheque/photocopy of cheque should be attached.
  •  Copy of the form MUST BEsubmitted to the bank. 
  1. MICR code & Bank details must be clearly and correctly mentioned in the mandate form. MICR code is 9 digit code given at the bottom of the cheque where cheque number is mentioned. For “All India Clearing” cheques, MICR code is given on the first page of the Cheque book. MICR code should not begin or end with “000”.

Account number must be only of 15 characters. If the same exceed 15 digits as in case of PNB bank accounts, bank should be enquired regarding the correct account number of the digit which should be dropped. 

  1. 3 copies of mandate forms should be filled. One is to be submitted to the bank, one to LIC and third copy can be retained by the policy holder after getting acknowledgement by the LIC branch.

 If ECS is opted at NB stage, where policy number and exact premium amount is not available at the time of attestation of the mandate form by the bank, copy of the mandate form should be submitted after completion of the policy and filling the details (Policy number & Premium).

  1. Policy holder should have a bank account in any of the cities mentioned at the “Present ECS Centers at LIC” list and same Account should be mentioned on the mandate form
  2. Single mandate form can be given for number of policies at PS stage. Five policies can be added in a single form, if more, a separate signed list should be attached.
  3. Mandate form can be given in any LIC Branch across the country but at least one policy should be serviced in that branch.
  4. After registration of the ECS, acknowledgement letter should be obtained from the branch and correctness of the data entered specially the bank details must be checked. For change in Bank details, fresh mandate form(fulfilling the conditions in point 1) should be submitted to the servicing branch or the branch where the policy was registered under ECS earlier. At the top of the form “CHANGE IN BANK DETAILS” should be prominently written. Policy holder should ensure that sufficient funds are available in the bank account at the time of debit date and mandate is not dishonoured. LIC will not be responsible for any dishonour raised by the Bank and any dispute regarding same should be taken up with the bank only.

LIC's Utility or User Code for premium collection through ECS is 4009056. Many LIC ECS centers are registered with different user code, policy holder should obtain the correct User code from his LIC branch office. ECS Mandate Dishonour:

Dishonour of ECS mandates may happen due to following reasons: 

  1. A/c closed / Transfered
  2. No such Account
  3. A/c description does not tally
  4. Insufficient Balance
  5. Not arranged for
  6. Payment stopped by drawer
  7. Payment stopped by court order
  8. Mandate not received by bank
  9. Miscellaneous

For the mandate dishonours, LIC sends a letter to the policy holder intimating the dishonour with reason. Premium for these policies is to be paid at the branch cash counter. If the reason is “insufficient funds”, dishonour charges Rs. 125/- will be payable in addition to the due premiums and the late fee ( if applicable).

If the reason of dishonour is “mandate form not received”, it may be due to non-submission of the mandate form to bank, copy of the mandate form should be submitted to the bank.

For reason 1 , either alternate bank details should be given or payment mode should be changed from ECS to Normal.

For reason 2 & 3, bank details must be checked for the correctness and in case of any error should be got rectified by the Servicing LIC Branch Office.

ANY ISSUE REGARDING DISHONOUR IS TO BE TAKEN UP WITH THE BANK ONLY. 

I) Benefits to the policyholders:

This is a free service to our policyholders.

  • This will save their time in visiting LIC Office to pay the premiums.
  • This will save their cost and effort in sending across the premium payments to LIC through postal/courier service/ through their representatives.
  • This easy and automatic method of premium payment will keep the insurance protection intact and the chances of lapse of the policy will be eliminated.
  • The one time standing instructions in the form of a Mandate is sufficient to pay the future premiums as and when they fall due.
  • This facility of easy premium payment can be availed of not only in respect of the policies of self but also on the policies effected on the lives of the close relatives like spouse and dependent children (i.e.) the relatives on whom policies the policyholder can claim I.T. relief for the payment of premiums.

Policyholders desirous of availing of this service may download the ECS Mandate Form given below.
Click here to download ECS Mandate Forms (PDF format)  
Mandate form is in PDF format.


