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LIC surrender form 5074 pdfContinuePublished: BlogAdministrator, December 26, 2011, Any traditional policy LIC INDIA can be passed only after 3 years with DOC (Start Date) LIC POLICY. In the order
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How to fill out lic surrender form 5074

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How to fill out lic surrender form 5074

01
To fill out LIC surrender form 5074, follow these steps:
02
Begin by entering your policy number and name in the respective fields.
03
Provide your contact details such as your address, phone number, and email address.
04
Fill in the date of birth and PAN card number.
05
Mention the policy commencement date and the date you wish to surrender the policy.
06
Provide your bank account details where you want the surrender benefits to be transferred.
07
Specify the reason for surrendering the policy and any additional comments if required.
08
Sign and date the form.
09
Submit the filled-out form along with any necessary documents to the LIC branch office or through an agent.
10
Keep a copy of the form and the acknowledgment receipt for your reference.

Who needs lic surrender form 5074?

01
Anyone who wants to surrender their LIC policy needs to fill out LIC surrender form 5074.
02
This form is required by policyholders who have decided to terminate their life insurance policy before its maturity period.
03
It is necessary for individuals who no longer wish to continue paying premiums and want to withdraw their investment from the policy.
04
In such cases, the policyholder needs to submit this form to the LIC office or their agent to initiate the surrender process.
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LIC Surrender Form 5074 is a document used by policyholders to formally request the surrender of their Life Insurance Corporation of India (LIC) policy.
Any policyholder who wishes to surrender their LIC policy and receive the surrender value must file LIC Surrender Form 5074.
To fill out LIC Surrender Form 5074, the policyholder must provide personal details, policy number, and reasons for surrendering, and sign the declaration at the end of the form.
The purpose of LIC Surrender Form 5074 is to enable policyholders to initiate the process of surrendering their policy and to facilitate the release of the surrender value.
Information such as policyholder's name, address, policy number, date of surrender, and a declaration must be reported on LIC Surrender Form 5074.
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