He can calculate the survival benefits and also the amount of premium that is payable. The statement contains information about all selected policies including premium mode, amount, received date, collecting and servicing branch. Company may from time to time make alterations, additions or deletions to these terms and conditions which shall be agreeable to the policyholder. If you are not registered yet, please follow. These are endowment plans, term insurance plans, monthly return plans, child plans etc.
A lapsed policy may be revived at our discretion, within the revival period prescribed in the policy contract provided the conditions prescribed therein are met. We can keep the receipts safely and take the printouts any time. He is not affiliated with any financial product, service provider, agent or broker. In case you are looking for a single consolidated statement, select all policies. If the policy pertains to a different person viz.
How Does The Premium Get Calculated? The premium and the maturity amount will differ from one policy to the other. However, there are some readers who still face some challenges while trying to make payments. To do this, click on 'Add new biller' in your billpay section. Payment of due premiums beyond the revival period shall not be accepted by Us and We shall not be liable to process the same. Operation Center: Max Life Insurance Co. So it is better to keep you policy details handy with you while filling in the details. Then a page appears with a Code as shown below.
You must be aware that it is mandatory to produce Premium Paid Certificate for insurance policies to avail Income tax exemption benefit under section 80 C. It is also dependent on the credentials of the applicant. Step 6 At this step, you have to choose the Financial Year and in case of Individual Policy Premium Paid Statement, select the policy number to download. Look for Pay Premium Online highlighted in image and click it. Once you have verified your information, click Checkout. You can download premium payment receipt at later stage too.
For more information, Please click on the policy number. Fill all the details and click on Make Payment button, your payment will be processed. You should also be able to see your transaction id on the confirmation screen. Make sure you are providing the valid data which should be same in your. These are popular calculators that are used by all to calculate their premium and maturity amount. But, it is good backup.
It is thus important that you take note and pay the premiums regularly. The good news is that you can use this same facility to pay your insurance premiums as well. After selecting the type of card, a list of banks will display on the screen. In that, search for available at the left side of the home page. As discussed before, you can choose from netbanking, credit or debit cards as well as some e-wallets.
Please check the policy details entered and try again. Go to Policy Premium Paid Statement Go to Policy Premium Paid Statement from left side navigation menu as shown in the image below. Online Term Plan Helpline: 1800 200 3383. This was a more convenient mode since the whole process was outsourced to the agents and you would get everything at your doorsteps without going through the whole trouble. Select the Bank and click Submit button. Please do not reply to this mail.
Moreover, I do not have the physical copy of the receipt since I ended up misplacing it somewhere. The policy is valid only till you make the premium payment. With time and innovation, these channels of making payment have become more and more sophisticated. The format looks like below. Now, you will redirect to a new page as shown below. Out of these first two options are time consuming and cumbersome. Be careful that you chose the correct policy name and enter the details correctly in the calculator.