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LIC policy surrender form Upload date: 8/11/2020 Views: 3997 File type: InstallerDownload for free:User rating:Claim Form 'A in Form No If policy has run for 3 years or more from date or risk, claim
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How to fill out lic policy surrender form

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How to fill out lic policy surrender form

01
To fill out the LIC policy surrender form, follow these steps:
02
Obtain the surrender form from the LIC office or download it from their website.
03
Fill in your policy details, such as policy number, date of commencement, and sum assured.
04
Provide your personal details like name, date of birth, address, and contact information.
05
Mention the reason for surrendering the policy, whether it is due to financial constraints or any other reason.
06
If applicable, provide the details of the bank account where you want the surrender value to be credited.
07
Sign the form and attach any required documents, such as a copy of your policy document and identity proof.
08
Submit the filled form along with the necessary documents to the nearest LIC branch office.
09
Keep a copy of the filled form and the acknowledgment receipt for future reference.

Who needs lic policy surrender form?

01
Anyone who wishes to surrender their LIC policy needs the LIC policy surrender form.
02
Surrendering a policy may be suitable for individuals who no longer require the insurance coverage provided by the policy or are facing financial difficulties and need immediate funds.
03
It is important to carefully evaluate the implications of surrendering a policy and consider alternatives before making a decision.
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LIC policy surrender form is a document that policyholders submit to the Life Insurance Corporation (LIC) to officially request the surrender of their life insurance policy.
The policyholder or the authorized representative of the policyholder is required to file the LIC policy surrender form.
To fill out the LIC policy surrender form, provide personal details, policy number, the reason for surrender, and any other required information as specified in the form.
The purpose of the LIC policy surrender form is to formally request the cancellation of the policy and the disbursement of the surrender value to the policyholder.
The information that must be reported includes the policyholder's name, contact details, policy number, date of surrender request, and any additional required information or documents.
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