Payment Method - Auto Debit
What is the requirement for GIRO auto debit service?
The applicant must maintain a saving/current account with BSN.
What is the requirement for PBB/PBF autodebit service?
The applicant must maintain a saving/current account with PBB/PFB.
How do I apply?
You can obtain an application form from any of our branches nearest to you.
If my policy status is Non Forfeiture Loan (NFL), can repayment be made via auto debit service?
No. You have to fully repay the NFL before the auto debit service may resume.
Can policy loan be repaid through this service?
No. Auto debit facility is applicable for premium payment only
What will happen if my policy falls behind on premium payment due to unsuccessful auto debit transaction(s)?
The policy will either lapse or be kept in force by the Non-Forfeiture Loan provision (NFL) provided the policy has accumulated sufficient cash value. The auto debit service will be suspended with immediate effect.