All ULIP’s provide an option to the policyholder to raise a request for premium redirection on his policies during the policy term.

Premium redirection is done when a premium payment is required to be moved or allocated to the correct policy based on customer request or internal verification.

Request Source

For old world policies: customer can place this request at the CAMS office, by approaching HO or by writing to customer care.

Details Required If request received by email

Before processing the request, the following details should be checked:

• Request from registered email ID

• Policy number
• Customer name
• Premium amount
• Fund details where the premium needs to be redirected

Details Required If request received at HO / CAMS

Duly signed request letter or endorsement form with fund name and allocation % to be submitted by the customer if request placed at the CAMS service center or if documents couriered to HO.

For ALI policies: Customer can visit iAssist portal to proceed with the request.

Steps for Premium Redirection are as follows:

• Click on the “Fund Overview” tab located in the main menu.
• Within the “Fund Overview” section, click on the “Operations” tab.
• Select “Premium Redirection.”
• Enter the percentage allocation against the respective fund(s) as per your preference (Total allocation should be 100%).
• Review the allocation details carefully.
• Click on the “Submit” button.
• A confirmation pop-up titled “Premium Redirection” will appear with the message:
  “Are you sure you want to redirect your premium?”
• Click on “Yes” to confirm and complete your request.

Important pointers

• Requests received up to 3:00 p.m. on a market day will be considered for the same day NAV otherwise next available NAV day, while requests received after 3:00 p.m. will be processed at the next market day’s NAV.

• If Premium redirection and Fund switch are received on same day then fund switch should be executed first.