If a person is a policy holder having the bank account in any bank from the array of (HDFC Bank, ICICI Bank, Bank of Punjab, UTI Bank, Federal Bank, Corporation Bank, and Citibank) in the selected cities where the service provider like BillJunction.com, Timesofmoney.com, and BillDesk.com provide their services. When policy holder applies for the service, the service providers ask for a written consult from the policy holder, authorising them to realise the billed amount of the premium directly from policy holder’s account. Policy holder has to provide the service provider with the vital information of policy number and other account details of his or her bank account which will be required by the service provider.
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Who all can receive the service of service providers and how?
