Ahmedabad-based MP Financial Services, a leading financial management company, initiated a mobile premium collection van that allows LIC policyholders to pay their premium with ease. The initiative has been helping the common citizens especially senior citizens to access the easy premium payment methods by avoiding huge queues and hassles of long travel. The first-generation entrepreneur believes in easing out the difficulties to avail the financial planning to common people, women and senior citizens. MP financial believes first in giving back to society and works for inclusive growth.
The LIC-authorized van is stationed in different areas of Ahmedabad at pre-decided times aligned with LIC branches and provides another option to policyholders to pay their premium without the need to visit a LIC branch. Moreover, policyholders can also avail of other services such as policy maturity, assistance in the LIC maturity process even without original policy, document submission, completion of the KYC process, and others, instantly.
“The initiative is to make it easier for policyholders to avail of a range of services from LIC. Any policyholder can avail of services at the mobile van. As a socially responsible financial consultancy firm, we believe easing out services availability, especially helpful for senior citizens and other policyholders who are not well versed with online premium payments, and those who want to avoid visiting crowded offices for insurance-related works,” said Mihir Parikh, Founder, and Chief Strategist, MP Financial Services.
Policyholders can also get assistance in reviving lapsed policies by paying the requisite premiums and getting quick and accurate support from MP Financial’s trained personnel on the spot. MP Financial Services has been associated with LIC since 2002.