______ DIVISIONAL OFFICE. FORM OF RECEIPT FOR THE SURRENDER VALUE OF POLICY NO. Surrender Value including Cash Value of Bonus and premiums refundable on account of occupation extra and / or / (Rev.). Online Forms. LIC’s Pensioner’s Page. Claims Under Regular Life Insurance Policies Death Claims: The person legally entitled to receive the policy monies. – Online Insurance, Life Insurance, Car Insurance, Health Insurance, Mediclaim, PA, Travel Insurance, Home Insurance.
|Published (Last):||1 June 2018|
|PDF File Size:||5.17 Mb|
|ePub File Size:||1.38 Mb|
|Price:||Free* [*Free Regsitration Required]|
I have one question, While surrendering, do we need to sign anywhere on the original policy document?
I am not very sure if you can use Bangalore’s form in Tamil Nadu. The Durrender section has everything but the Policy Surrender Forms. Present Badge No and Department No Anonymous December 31, at Neeraj Sinha October 2, at 4: How long does it take to credit.
I followed the above steps and the refund was easy. Are you sure the surrender process can be done by speed post? The problem here is that the LIC agent, who gets the commission on regular basis should assist us lix all policy associated matters.
Hello Sir, Once i submit all my lic docs to cancel the policy, how many ljc they take to refund my policy amount? I closed my existing policies and do not much idea on your scenario. Can I still surrender my policy?
Really great, hats-of to you. However very soon you will realize that the information you are looking for is not present on the website.
Angshuman Paul June 16, at Hi Neeraj, I’m planning to surrender my policy for which I’d paid third year premium in Feb Dhruv Kharwar December 7, at 6: I have taken loan against the policy some 8 month ago. AVI July 22, at 3: I hope that you found this information helpful.
What was the most amazing thing was that on May 12,the courier with the policy fotm and other forms was delivered and on May 14, within 48 tormthe surrender value money was in my banking account.
FAQ – How to surrender LIC Policy?
Hi Neeraj, This is a very helpful thread you started for policy holders like me. Neeraj Sinha February 19, at sirrender Hi NeerajI have a question; I took 2 policys last year and i had paid 5 months premium of both the policy then i haven’t paid any,its been a year now.
Hey it is very important to do a Cost Benefit Analysis of whether you are going to get a justifiable refund when you close your policies. Hi, I just took a Jeevan Saral Policy last month. Srinivas Murthy April 24, at 1: After a careful examination of your insurance needs, should you feel the need to surrender your LIC policy, your first step should be to find out relevant information from the LIC India official website http: How much annual premium is advisable to pay befor surrendering the policy?
Since I am paying this premium and its in my name, can I leave these field blank? Hi, I wrote this post with my experience on surrendering my LIC policy.
I would suggest you walk down to the nearest LIC office and speak to them with the procedure. I hope I can surrender.
LICI : Downloads
I dont have a background on how old is your policy and when you had done the Fomr mandate. But now I have decided to cancel the policy totally and wanted to know how much will be deducted from the premium amount when I get a refund. Hi Neeraj, Very useful post. Bala Subramanian October 15, at 5: Please do this analysis before closing any of your policies. Only a cancelled cheque is needed along with the mandate form, can be sent through any reliable courier or Postal department.
You also need to enclose a cancelled cheque Do not strike on the Account Number of Branch Address on the cheque. Dear Neeraj, my Policy and my agent are in Bangalore, i transferred to Tamilnadu.
Downloads: LIC Form – 5074 & 3510 – for Surrender Value
You save me lot of time and trouble: Dear Sir, my policy belongs to Berhampur division. You can however reconfirm at a local LIC office. I would suggest you to check with the nearest LIC office. I would like to surrender my policy.
Nilesh Kamath October 3, at Is there any chance of withdrawing my money? Durrender were extremely helpful in sending me surrender form via email as I had moved of the fodm where I had my policy taken. To surrender my policy, can i use Sambalapur division form. I am not very sure if there is any option to change an agent for LIC.
Hi Neeraj, Can you please tell as of how many days did it take for the money to be credited to your account?