Enter the policy number and the due premium is fetched for confirmation.
Digital Setu. Digital India.
A lapsed policy costs a family far more than the premium itself. Your counter makes paying it a five minute job instead of a day trip.
Life insurance premiums fall due quarterly, half yearly or annually, and the reminder usually arrives as a letter. For customers far from a branch or an agent, paying on time means planning a trip — which is exactly why policies lapse.
With the premium collection service the customer gives a policy number, you confirm the amount shown, take the cash and hand over a receipt. The payment reaches the insurer the same day.
Enough to keep a family's cover alive without them travelling.
Enter the policy number and the due premium is fetched for confirmation.
Regular customers can be noted in your panel so you call them before the date passes.
With the reference number the insurer will recognise if a receipt is ever questioned.
Credited to your wallet with the transaction, like every other service.
Printed on the policy document and on every premium notice.
The due premium is displayed. The customer confirms before payment.
Pay from your wallet and take the cash from the customer.
Keep a note of the next due date so you can remind them.
Premiums repeat every quarter or year. That is a customer list which renews itself.
Keeping a policy alive is a real favour, and people remember who did it.
A customer paying a premium is the easiest person to talk to about health or vehicle cover.
LIC and other life insurers available on the bill payment network. The current list is shown in your panel.
A lapsed policy usually needs revival through the insurer, which cannot be done at the counter. Pay before the grace period ends to avoid it.
The receipt carries the transaction reference. The insurer's own receipt follows through their system, and both refer to the same payment.
Note the due dates in your own record and call them. A reminder call a week before the date is the single best thing you can do for retention.
Switch on premium collection from the panel and start with the customers you already know.