NACH Service for PLI/RPLI in Post Office with Auto Debit facility

NACH facility aims ar providing ease to PLI/RPLI customers by auto-deduction of premium for their PLI/RPLI policies directly from the account standing at any bank available on NACH Platform

Benefits to Customers:

• No need to remember due date of payment 
• Reduces the risk of late or default fee 
• Provides hassle-free automated procedure 
• Removes need for repetitive manual payments 
• Avoids physical visits to Post Office after mandate acceptance
• Reduces cash handling and ensures a secure payment environment

Process:

• Visit nearest Post Office and submit NACH mandate form along with requisite supporting document like cancelled cheque or first page of bank passbook (mandate form can be downloaded from our website or obtained from the Post Office)
• Option to choose debit date i.e. date of deduction of premium (07th, 12th & 17th of the month)
• Post verification, NACH mandate is registered and premium gets deducted directly from bank account of the customer as per preferred debit date.
• Separate mandate form needs to be submitted for individual policy.
• Facility of SMS alerts.