Need A Financial Product › Forums › Insurance › Who can register with the authorized service providers for Insurance Transactions? › Who-can-register-with-the-authorized-service-providers-for-Insurance-Transactions_REPLY
The policyholder having a bank account in any bank in the select cities where the above-mentioned service providers have their operations is accepted to register with the authorized service providers. On being approached, the service provider obtains a written mandate from the policy holder authorizing him to realize the billed amount directly from the policy holder`s bank account. The policy holder may have to give the bank account details and other requisite details as required by the service provider.