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Continued proposal form 503 Jeevan shanty Do you want to invest in a LIC Jeevan Shanty plan to secure your retirement? Good idea! Cover fox wants to help you here, so we\'ve listed the most important

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How to fill out lic proposal form 503

01

To fill out LIC Proposal Form 503, follow these steps:

02

Start by entering the policy number and plan details.

03

Provide personal details such as name, address, contact number, and occupation.

04

Fill in the nominee details, including their name, age, and relationship with the proposer.

05

Mention the premium payment mode and frequency.

06

Provide information about any existing policies with LIC or other insurers.

07

Answer the medical questions accurately, including any pre-existing medical conditions.

08

Mention the desired sum assured and policy term.

09

Review the filled form for any errors or omissions.

10

Sign the form along with the declaration and date it.

11

Submit the completed LIC Proposal Form 503 to the nearest LIC branch office or authorized agent.

Who needs lic proposal form 503?

01

Anyone who wishes to avail of a life insurance policy from LIC (Life Insurance Corporation of India) needs LIC Proposal Form 503.

02

This form is required by individuals who want to apply for a new LIC policy, regardless of age, gender, or occupation.

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What is lic proposal form 503?

Lic proposal form 503 is a document used to propose a new insurance policy with LIC.

Who is required to file lic proposal form 503?

Any individual or organization looking to purchase a new insurance policy with LIC is required to file lic proposal form 503.

How to fill out lic proposal form 503?

Lic proposal form 503 can be filled out by providing accurate personal and insurance details as requested on the form.

What is the purpose of lic proposal form 503?

The purpose of lic proposal form 503 is to initiate the process of applying for a new insurance policy with LIC.

What information must be reported on lic proposal form 503?

The information required on lic proposal form 503 includes personal details, financial information, and insurance preferences.

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