Registration of New Business with NACH will start from 08/09/2016*
*Two month premium to be collected for proposal registration*
*Mobile No. & email id compulsory*
*A cancelled cheque and Separate Mandate Form required for each Policy (In case of multiple policies)*
*Bank verification is not required*
*NACH Form should not be folded, rolled up, stapled or torn*
*Policy holder will be informed by sms of acceptance or rejection of NACH*
*In case of rejection agent will be informed by sms*
*Rejection letter will be emailed to policy holder stating reason of rejection*
*Fresh NACH Mandate Form will be required in case of rejection*
*7th, 15th, 22nd, 28th will be debit date*
*Transfer from ordinary mode (Yly, Hly, Qly) to NACH has to be executed minimum 30 days in advance. Hence submit request letter and documents atleast 40 days in advance*
*Any alteration for existing NACH policies under mly mode can not be registered within 15 days of next due, hence submit well in advance*
*All current policies under ECS will not require any change, it will continue as it is*
vinay mohanty
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