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Continued policy surrender form 5074 download PDF Download LIC Surrender Form No.5074. LIC NEFT Mandate Form. When ever you surrender a policy or getting maturity benefit or during claim settlement,

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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

Go to the LIC website or visit your nearest LIC branch.

03

Ask for the LIC policy surrender form.

04

Fill in your personal details such as name, address, contact number, and policy number.

05

Provide the reason for surrendering the policy.

06

Calculate the surrender value of your policy using LIC's formula.

07

Attach the necessary documents such as identity proof, address proof, and policy documents.

08

Sign the form and submit it along with the documents to the LIC staff.

09

Keep a copy of the form and documents for your reference.

10

Wait for the surrender process to be completed. You will receive the surrender value in your bank account or through a cheque.

Who needs lic policy surrender form?

01

Anyone who wants to surrender their LIC policy needs the LIC policy surrender form.

02

It is applicable to policyholders who no longer wish to continue their policy and want to surrender it.

03

Individuals who have found better investment options or are facing financial difficulties may choose to surrender their LIC policy.

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What is lic policy surrender form?

The LIC policy surrender form is a document that policyholders use to surrender their life insurance policy to the insurance company.

Who is required to file lic policy surrender form?

Any policyholder who wishes to surrender their LIC policy is required to file the surrender form.

How to fill out lic policy surrender form?

Policyholders must fill out the surrender form with their personal information, policy details, and reasons for surrendering the policy.

What is the purpose of lic policy surrender form?

The purpose of the LIC policy surrender form is to officially notify the insurance company of the policyholder's intention to surrender their life insurance policy.

What information must be reported on lic policy surrender form?

The surrender form must include the policyholder's name, policy number, reasons for surrendering the policy, and any other required information requested by the insurance company.

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