How can I pay the LIC policy premium after Bank ECS dishonoured?
LIC policy premium can be paid after ECS dishonouring also. Once the ECS gets dishonored, the policyholder comes to know immediately from his bank. The LIC system gets updated after a day or as soon as the bank sends a message.
For example, the date of LIC policy deduction is the 7th of every month; as soon as the payment is not deducted, the policyholder or account holder gets a message from the bank.
LIC Office Server may take 2 to three days to get updated. Once the LIC server is updated, then by cash only the dishonoured/bounced premium payment can be done.
Some LIC ECS services online:
For a new LIC Life insurance or health insurance policy,
any Mutual funds call: 9886568000