In case of Endowment type of Policies, amount is payable at the end of the policy period. The Branch Office which services the policy
sends out a letter informing the date on which the policy monies are payable to the policyholder at least two months before the due date
of payment. The policyholder is requested to return the Discharge Form duly completed along with the Policy Document. On receipt of these
two documents post dated cheque is sent by post so as to reach the policyholder before the due date.
Some Plans like Money Back Policies provide for periodical payments to the policyholders provided premium due under the policies are paid up to the anniversary due for Survival Benefit. In these cases where amount payable is less than up to Rs.60,000/-, cheques are released without calling for the Discharge Receipt or Policy Document. However, in case of higher amounts these two requirements are insisted upon.