EBPP PAYMENT

HDFC Bank

ICICI Bank

Axis Bank

Federal Bank

Corporation Bank

Citibank

Authorised Service Providers (available only in select cities) :-

Tech Process ( Bill Junction)

Bill Desk

Services of Tech Process are available in following cities 

    Mumbai, Pune, Delhi, Kolkata, Ahmedabad, Chennai, Bangalore, Hyderabad & Chandigarh

The TECH PROCESS collects premiums through banks

Services of Bill Desk are available in following cities

Ahmedabad, Ajmer, Bangalore, Bhopal, Chandigarh, Chennai, Coimbatore, Delhi, Goa, Hyderabad,Indore, Jaipur, Jabalpur,Kanpur, Kochi, Kolhapur, Kolkata, Lucknow, Ludhiana, Mangalore, Mumbai, Nasik, Nagpur, PUne, Rajkot,Surat,Trivandrum & Vadodara.

The BILL DESK collects premiums through banks

This facility is absolutely free for all customers. No charges are to be paid to LIC / Bank/Service Provider for this facility. LIC pays service charges to the Bank/Service provider as per pre-decided rates. Policies with Ordinary Mode of payment i.e. Yearly, Half-Yearly and Quarterly Mode of payment are allowed under this scheme.

This facility can be availed only for INFORCE, NON-ULIP, NON-SSS POLICIES under YLY, HLY orQLY Mode. MLY mode policies cannot be registered under EBPP. Premium for ULIP & Health Insurance policies cannot be paid through this mode.

Through this payment option premium can be paid through CREDIT CARDS also.

Policy holder has to register his/her policy in the Banker's site who will send the policies for Verification to LIC. After verifying the policies Banker. For any reason (lapse policy, premium mis-match, particulars wrongly entered) if LIC rejects the registration, the information regarding same will be sent by the banker/service provider. In such case the policy is to be  registered again on banker's site.  Old registration is treated as cancelled.

Invoice from LIC will be generated before one month of its due date and send to the Banker for uploading on their site.  Premium can be paid either by giving standing instructions to the bank to debit the bank account/credit card account on a particular date or manually accepting the bill which can be paid by login to the banker's site and making the payment online. Receipt will be posted to the address mentioned in the policy records after two or three days of payment by LIC.  For this mode of payment e-receipt is not generated.

If premium is already paid through any other mode before receipt of the payment through EBPP or the premium amount does not match with premium required, the payment received through EBPP goes to refunds and the amount is refunded by direct credit to the bank/credit card account. It may take approx. 15 days.


ATM PAYMENT 

ATM facility for payment of premium has been introduced in December,2003 with as Service provider. This is a facility was extended with UTI BANK(now AXIS BANK) from February 2004.
This facility is absolutely free for all customers. No any charges are to be paid to LIC / Bank for this facility.

Customer has to register his policies through the bank website.  Registration data as per the required format/mandate from the bank is to be submitted to the bank.

Bank sends the registration data for all the policies newly  registered on next working day to PCMC in required format.

Policies with Ordinary Mode of payment i.e. Yearly, Half-Yearly and Quarterly Mode of payment are allowed under this scheme.

Policies with Mly Ordinary and SSS Mode are not allowed under this scheme.  Policy should be in-force at the time of registration. ULIP  policies and Health plans are not allowed under this scheme.

If premium is already paid through any other mode before receipt of the payment through ATM or the premium amount does not match with premium required, the payment received through ATM goes to refunds and the amount is refunded by direct credit to the bank account. It may take approx. 15 days.

All processing for this scheme will be done by PCMC, Mumbai.


PORTAL PAYMENT

Online Payment Gateway is LIC’s initiative to provide on demand premium collection service within a few clicks! The payment gateway (PG) initiative is an important component of the offer. It provides for real-time payment of renewal premium-dues through the portal. This functionality is available only to registered customers who have enrolled their policies on LIC’s website - www.licindia.in.

LOGIN
PASSWORD
     

You can pay LIC premiums using Net Banking accounts with any of the banks:

For Authorized Banks Click Here

Relevant Condition

  1. Premium can be Collected only for Inforce, Ordinary policies under all modes (YLY,HLY, QLY & MLY) . Premium for policies under Salary Savings Scheme(SSS) cannot be paid online.
  2. From April,2009 Premium can be collected for ULIP Policies also, however, presently premium for Health Insurance policies is not allowed.
  3. Premium can be collected from  6 months before from the Due Date and till the policy is in force, except for some term insurance policies.  For some Term Insurance policies Within 15days only - plans 153- Anmol Jeevan,164-Anmol Jeevan-1,  177- Amulya Jeevan, 190 Amulya Jeevan.
  4. Late fee is computed @8%. Minimum late fee is Rs 5/-.
  5. Premium cannot be collected for Next Financial Year. Ex During March 2009 premium  cannot be collected for April 2009.

