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LIFE INSURANCE CORPORATION OF INDIA POLICYHOLDERS MANDATE FORM FOR PAYING PREMIUM THROUGH ELECTRONIC CLEARANCE SERVICE (DEBIT CLEARING) ECS Page : 1 FORM A : ECS Mandate Form. (TO BE SUBMITTED TO

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How to fill out ecs-mandate-englishdoc - licindia

How to fill out ecs-mandate-englishdoc - licindia:

01

Start by downloading the ecs-mandate-englishdoc form from the licindia website.

1.1

Go to the licindia website and navigate to the forms section.

1.2

Look for the ecs-mandate-englishdoc form and click on the download link.

02

Open the downloaded file using a PDF reader or any compatible software.

2.1

Right-click on the downloaded file and choose the "Open With" option.

2.2

Select a PDF reader or software that can open PDF files.

03

Fill in your personal details in the required fields.

3.1

Enter your full name, address, contact number, and email address.

3.2

Make sure to provide accurate and updated information.

04

Enter your LIC policy details.

4.1

Provide your policy number, policyholder's name, and policy type.

4.2

If you have multiple policies, you may need to fill out additional sections or attach separate sheets if required.

05

Select your bank details and provide the necessary information.

5.1

Choose whether you have a savings account or a current account.

5.2

Enter your bank account number, account holder's name, and bank branch details.

06

Sign and date the form.

6.1

Read the declaration at the bottom of the form.

6.2

Put your signature and date in the designated fields.

Who needs ecs-mandate-englishdoc - licindia?

01

Individuals who have LIC policies and wish to authorize LIC India to automatically debit their bank account for premium payments.

1.1

ecs-mandate-englishdoc is a form specific to LIC policyholders who want to opt for Electronic Clearing Service (ECS).

1.2

ECS allows LIC to deduct premium amounts directly from the policyholder's bank account on the due date.

02

Policyholders who prefer a hassle-free and convenient premium payment method.

2.1

By filling out the ecs-mandate-englishdoc form, individuals can avoid the hassle of manual premium payments such as writing and submitting cheques or visiting LIC branches.

03

Those who want to ensure timely premium payments and avoid policy lapses.

3.1

Opting for ECS ensures that the premium amount is deducted from the bank account on the due date, reducing the risk of missing payments and policy lapses.

04

Individuals who want to enjoy the benefits of auto-debit and minimize paperwork.

4.1

By authorizing LIC India through the ecs-mandate-englishdoc form, policyholders can enjoy the convenience of automatic premium deductions without the need for frequent paperwork or reminders.

05

LIC policyholders who meet the eligibility criteria and have a valid bank account.

5.1

Before filling out the form, confirm that you meet the eligibility requirements and have an active bank account in your name to authorize the ECS payment.

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What is ecs-mandate-englishdoc - licindia?

The ecs-mandate-englishdoc - licindia is a document that authorizes LIC (Life Insurance Corporation of India) to collect premiums through the Electronic Clearing Service (ECS) mandate in English.

Who is required to file ecs-mandate-englishdoc - licindia?

Policyholders who wish to pay their LIC premiums through ECS mandate in English are required to fill out and file ecs-mandate-englishdoc - licindia.

How to fill out ecs-mandate-englishdoc - licindia?

To fill out ecs-mandate-englishdoc - licindia, policyholders must provide their bank account details, authorization for LIC to debit the premium amount, and sign the document.

What is the purpose of ecs-mandate-englishdoc - licindia?

The purpose of ecs-mandate-englishdoc - licindia is to streamline the premium payment process for LIC policyholders by allowing LIC to directly debit the premium amount from their bank account.

What information must be reported on ecs-mandate-englishdoc - licindia?

Information such as bank account details, authorization for LIC to debit the premium amount, policyholder's signature, and other relevant details must be reported on ecs-mandate-englishdoc - licindia.

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