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Change in Payment Frequency

LIC of India      Change Insurer
        • 1 Visit the nearest Branch and kindly carry the following documents:
          • Request Letter/Policy Servicing Form (available at Branch)
          • Premium Cheque (if required)
          • ECS Mandate with Original Cancelled cheque (if new mode is monthly)
          • Standard ID proof of Proposer
        • 2 Once the changes are done, the Insurer will provide a confirmation for the same
          • 3 All documents should be self attested and submitted at
            Submit

            Important Things to Remember

            • Mode change can be done only on policy anniversary.
            • If transition is from Annual/Half-Yearly to Monthly or Quarterly, ECS/Direct Debit/Credit Card mode of payment is mandatory.
            • If transition is from a Lower mode to Higher then premiums for the required mode has to be paid in advance.
            • ECS registration takes about 30-60 days hence 2 months premium needs to be paid.

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