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LATE-TERM NO. 340 (Rev 2019) PROPOSAL FOR INSURANCE ON THE LIFE OF ANOTHER ADULT PERSON (Not be used for insurance on the lives of minors) Division:Color PHOTO OF THE LIFE TO BE ASSURED Branch Office:INSTRUCTIONS
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How to fill out lic form 300
How to fill out lic form 300
01
To fill out LIC Form 300, follow these steps:
1. Start by entering your personal details such as name, address, and contact information in the designated fields.
02
Provide your PAN (Permanent Account Number) or Aadhaar number for identification purposes.
03
Specify the policy number and type of policy you are applying for.
04
Enter the required details about the nominee, including their name, relationship with you, and percentage of share in the policy.
05
Provide the details of the premium payment mode and the frequency of payments.
06
Fill in the nomination consent form and attach any necessary documents.
07
Review the filled form for accuracy and completeness.
08
Sign and date the form at the specified places.
09
Submit the filled LIC Form 300 along with any required supporting documents to the LIC office.
Who needs lic form 300?
01
LIC Form 300 is needed by individuals who wish to apply for a Life Insurance Corporation (LIC) policy.
02
It is specifically required for nominees of policyholders to provide their details and consent for receiving policy benefits in case of the policyholder's demise.
03
Therefore, both policyholders and their nominees may need to fill out LIC Form 300.
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What is lic form 300?
Lic form 300 is a form required by the Life Insurance Corporation of India for reporting certain financial information.
Who is required to file lic form 300?
Insurance agents and brokers are required to file lic form 300.
How to fill out lic form 300?
Lic form 300 can be filled out online on the LIC website or submitted physically at a LIC branch office.
What is the purpose of lic form 300?
The purpose of lic form 300 is to provide LIC with financial information about insurance agents and brokers.
What information must be reported on lic form 300?
Information such as income, expenses, and commissions earned must be reported on lic form 300.
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