Here's a simple step-by-step guide regarding premium payment using this facility:

  • Policies are to be enrolled on LIC website after obtaining user-id. Enrollment must be with correct premium amount. Policies on the life of self only can be enrolled as date of birth mentioned in the policy is matched with the same in profile. If Dt of Birth does not match, the policies cannot be enrolled. For other family member’s policies, separate user-id should be obtained with their details mentioned in the profile.

  • the policies are enrolled, list of policies where premium is due can be viewed by clicking on the link ‘Pay Premium Online’.

  • Policies for which premium is desired to be paid are selected by clicking in the selection box.
  • After confirming the total payment, Dialog box appears with message cautioning the policy holder not to make the payment again if already tried to pay earlier without checking the bank account. Next screen will appear after clicking at “ok”.
  • Bank is to be selected from the drop-down list.
  • Browser takes to the Bank site, from where the policy holder can make the payment using his bank user-id and password.    
  • The premium receipt for the payment through Portal/Payment Gateway can be printed online and will also be e-mailed to the Policy Holder  at the same time. Simultaneously successful/unsuccessful transaction message will be flashed.

  • Bank balance must be verified after the transaction is complete.

  • If the premium amount is debited from the PH’s Bank Account but error page displayed it may be due to session timed out or network error. In such case a digitally signed receipt will be sent to his profile email id in three working days after receiving the confirmation from his Bank. The premium receipt will also be available under his user-id at Customer Services :View Pay Premium Online - Receipts .

  • The digital receipt received for online payment is to be validated, till then “invalid signature” message will appear on the reciept.The certificate is to be added to trust settings as trusted root, after which the signature will appear as ‘valid signature’. This is a one time process. Receipt is valid without signature validation also

  • Policy holder must check the bank account before trying for the second payment for the same due. If bank account is debited they are requested not to attempt for second payment.

  • If the amount is excess due to double payment, same is refunded to the service provider Bill Desk, who in turn refund the same to the respective bank to credit the customers account directly.

  • The updation of premium  in real time.

Benefits

  • This is a simple process with one time enrollment of the policies.

  • Premium can be paid anytime and anywhere. Most convenient method of payment if the policy holder is out of country.

  • Valid premium receipt is received instantly.

  • It is also a secure arrangement, as the policy data is not shared between LIC and Banks over net as only the amount to be paid is encrypted and transported. The login id at both the sites (LIC and Bank) is known only to the policy holder..

  • And above all there is no charge for the policy holder to avail this service.


COLLECTING BANK PAYMENT

Policy holder can pay the premium in CASH or Cheque Drawn on AXIS Bank at any of the AXIS Branch or extn counter. Signed valid receipt will be issued by the bank on behalf of LICI. Single receipt will be issued for more than one policy on same life, if paid at a time. The updation of premium is in real time.

Relevant Condition

  1. Premium can be Collected only for Inforce, Ordinary policies under all modes (YLY,HLY, QLY & MLY) . Premium for policies under Salary Savings(SSS) cannot be collected by Axis bank.

  2. Premium can be collected from  6 months before from the Due Date and till the policy is in force, except for some term insurance policies.  For some Term Insurance policies Within 15days only - plans 153- Anmol Jeevan,164-Anmol Jeevan-1,   177- Amulya Jeevan, 190 Amulya Jeevan.

  3. Premium cannot be collected for ULIP and Health Policies . 140- Bima Plus,172-Future Plus,173-Jeevan Plus,180-Money Plus,181-Market Plus,187-Fortune Plus,  188-Profit Plus ,901-Health Plus,191-Market Plus,193-Money Plus.

  4. Late fee is computed @8%. Minimum late fee is Rs 5/-.

  5. Premium cannot be collected for Next Financial Year. Ex During March 2009 premium  cannot be collected for April 2009.

  6. No service charges are required to be paid by the policy holders to avail this facility.


APONLINE  PAYMENT

  • This mode of payment is started from>.
  • APOnline is a joint venture between the Andhra Pradesh State Government and Tata Consultancy Services.
  • It has 250 franchises in the twin cities and supports more than 1,000 franchises across the state with a presence in almost every mandal.
  • The updation of premium in real time.

