Changing to annual premium payment frequency is hassle-free, rewarding and the ideal way to pay your premiums!
You will experience a reduction in the policy premium (excluding unit-linked plans) on moving from monthly or quarterly number of payments to annual pay- ments in the year
Your premium payment frequency change will reflect from your next premium due date.For eg. Moving to yearly payment will reflect on yearly anniversary date
The premium payment frequency change can be done anytime in this year. you will be reminded of your new payment frequency, 20 days before new due date.