Sahara India Life is one of the up and coming life insurance companies in India. The company was established in the year 2004 and has become one of the major players in the industry. The diverse range of plans offered by the company allows customers to choose a plan according to their specific needs. The company offers various endowment plans, annuity plans, money back plans, ULIPs, and microinsurance plans for individuals. In addition to this, it also has group plans to cater to corporate customers.
There are various flexible payment options available for customers to pay their premium dues. Customers can opt for the yearly, half-yearly, quarterly, or monthly premium payment option based on their convenience. For the monthly premium payment option, only direct debit and group billing options are available. The premium payment options offered by Sahara India Life help customers renew their policies through simple steps.
You may use the Electronic Clearing Service (ECS) to set up the auto payment facility for your life insurance cover. If you are not in favour of visiting the branch office to pay the premium in cash, ECS is the best possible solution available for you. In this way, you don’t have to worry about remembering the deadline of premium payment when it is due. The autopayment facility will debit the premium amount from your bank account and keep the policy active. The procedure for setting up this facility is as follows:
Some of the key features of Sahara India Life’s ECS facility are listed as follows:
If you have not enrolled for the ECS facility, you must pay your premiums only by visiting the nearest branch office. When you visit the branch office, you may pay the premiums through cash or cheque. If you are using a cheque, make sure that you fill everything correctly before giving it to the company. In the case of cash payments, you can get a receipt for the payment amount immediately.
Considering the hassle of visiting the branch office, it is always better to sign up for the ECS facility if you are a policyholder of Sahara India Life. The list of branch offices can be taken from the company’s official website. If you have any doubts regarding premium payment, you may contact the company’s customer service department and get your doubts clarified.
The content on this website is meant only for general information purpose and does not and shall not be construed as any solicitation, procurement, display, aggregation, marketing or advertisement of insurance products. BankBazaarInsurance is not an insurance intermediary and hence does not endorse or solicit any such products. The information on this website is derived from publicly available sources and BankBazaarInsurance cannot verify or confirm the genuineness, truth, veracity or authenticity of this information.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.