Writing Important Business letters including correspondence with Bank and Insurance companies

Bank Letter

All businesses are doing financial transactions with banks. Business without Bank is a myth heareafter. So, having business correspondence with banks is inevitable hereafter. We have to learn the business nuances of drafting letters to banks. Here are many such letters which bring into affect all the typical circumstances in which we have to do letter-correspondence with banks. From the first point of opening a business to the level of expanding the business to the international level, we have to seek the help of the bank. Banks do not only the role of financing our business operations but also the role of transforming our money to our customers and our workers. With the help of online transaction, we have to run our business.

EXAMPLE

May 5, 2009

To :

The Manager,

Bank of Murthal,

326 / H – Raman Nair Street,

Mumbai- ######.

Dear Sirs,

Reference your letter dated January 3, 2009 regarding over draft.

We would request you to furnish us with a Statement of Accounts to enable us to check up the accounts.

Yours Truly,

For ABC LIMITED

(V. RAJAN SINGH)

Managing Director

Insurance Letter

There are many reasons for taking insurance and writing insurance letters. Few insurances are compelled by law. Few others are taken voluntarily. Motor insurance is legally compulsory. Insurances like theft-insurance, life-insurance, medical-insurance, fire-insurance and accident-insurance are taken by the insurer voluntarily. On many occasions in the insurance, many preset forms are used. However, often letters are necessary to get things done in the world of insurance.

Example

6 March – 19XX

To:

The Manager,

GIE Insurance Sdn Bhd,

834 Jalan,

31000 Ipoh,

Matunga.

Dear Sir/Madam,

I am interested in taking up a Life Insurance Policy with your company. Could you send a representative over to see me? Please have him/her call me over the telephone before coming.

My Mobile number is: 0@#@#@#@#@#

Thank you,

Yours faithfully

Tan Boon Seng

General Manager