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LIC Surrender Form 5074 Update: 1 sec ago Make use of the Sign Tool to add and create your electronic signature to minnow the How to fill LIC surrender form 5074 filled. Card surrender form PDF WordPress
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How to fill out lic surrender form

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How to fill out lic surrender form

01
To fill out the LIC surrender form, follow these steps:
02
Download the LIC surrender form from the official LIC website or visit the nearest LIC branch to obtain a form.
03
Fill in your personal details in the designated fields, including your name, address, policy number, and contact information.
04
Provide the details of the policy you wish to surrender, such as the policy number, type of policy, and policy commencement date.
05
Specify the reason for surrendering the policy and mention any additional comments or remarks, if necessary.
06
Attach the required documents, such as a photocopy of your policy document, identification proof, and bank account details for refund purposes.
07
Review the completed form to ensure all the information provided is accurate and legible.
08
Submit the filled-out form along with the necessary documents to your nearest LIC branch office.
09
Keep a copy of the submitted form and documents for your records.
10
Wait for LIC to process your surrender request and refund the applicable amount to your bank account.

Who needs lic surrender form?

01
Anyone who wishes to surrender their LIC policy needs to fill out the LIC surrender form. This form is required for individuals who want to terminate their existing LIC policy and receive the surrender value. You may need to surrender your LIC policy if you no longer require the life insurance coverage or if you are facing financial difficulties. It is recommended to consult with LIC or a financial advisor before surrendering your policy to understand the implications and alternatives.
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The LIC surrender form is a document that policyholders submit to the Life Insurance Corporation of India to terminate their insurance policy and receive the surrender value.
Any policyholder who wishes to surrender their LIC policy before its maturity date is required to file the LIC surrender form.
To fill out the LIC surrender form, the policyholder must provide personal details, policy number, the reason for surrender, and sign the form to authorize the surrender.
The purpose of the LIC surrender form is to formally request the termination of an insurance policy and to initiate the process of receiving any eligible surrender benefits.
The LIC surrender form must include the policyholder's name, contact details, policy number, date of surrender request, and any other required identification information.
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