Please choose Life Insurance Company to register mandate with
Bajaj Life Insurance Limited
Bharti AXA Life Insurance Company Limited
Generali Central Life Insurance Company Limited
HDFC Life Insurance Company Limited
ICICI Prudential Life Insurance Company Limited
Kotak Mahindra Life Insurance Company Ltd
Life Insurance Corporation
Mandate Registration
Mandate is a standing instruction to a bank to debit client’s account on a periodic basis for a periodic transactions just like Systematic Investment Plans (SIPs).
There are 2 different ways with which one can set up a mandate:
- Offline Mandate - In this case, a physical mandate request form needs to be submitted. This process usually takes around 21 days (including the transit time).
- E-mandate (Online Mandate) – In this case, the entire mandate registration process happens digitally with customer’s net-banking authentication and so it is completely paperless.
For convenient premium payments in future, set up Online Mandate on your policy.
