As per the direct debit option, the policy renewal premium due amount is directly auto-debited from the customer’s preferred bank account on the due date of the premium payment.
The direct debit service is available with a number of major banks across the country like ICICI Bank, United Bank of India, Axis Bank, Citi Bank, Union Bank of India, IDBI Bank, State Bank of India, Bank of India, Kotak Mahindra Bank, Karnataka Bank, Allahabad Bank, Federal Bank, and Bank of Baroda.
To get the benefit of this service, the customer must fill a Direct Debit/ECS form and submit it along with a cancelled cheque, at any of the Kotak Life Insurance Branches.
Alternatively, the form and the cancelled cheque can also be posted to the below address-
Kotak Mahindra Life Insurance Ltd.,
Kotak Infiniti, Building No. 21, Infinity Park,
5th Floor, Zone 2. Off Western Express Highway, General A K Vaidya Marg,
Malad (E), Mumbai - 400 097.
