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Auth Letter Format CD Opening

The document requests ICICI Lombard General Insurance Co. Ltd. to create a cash deposit account for insurance needs. It authorizes ICICI to use the deposited funds to pay premiums for policies proposed and related entities. It acknowledges that no interest will be earned on deposits, which must maintain adequate balances for renewals. A list of authorized related entities is enclosed for which the deposited funds can also be used.

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3K views1 page

Auth Letter Format CD Opening

The document requests ICICI Lombard General Insurance Co. Ltd. to create a cash deposit account for insurance needs. It authorizes ICICI to use the deposited funds to pay premiums for policies proposed and related entities. It acknowledges that no interest will be earned on deposits, which must maintain adequate balances for renewals. A list of authorized related entities is enclosed for which the deposited funds can also be used.

Uploaded by

abhi7991
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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To, Date: 21 JUNE 2019

ICICI Lombard General Insurance


Co. Ltd. Mumbai

Dear Sir/Madam,

Sub: Creation & Authorization for usage of


CD A/c

We request you to kindly create a Cash Depository account of Rs. /- in our name for all our insurance needs.

We hereby authorize ICICI Lombard General Insurance Co. ltd. to use the amount so deposited in the CD A/c
created in our name towards premium amount of insurance policies which would be proposed to be taken by us
in the due course of our relationship.

We understand that premium needs to be paid in advance before inception of any risk. We will take all possible
steps to maintain adequate balance in the CD A/c at all times keeping in view the forthcoming
renewals/endorsements. We understand and acknowledge that the amount so deposited in the CD A/c will be
used for our convenience and we will not be entitled for any interest over it.

We further authorize ICICI Lombard General Insurance Co. ltd. to use this CD A/c for debiting premium amount for
entities related to us to meet their insurance needs.
A List of our related entities for which the funds deposited in the CD A/c can be utilized is enclosed

herewith. Any additions/deletions in the related entities list will be communicated to you from time to

time.

Cheque No.:

Amount: Rs.

Cheque Date:

Thanking you

Yours

faithfully,

(Signature)
Authorized
Signatory

Company Contact person name:

Contact no:

Email ID (Official) :

Incl: List of authorized entities (signed and sealed)

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