Tata AIG Life Insurance Company has entered into an agreement with the South Indian Bank (SIB) by which the bank will provide premium renewal collection services to the customers of Tata AIG Life.
The insurance premium renewal payment facility would be made available across 520 CBS (Core Banking Solutions) branches of the bank.
The customers can pay their renewal premiums by cheque or cash of upto Rs 49,999 at the nearest branch of South Indian Bank. This will especially be a convenience for the rural customers.