IndiaInsurance
27th March 2012, 01:18 AM
It is designed to assist in making periodic payments of any kind, ranging from insurance premiums to utility bills. When the ECS facility is activated for insurance premium payment, the premium is deducted by the policyholder's bank at a pre-decided date and remitted directly to the insurer.
More... (http://economictimes.indiatimes.com/personal-finance/insurance/analysis/opt-for-electronic-clearing-service-facility-for-automatic-premium-payment/articleshow/12420419.cms)
More... (http://economictimes.indiatimes.com/personal-finance/insurance/analysis/opt-for-electronic-clearing-service-facility-for-automatic-premium-payment/articleshow/12420419.cms)