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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.
What happens if I surrender my LIC policy?
Guaranteed Surrender Value: The surrender value provided by LIC is essentially 30\% of the premiums that have been paid so far. However, this will exclude premiums that were paid during the first year of the policy, and premiums paid towards accident benefit/term rider.
Can I surrender my LIC policy online?
First keep in mind that as of now Surrendering LIC policy is not possible ONLINE. Also, you have to surrender the LIC policy at your servicing LIC branch ONLY. Also, keep in mind that you have to personally visit the branch and request for surrender of LIC policy.
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.
What is the payment processing time for LIC policy bond?
After receipt of Policy Bond, Discharge Form & NEFT (BANK AC) Details payment processing is done immediately in advance (maximum 45 days in advance). When the maturity date is due amount automatically debited from LIC account and credited in Policy holder’s BANK account.
What is the maximum time taken for LIC policy renewal?
Maximum time is 3 working days if you have registered your bank details with LIC. It is the turn around time taken. What happens if I stop paying LIC policy premiums after 5-6 years?