Just to add - (As per licindia.com)
Which policies are eligible for payment of premiums through this facility?
- Policies which are being serviced in networked branches, or those policies which can be accessed through our MAN (Metro Area Network) or WAN (Wide Area Network).
- Policies which are of ordinary mode of payment ie. Yearly (Yly), Half-yearly (Yly) or Quarterly (Qly).
- Policies with mode of payments such as single premium, ordinary monthly (Mly) and Salary savings scheme (SSS) are not available for this facility.
- Policies should reflect in-force policy status. Lapsed policies or policies due for revival are not valid.