15+ How To Surrender Lic Policy Online After Maturity

Following documents are required to Surrender LIC Policy. To surrender a LIC policy the policyholder must take the following steps The policyholder should visit the nearest branch of LIC and avail a surrender discharge voucher.

Surrender Form Download Surrender Policy Before Maturity Form 3510

In order to check the value online one can visit the official website of LIC and fill in the required details.

How to surrender lic policy online after maturity. With the steps mentioned above you can easily calculate the surrender value of your LIC policy. The original policy document with Deeds of assignments if any. A canceled cheque or photocopy of the bank passbook.

While making an LIC maturity claim it is necessary to take the following things in consideration. One can calculate the surrender value by using the formula mentioned below. Surrendering of the policy means you are no longer covered under the benefits that are given to the particular policy holders by the company.

No alternative branch can entertain the request. Please contact our servicing Branch for details. Certified extract from death register.

Keep a printout of this form along when you visit the branch. By ET CONTRIBUTORSAug 04 20203 mins to read. After successful submission of.

On the application provide your policy number identifying information and bank information so the surrender. To settle maturity and survival benefit claims Life Insurance Corporation of India LIC has asked policyholders to send scanned copies of their policies KYC documents discharge forms and so on via email to their servicing branch till June 30 2020. One needs to follow the steps below in order to surrender his or her LIC Policy.

You must fill out and submit the paper application. Basic Sum Assured Number of Premiums Paid Total Bonus Received x Surrender Value Factor. Go to any nearby LIC branch to get a copy of the application.

Visit the LIC Branch workplace with the Policy bond. Take the printout and go with this form. LIC policyholders will become eligible to close their policy only after 3 years from the date of starting of the policy.

How to surrender LIC policy. Policy Bond in Original. Because now LIC issue the payment directly to.

When a policy buyer is fed up with the scheme of the policy and makes a mind to get it dump then the only way is to surrender the LIC policy in the office where it was purchased. Printout of the LIC Life Insurance Corporation policy surrender form No5074. This maturity claim process applies only to policies that have maturity benefits and bonuses.

For that solely the branch from wherever the policy was bought is to be visited. Form No-5074 should be filled properly and submitted with the relevant documents. Download LIC Policy Surrender Form No5074.

A policyholder must follow the below key points for LIC Policy surrender. Application for Surrender Discounted value. The choice of surrendering your LIC policy mid-way gives you the freedom of investing in any other LIC policy without the worries of the future.

The form should be filled and submitted with the relevant documents. How to Surrender LIC policy. Ø Your Bank cancelled cheque your name should be printed on cheque If Your Name is not printed on cheque or you dont have Cheque Book then.

A LIC policyholder should collect from the nearest LIC branch the Form No- 5074 ie. You will have to use the LIC NEFT form in case you do not utilize the surrender form No5074. Download the LIC Policy Surrender Form.

LIC policyholders can now submit maturity claim documents online. Bank cancelled cheque leaf your name should be printed on cheque or bank passbook photocopy. If the policy dies after the maturity period but before receiving the claim amount the settlement amount will be paid to the legal heir or nominee.

Use this LIC Calculator App to calculate LIC Premium Maturity Amount LIC Surrender Value Loan Value Return and Bonus. The original documents of your ID Proofs. To surrender your LIC policy you need to fill and submit the LIC surrender form NEFT mandate form and other documents like your bank passbook copy or cancelled cheque PAN card copy Aadhar copy and original LIC bond.

Documents Required for Surrender LIC Policy. To surrender a LIC policy the policyholder must take the following steps The policyholder should visit the home branch where the LIC policy was registered and avail a surrender discharge Form 5074 available in the branch. This information is required to make a direct payment to the beneficiary bank account.

Documents Require To surrender LIC Policy. Special surrender value 10 00000X420 50000 X50 INR 1 25000. How to surrender LIC policy.

Just do a call to LIC agenthe will do all documentation of behalf of you. The Surrender Discharge Voucher is called Form 5074. If policy has run for 3 years or more from date or risk claim form no3783A may be used.

Complete an application for surrender value. You have to select the Sum Assured. Additional requirement may be required under a policy according to the status of the policy.

Ø Original Policy Paper Bond Paper Ø Surrender Form No5074Surrender ValueForm No5704 Here and take the printout. While surrendering LIC policy you also have to give an affidavit.

How To Surrender Lic Policy And How To Download Surrender Form Youtube