Tuesday, December 3rd, 2019

 

Life Insurance Corporation waives off charges on credit card payments

Mumbai: To promote digital transactions, Life Insurance Corporation has waived off the convenience fee on all payments to the national insurer, effective December 1. The Corporation said any credit-card originated payments towards renewal premium, new premium, or repayment of loan and interest on loans against the policies will not attract any additional charges or convenience fee its parlance, from December 1. “This facility of free transactions using credit cards shall be applicable to and implemented across all collecting systems–card less payment and card dip/ swipe on point of sale machines,” LIC,Read More