How to Update Your Bank Details for Insurance Payouts
Last updated February 18, 2025
Keeping your bank details updated ensures that you receive claim settlements, refunds, and maturity benefits without delays. Follow the simple steps below to update your bank account details securely.
How to Update Your Bank Details
🖥 1. Log in to Your Insurance Account
- Visit our website or open the mobile app.
- Go to “Profile” → “Bank Details”.
📄 2. Upload Necessary Documents
- A scanned copy of a cancelled cheque or bank statement.
- Identity proof (Aadhaar, PAN, or passport).
✍️ 3. Submit Request & Verification
- Click on "Update Bank Details" and submit your request.
- Our team will verify the details within 24-48 hours.
📩 4. Confirmation & Activation
- You’ll receive an SMS/email confirmation once the update is successful.
- Future claim settlements or refunds will be processed to the new bank account.
FAQs
- How long does it take to update my bank details?
- Usually 24-48 hours, depending on verification.
- Can I update my bank details offline?
- Yes, visit the nearest branch with a cancelled cheque and ID proof.
- What if I entered incorrect details?
- Your update request will be rejected. You can reapply with the correct details.
- Is there a fee for updating my bank account?
- No, updating bank details is completely free.
- Can I add multiple bank accounts?
- No, only one primary account can be linked for payouts.
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