LIC Payment By NEFT, LIC NEFT Form In PDF Format With NEFT Guide For Policy Payment, LIC NEFT Form And Information Guide For Policy Payment By NEFT. NEFT POLICY PAYMENT INFORMATION AND NEFT MANDATE FORM SUBMITTAL INSTRUCTIONS FOR POLICYHOLDERS.
The payment required by your insurance or policies will only be made electronically, directly to your bank account. We need your bank information in order to pay for the insurance using NEFT (National Electronic Fund Transfer). The information about NEFT is provided below.
To settle the amount under your insurance by NEFT, you are required to provide the NEFT mandate and any required enclosures. Please take note that we are unable to settle the insurance payment using any other method of payment, such as a check.
What exactly is a NEFT?
A fund may be transferred throughout the country using this approach from one bank branch account to another bank branch account. The Reserve Bank of India runs this system. The participating banks must have NEFT capabilities in order to transfer money. Currently, 74000 banks from all across India participate in the NEFT system. Please visit the RBI website at http://www.rbi.org.in/scripts/neft.aspx for further information.