The easy pay centers i.e. the franchises collect the premium in cash and issue a valid sign e-receipt on behalf of LICI.

Relevant Condition

  1. Premium can be Collected only for Inforce, Ordinary policies under all modes (YLY,HLY, QLY & MLY) . Premium for policies under Salary Savings(SSS) cannot be collected through this channel.

  2. Premium can be paid ONLY IN CASH.

  3. Premium can be collected within 6 months from the Due Date except for some term insurance policies.  For some Term Insurance policies Within 15days only - plans 153- Anmol Jeevan,164-Anmol Jeevan-1,   177- Amulya Jeevan, 190 Amulya Jeevan.

  4. Premium cannot be collected for ULIP and Health Policies . 140- Bima Plus,172-Future Plus,173-Jeevan Plus,180-Money Plus,181-Market Plus,187-Fortune Plus,  188-Profit Plus ,901-Health Plus,191-Market Plus,193-Money Plus.

  5. Late fee is computed @8%. Minimum late fee is Rs 5/-.

  6. Premium cannot be collected for Next Financial Year. Ex During March 2009 premium  cannot be collected for April09.

No service charges are required to be paid by the policy holders to avail this facility


MPONLINE  PAYMENT 

  • This mode of payment is started from 01/07/2008
  • MPOnline is a joint venture between the Madhya Pradesh State Govenment and Tata Consultancy Services.
  • The easy pay centers i.e. the franchises collect the premium in cash and issue a valid signed receipt on behalf of LICI
  • The updation of premium in real time.

Relevant Conditions.

  1. Premium can be Collected only for Inforce, Ordinary policies under all modes (YLY,HLY, QLY & MLY) . Premium for policies under Salary Savings (SSS) cannot be collected through this channel.
  2. Premium can be paid ONLY IN CASH.
  3. Premium can be collected from  6 months before from the Due Date and till the policy is in force,  except for some term insurance policies.  For some Term Insurance policies Within 15days only - plans 153- Anmol Jeevan,164-Anmol Jeevan-1,   177- Amulya Jeevan, 190 Amulya Jeevan.
  4. Premium cannot be collected for ULIP and Health Policies . 140- Bima Plus,172-Future Plus,173-Jeevan Plus,180-Money Plus,181-Market Plus,187-Fortune Plus,  188-Profit Plus ,901-Health Plus,191-Market Plus,193-Money Plus.
  5. Late fee is computed @8%. Minimum late fee is Rs 5/-.
  6. Premium cannot be collected for Next Financial Year. Ex During March 2009 premium  cannot be collected for April 2009.
  7. No service charges are required to be paid by the policy holders to avail this facility

AGENT'S COLLECTION  PAYMENT

  • This mode was started on 18/09/2007 and restructured from 01/09/2008.
  • Agents authorized to collect the premium can collect the premium in CASH  or CHEQUE and issue a valid receipt with their signature.
  • Premium for ULIP policies also can be collected by the agents, however this facility is not yet available for Health Insurance policies..
  • The Updation of premium in real time.

Relevant Conditions

  1. Premium can be Collected only for Inforce, Ordinary policies under all modes (YLY,HLY, QLY & MLY) . Premium for policies under Salary Savings Scheme(SSS) cannot be collected through this channel.
  2. Premium can be paid IN CASH AS WELL AS THROUGH CHEQUE. Outstation cheques are not acceptable.
  3. Premium can be collected from  6 months before from the Due Date and till the policy is in force,  except for some term insurance policies.  For some Term Insurance policies Within 15days only - plans 153- Anmol Jeevan,164-Anmol Jeevan-1,   177- Amulya Jeevan, 190 Amulya Jeevan.
  4. Premium can be collected for ULIP Policies; however, premium for Health Insurance policies cannot be collected at present.
  5. Late fee is computed @8%. Minimum late fee is Rs 5/-.
  6. Premium cannot be collected for Next Financial Year. Ex During March 2009 premium cannot be collected for April 2009.

No service charges are required to be paid by the policy holders to avail this facility.

 


SENIOR BUSINESS ASSOCIATE    

 

INTRODUCTION:

Senior Business Associate Premium Collection was started from 01/06/2009. Senior Business Associate(SBA) are the Development Officers selected on the basis of certain conditions.

The Eligibility criteria for this scheme is decided by Central Office, Marketing Department.

