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How can I get my lic money after maturity?
Maturity Claims: The servicing Branch usually sends maturity claim intimations two months in advance. Please submit your Discharged Receipt in Form No.3825 with original policy document atleast one month before the due date so that the payment is received before the due date of maturity claim.
How much money we get after surrender my LIC policy?
The policy can be surrendered after it has been in force for at least 3 full years. The Guaranteed Surrender value will be equal to 30\% of the total amount of premiums paid excluding the premiums for the first year and all the extra premiums and premiums for accident benefit / term rider.
What happens to LIC after maturity?
The proceeds will be paid automatically to the policyholder’s account once the maturity period is over. However, if the settlement amount is over Rs. 60,000, it is mandatory to file the discharge form along with the required documents.
How can I refund my LIC policy back?
How To Surrender LIC Policy
- Original policy bond documents.
- Request for surrender value payment.
- LIC Surrender form- form 5074.
- LIC NEFT form.
- Bank account details.
- Original ID proof like Aadhar card, pan card or driving license.
- A cancelled cheque.
- Hand-written letter to LIC stating the reason to discontinue.
Is LIC’s money back policy a 20 year or 20 year plan?
This plan being a 20 years tenure has 20 year schedule of survival and maturity benefits to be paid. LIC’s Money Back Policy is a 20 year, non-linked plan that gives pay-outs at certain intervals. These pay-outs are made during the policy tenure as a certain percentage of the basic sum assured.
How to claim maturity of New Bima gold (179)?
Since maturity is due in December-2018, you should claim maturity by visiting your branch. We will try to add calculator for New Bima Gold (179) shortly. For The Money Back Policy – 20 Years (Plan-75), Click Here.
When will my maturity claim be credited to my LIC account?
LIC sends claim intimation to policy holders well in advance (usually 3 months). If the policy holder submits all the relevant documents at least one month in advance, the maturity claim will be credited to the policy holders account exactly on the date of Maturity.
What is LIC Jeevan Anand (plan 815) bonus?
It is a one-time bonus paid at the time of maturity. The Policy Holder can find the Maturity Amount for Lic Jeevan Anand (Plan 815) maturity amount calculator, Lic Jeevan Saral maturity calculator, Lic Money back policy maturity calculator.