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Questions & answers

Due to lockdown and policy restrictions, LIC allowed its policyholders to submit maturity claim related documents online. The required documents were required to be scanned and then submitted via email to the servicing branch.
The maturity claim or discharge form can be submitted when the policyholder is living while the date for the same is near. Also, this form can be deposited when the policyholder has lived till the arrival of the maturity date but has not been able to live after that.
LIC provides a wide range of online services to its customers to make the process simple. From purchasing a plan to paying the premiums on regular intervals to checking the maturity amount and status of the policy, everything can be availed through the online as well as the offline mode.
Once the documents are sent to the insurance company, upon verification, the insurance company will process the maturity claim and make the payment to the policyholder. The maturity proceeds will be credited directly to the bank account of the policyholder after the policy maturity date.
Documents Required for Maturity Claim DischargeOriginal LIC Policy Document.Identity Proof.Age Proof (if not submitted previously)Cancelled Cheque leaf or a copy of the Policy holder's Bank Passbook.NEFT Mandate Form (to transfer the maturity proceeds directly to the policyholder's account)More items•Mar 4, 2020