Shriram Life Insurance : Pay Renewal Premium Through NEFT

Name of the Organization : Shriram Life Insurance Company Ltd (shriramlife.com)
Type of Facility : Pay Renewal Premium Through NEFT
Location : Hyderabad

Website : http://www.shriramlife.com/

Pay Renewal Premium Through NEFT :
Customers can now pay the renewal premium in the bank where they hold an account, in any branch all over India.

How Does The Process Work ?
The Customer :
a)Walks into the bank branch where he holds an account.
b)Asks for the NEFT Transaction Form.
c)Duly fills in the requisite details (explained ahead)
d)Receives back the bank acknowledgement counterfoil.
e)Receives a transaction sms, giving a Unique Transaction Reference (UTR) number, acknowledging the receipt of payment.
f)In case of successful transaction, receives an sms from ShriramLife, confirming the receipt and adjustment of due premium.
g)Receives the Premium Paid Receipt by post / courier from the respective DO.

Steps :
** Customer walks into his/her own bank branch having NEFT / RTGS facility
** Verify the premium amount details to be paid
** Take a NEFT form from the bank and duly fill in the necessary details
** Ensure the correctness of the filled NEFT form and pay the premium
** Accept / demand transaction counterfoil from the bank
** Bank will initiate the NEFT transaction to Citibank
** UTR number is generated by RBI during the NEFT initiation.
** Successful transaction amounts will be credited to SLIC’s Citibank account
** Consolidated excel file will be sent to SLIC for all successful transactions
** SLIC will upload the excel file in Shrilife application & adjust the premium to the policy

Important Identifiers :
Beneficiary Name :
ShriramLife Insurance Co. Ltd.

Beneficiary Account Number :
1800LN100012345678M8008011002
1800 implies sort code of ShriramLife.
LN100012345678 implies policy num of customer.
M8008011002 implies mobile number of customer.

Beneficiary Bank Name And Branch :
CITIBANK, HYDERABAD

Beneficiary Bank IFSC Code :
CITI0000006

Amount (Premium To Be Paid) :
Exact Premium to be mentioned

Remitter Name And Phone Number :
Customer Name& Updated Phone Number

Important Notes :
a)NEFT charges shall be borne by the policyholder only, exclusive of the premium.
b)The remitter can be the policy holder or any representative.
c)The customer shall receive the UTR Number on the mobile no. given by the remitter, hence due care should taken to give the latest mobile number.
d)It is the responsibility of the remitter / policy holder to ensure correctness of the details mentioned

Checklist :
** The concerned bank branch offers NEFT facility
** The sort / short code has been mentioned as 1800
** The correct 14 digit policy number has been filled in the NEFT Form
** The latest 10 digit mobile number has been entered in the form , with ‘M’ as prefix
** Beneficiary details are correctly mentioned
** Remitter details are correctly mentioned
** Thec ounterfoil from the bank has been received
** The unique UTR number has been received through sms within 12 hrs of remittance
** SMS regarding acceptance of premium has been received from SLIC

Help at Hand :
Customer Care–180030006116
(Toll Free from any mobile or landline across India)
Mail us at customercare@shriramlife.in mentioning your policy no.

Head Office :
Mr.Chiranjeevi P. (chiranjeevi.p@shriramlife.in)
Mr.Manish Sahni (manish@shriramlife.in)

For More Details, Click Here