Reliance Nippon Life Insurance Electronic Clearance System (ECS)/National Automated Clearing House (NACH)
NACH/ECS is a facility by which your Renewal Premium will be automatically debited from your specified bank account on the Premium due date. To avail of this facility, you need to fill and submit an Existing ECS/NACH form along with a cancelled cheque (which is required to record the MICR Code of your bank)
- You can submit this at any of our Branch Offices or handover to your Advisor
- Note that we will require 30 days to process from the day we receive your NACH/ECS form at our branch. In case your next Renewal Premium payment falls due within the next 30 days, you need to pay that particular premium by normal mode (cash, cheques, online)
- Your policy should be active (in force) at the time this facility is activated
- In case the Premium due date falls on a holiday; the premium would be deducted on the next working day
- Note that to process the transaction we will require 10 days from the day we receive your documents at our branch. In case your next Renewal Premium payment falls due within next 10 days, you need to pay that premium by normal mode (cash, cheques, online)
- Your policy should be active (in force) at the time this facility is activated
- In case the Premium due date falls on a holiday; the premium would be deducted on the next working day
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