Procedure is same as for agent’s collection. Payment is online using LIC portal. Updation is real time. Receipt are issued and signed by the SBA and no other receipt is issued by LIC.

In addition to premium collection, SBA are authorized for following jobs also:

1. Issue of Policy Status Reports.

2. Issue of Revival/Loan/Surrender value quotations.

3. Issue of forms.

4. Issue of Certificates to the policyholders for income tax purpose.

5. ULIP Statements.

 Relevant Conditions

  1. Premium can be Collected only for Inforce, Ordinary policies under all modes (YLY,HLY, QLY & MLY) . Premium for policies under Salary Savings(SSS) cannot be collected through this channel.
  2. Premium can be paid IN CASH AS WELL AS THROUGH CHEQUE. Outstation cheques are not acceptable.
  3. Premium can be collected from  6 months before from the Due Date and till the policy is in force,  except for some term insurance policies.  For some Term Insurance policies Within 15days only - plans 153- Anmol Jeevan,164-Anmol Jeevan-1,   177- Amulya Jeevan, 190 Amulya Jeevan.
  4. Premium can be collected for ULIP Policies; however, premium for Health Insurance policies cannot be collected at present.
  5. Late fee is computed @8%. Minimum late fee is Rs 5/-.
  6. Premium cannot be collected for Next Financial Year. Ex During March 2009 premium cannot be collected for April 2009.
  7. No service charges are required to be paid by the policy holders to avail this facility.

S.M.S.  PAYMENT

  • This facility of Premium Payment started from 18/02/2008
  • Common customers of LICI and Corporation Bank having debit card facility can opt for this mode of payment.
  • Customer should pre-register through Corporation Bank’s ATM to receive a dynamic unique PIN.
  •  Customer sends simple SMS which contains the policy number to the mobile interface.
  • The mobile interface connects to LIC Central Server, which send the details and customer confirms the payment using the dynamic PIN in case he wants to make the payment.
  • The mobile interface connects to the bank interface and debits the customer’s account and bank interface transfers the credit to LIC’s account.
  •  Customer gets confirmation through SMS.
  • The updation of premium in real time.
  • Customer can obtain IT certificate from the servicing branch or logon to www.licindia.com and generate a digital receipt through option " Print Corpbank(sms) receipt".

      Relevant Condition

  1. Premium can be Collected only for Inforce, Ordinary policies under all modes (YLY,HLY, QLY & MLY) . Premium for policies under Salary Savings Scheme SSS) cannot be collected through this channel.
  2. Premium can be collected from  6 months before from the Due Date and till the policy is in force,  except for some term insurance policies.  For some Term Insurance policies Within 15days only - plans 153- Anmol Jeevan,164-Anmol Jeevan-1,   177- Amulya Jeevan, 190 Amulya Jeevan.
  3. Premium cannot be collected for ULIP and Health Policies . 140- Bima Plus,172-Future Plus,173-Jeevan Plus,180-Money Plus,181-Market Plus,187-Fortune Plus,  188-Profit Plus ,901-Health Plus,191-Market Plus,193-Money Plus.
  4. Late fee is computed @8%. Minimum late fee is Rs 5/-.
  5. Premium cannot be collected for Next Financial Year. Ex During March 2009 premium  cannot be collected for April 2009.

No service charges are required to be paid by the policy holders to avail this facility.


SIPL  PAYMENT

  • Suvidhaa Infoserve Pvt. Ltd (SIPL) is a company floated to aggregate, commoditise and distribute the services .
  • Customer needs to visit Suvidhaa Point which is a manned kiosk, a conventional convenience store in friendly neighborhood like Kirana Shop, Communication Centre, Travel Agent, Chemist or a cyber cafe.

Premium collection through SIPL  started from 24/07/2008.

It has more than 3000 collection center across the country and intend to increase the same to 1,00,000 within a year.

The easy pay centers i.e. the franchises collect the premium in cash and issue a valid receipt.

  • Suvidhaa Infoserve's Helpline toll free number is 180022 5225
  • The updation of premium in real time.

Relevant Conditions.

