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Service TAT - Health | ||
Policyholder servicing turnaround times are as follows: | ||
Service parameters | Maximum turnaround time (calendar days) | Turnaround time to be calculated from |
Proposals related written communication with customers w.r.t underwriting decisions/ additional requirements. | 21 days | The Date of receipt of the complete proposal or the receipt date of the additional requirement called for, whichever's later. |
Customer to be provided with copy of accepted proposal form/ policy docket | 7 days | Acceptance Date of the Proposal |
Refund processing post cancellation of proposal | 14 days | Decision Date of the case /date of receipt of last required document or set of additional documents/ Receipt date of cancellation request, whichever is later |
Refund processing for free look cancellations, surrender, withdrawal of proposal, refund of excess deposits w.r.t excess premium payment. | 14 days | Receipt Date of request/ Date on which the last requied document has been received, whichever is later |
Written acknowledgment of grievance | 7 days | Receipt Date of Grievance |
Grievance Resolution | 14 days | Receipt Date of Grievance |
KYC and AML compliance | N.A | PAN Card is required for premium payments above INR 50,000 |
Service TAT - Life | ||
Policyholder servicing turnaround times are as follows: | ||
Service parameters | Maximum turnaround time (calendar days) | Turnaround time to be calculated from |
Proposals related written communication with customers w.r.t underwriting decisions/ additional requirements. | 21 days | The Date of receipt of the complete proposal or the receipt date of the additional requirement called for, whichever's later. |
Customer to be provided with copy of accepted proposal form/ policy docket | 7 days | Acceptance Date of the Proposal |
Refund processing post cancellation of proposal | 14 days | Decision Date of the case /date of receipt of last required document or set of additional documents/ Receipt date of cancellation request, whichever is later |
Refund processing for free look cancellations, surrender, withdrawal of proposal, refund of excess deposits w.r.t excess premium payment. | 14 days | Receipt Date of request/ Date on which the last requied document has been received, whichever is later |
Written acknowledgment of grievance | 7 days | Receipt Date of Grievance |
Grievance Resolution | 14 days | Receipt Date of Grievance |
KYC and AML compliance | 45 days | Website's Transaction Date |