I am working in the merchant navy and have a couple of life covers. What is a hassle-free way to deposit premiums on time?
Priyanka Kumari Singh, Faridabad
The easiest way in which you can pay the premium is through online banking. You can operate your bank account from anywhere in the world. The other convenient way is to give standing instructions to your bank to remit the premium as and when due through an ECS transaction. Another thing you can probably do is to provide such document to your insurers so that they can collect the premium from your bank on due dates.