  1. Premium can be Collected only for Inforce, Ordinary policies under all modes (YLY,HLY, QLY & MLY) . Premium for policies under Salary Savings Scheme(SSS) cannot be collected through this channel.
  2. Premium can be paid ONLY IN CASH.
  3. Premium can be collected from  6 months before from the Due Date and till the policy is in force,  except for some term insurance policies.  For some Term Insurance policies Within 15days only - plans 153- Anmol Jeevan,164-Anmol Jeevan-1,   177- Amulya Jeevan, 190 Amulya Jeevan.
  4. Premium cannot be collected for ULIP and Health Policies . 140- Bima Plus,172-Future Plus,173-Jeevan Plus,180-Money Plus,181-Market Plus,187-Fortune Plus,  188-Profit Plus ,901-Health Plus,191-Market Plus,193-Money Plus.
  5. Late fee is computed @8%. Minimum late fee is Rs 5/-.
  6. Premium cannot be collected for Next Financial Year. Ex During March 2009 premium  cannot be collected for April 2009.

No service charges are required to be paid by the policy holders to avail this facility


COMAT PAYMENT

Comat is a company which enables access to information based services to citizens in rural India.

Comat is committed to empowering rural citizens by creating local economies and enabling access to information and services.

There are approx 775 centers called "Nemmadhi Kendra" in Karnataka and 1200 Rural Business Center in other states like Haryana, Sikkim.

Premium payment started from 28/04/2009.

Comat website - http://www.comat.com/

Enquiries can be sent to info@comat.com

The relevant conditions for premium payment and the procedure of payment is exactly similar to AP online, and same can be referred for details.

Relevant Conditions.

  1. Premium can be Collected only for Inforce, Ordinary policies under all modes (YLY,HLY, QLY & MLY) . Premium for policies under Salary Savings Scheme(SSS) cannot be collected through this channel.
  2. Premium can be paid ONLY IN CASH.
  3. Premium can be collected from  6 months before from the Due Date and till the policy is in force,  except for some term insurance policies.  For some Term Insurance policies Within 15days only - plans 153- Anmol Jeevan,164-Anmol Jeevan-1,   177- Amulya Jeevan, 190 Amulya Jeevan.
  4. Premium cannot be collected for ULIP and Health Policies . 140- Bima Plus,172-Future Plus,173-Jeevan Plus,180-Money Plus,181-Market Plus,187-Fortune Plus,  188-Profit Plus ,901-Health Plus,191-Market Plus,193-Money Plus.
  5. Late fee is computed @8%. Minimum late fee is Rs 5/-.
  6. Premium cannot be collected for Next Financial Year. Ex During March 2009 premium  cannot be collected for April 2009.
  7. No service charges are required to be paid by the policy holders to avail this facility

SREI SAHAJ PAYMENTS

PREMIUM COLLECTION THROUGH SREI SAHAJ E-VILLAGE LIMITED

Srei Sahaj E-Village Ltd is a subsidiary of Srei Infrastructure Finance Ltd.  Formed for the purpose of implementing e-Governance Project(s) under National E-Governance Plan(NeGP) throughout INDIA.

Total 24755 common service centers(CSCs) have been awarded to SSEVL, 12,500 are already functional in 6 states WB, TN, Orissa, Assam, Bihar, Western UP.

Premium payment facility through Srei Sahaj started on 01/05/2009.

SSEVL Call Center Number is - 1800 419 0250

The relevant conditions for premium payment and the procedure of payment is exactly similar to AP online, and same can be referred for details.

Relevant Conditions.

  1. Premium can be Collected only for Inforce, Ordinary policies under all modes (YLY,HLY, QLY & MLY) . Premium for policies under Salary Savings Scheme(SSS) cannot be collected through this channel.
  2. Premium can be paid ONLY IN CASH.
  3. Premium can be collected from  6 months before from the Due Date and till the policy is in force,  except for some term insurance policies.  For some Term Insurance policies Within 15days only - plans 153- Anmol Jeevan,164-Anmol Jeevan-1,   177- Amulya Jeevan, 190 Amulya Jeevan.
  4. Premium cannot be collected for ULIP and Health Policies . 140- Bima Plus,172-Future Plus,173-Jeevan Plus,180-Money Plus,181-Market Plus,187-Fortune Plus,  188-Profit Plus ,901-Health Plus,191-Market Plus,193-Money Plus.
  5. Late fee is computed @8%. Minimum late fee is Rs 5/-.
  6. Premium cannot be collected for Next Financial Year. Ex During March 2009 premium  cannot be collected for April 2009.
  7. No service charges are required to be paid by the policy holders to avail this facility