Surrender Form Of Lic Policy
LIC Surrender Value Calculator Policy. Tray. Disclaimer The values provided here are for information purposes only and its NOT an official LIC website. Policy. Tray is an online platform where users shall gain knowledge on various insurance products. Ultimate Spiderman Games Free Download For Pc. We do not sell any insurance products nor we recommend any product to the users by way of comparison. How to Surrender LIC Policy If you have bought a LIC endowment or money back plan and looking to surrender it for cash value. Here is how you can surrender your LIC policy First Check does your policy have a surrender value Check the policy bond and other documents if the policy has a surrender value. All endowment or money back insurance plans accrue a surrender value after certain period. Generally insurance policies acquire surrender value after completion of three years of your policy. LIC-Policy-Surrender-Proposal-Form.jpg' alt='Surrender Form Of Lic Policy' title='Surrender Form Of Lic Policy' />Revival of lapsed Policy Form no. Click here to download PDF format. Life Insurance Corporation of India Corporate Office Yogakshema Building. How to Surrender LIC Policy after 3 years or before maturity Fill LICs NEFT Form, if you are not using the above said Surrender Form and submit the same. Most financial institutions too allow loans against LIC policies based on the. Surrender of policy. Ny Life Surrender FormSurrender Form Of Lic Policy Market Plus
This surrender value will be very less compared to the premium you have already paid. Term insurance policies are pure protection plans and generally do not accrue any surrender value. How to surrender LIC PolicyOnce you have decided to surrender your policy, here is how you go 1. You need following documents Original policy certificate Photocopy of premium payment receipts Photocopy of latest unit balance for ULIPs Application for surrender value S. V. Application or LIC Surrender Request Letter LIC Form No. Fill in the above forms and affix the revenue stamp. Submit the application in your LIC office. You can only surrender your policy in the office where the policy is issued. You can find your policy issuing office in policy certificate or premium receipts. Only policy holder can surrender the policy. After verification of your policy details the LIC officer will issue you an acknowledgment receipt. Surrender Form Of Lic Policy' title='Surrender Form Of Lic Policy' />Take the acknowledgement slip for your surrendered policies. Once surrendered it would take approximately 2. Surrender value cheque will only be sent to the address on your policy. If the address is not your current address, you may get it updated by giving address change request form. The address change will be done immediately and you will be given an acknowledgement. Thinks to keep in mind, while surrendering insurance policy. Surrender value is payable only after three full annual premiums are paid to LIC. Surrender of policy is not recommended since the surrender value would always be proportionately low. Should you decide to go in for another insurance at this stage further insurance would be available to you at a much higher premium because your age would have advanced since taking out the earlier policy.