Get the free Lic policy surrender form download pdf. Lic policy surrender form download pdf. A po...

Continued policy surrender form download PDF policyholder can surpass the LIC policy after at least 3 years of premiums have been paid. The surrender value of policy surrendered within the first 3

How to fill out lic policy surrender form

How to fill out lic policy surrender form

1. To fill out the LIC policy surrender form, follow these steps:
2. Obtain the LIC policy surrender form from the nearest LIC branch or download it from the official LIC website.
3. Fill in your personal details such as policyholder's name, address, contact information, policy number, and other relevant information as requested in the form.
4. Provide the reason for surrendering the policy and mention the surrender value you expect to receive.
5. Attach the necessary documents such as self-attested policy photocopy, identity proof, address proof, and cancelled cheque.
6. Double-check the form for any errors or missing information.
7. Sign and date the form.
8. Submit the completed LIC policy surrender form, along with the required documents, to the LIC branch where the policy was initially processed.
9. Keep a copy of the filled form and documents for your reference.
10. Wait for the surrender process to be completed and for the surrender value to be credited to your registered bank account.
11. Contact the LIC branch or customer service helpline for any further assistance or clarification.

Who needs lic policy surrender form?

1. Anyone who wishes to surrender their LIC policy needs the LIC policy surrender form.
2. Common reasons for surrendering a policy may include financial difficulties, change in investment plans, maturity of the policy, or personal reasons for discontinuing the policy.
3. Individuals who no longer require the benefits or coverage provided by the LIC policy may opt for surrender.
4. It is important to note that surrendering a policy will result in the termination of the policy, and the policyholder may receive a surrender value based on the terms and conditions of the policy.

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What is lic policy surrender form?

The LIC policy surrender form is a document that policyholders submit to the Life Insurance Corporation of India to formally cancel their insurance policy and request the surrender value.

Who is required to file lic policy surrender form?

The policyholder is required to file the LIC policy surrender form when they wish to surrender their insurance policy.

How to fill out lic policy surrender form?

To fill out the LIC policy surrender form, the policyholder must provide details such as their policy number, personal information, and the reason for surrender, ensuring all sections are completed accurately.

What is the purpose of lic policy surrender form?

The purpose of the LIC policy surrender form is to officially notify LIC of the policyholder's intention to terminate the policy and claim the surrender value.

What information must be reported on lic policy surrender form?

The LIC policy surrender form must include the policy number, policyholder's name, contact information, and any relevant banking details for the surrender value payment.