______ DIVISIONAL OFFICE. FORM OF RECEIPT FOR THE SURRENDER VALUE OF POLICY NO. Surrender Value including Cash Value of Bonus and premiums refundable on account of occupation extra and / or / (Rev.). Online Forms. LIC’s Pensioner’s Page. Claims Under Regular Life Insurance Policies Death Claims: The person legally entitled to receive the policy monies. – Online Insurance, Life Insurance, Car Insurance, Health Insurance, Mediclaim, PA, Travel Insurance, Home Insurance.
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You also need to enclose a cancelled cheque Do not strike on the Account Number of Branch Address on the cheque.
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Really great, hats-of to you. Fork am off to LIC office to surrender my policy. Once you have all these documents ready, you need to send them along with your Original Policy Certificate to the Branch where you hold your LIC Policy.
Anonymous November 25, at 1: Liic the application to surrender form there is “name and address of paying authority”, designation badge number etc.
Hi Neeraj, I’m planning to surrender my policy for which I’d paid third year premium in Feb Hi, Thanks for the information. Present Badge No and Department No I would suggest you walk down to the nearest LIC office and speak to them with the procedure. Neeraj Sinha May 9, at 4: But now I have decided to cancel the policy totally and wanted to know how much will be deducted from the premium amount when I syrrender a refund.
This post does not aim at urging people to surrender their LIC Policies. That agent tells me that I would be handed a letter saying that I can’t take another policy with LIC for the next four years. Can we use the form in any state?
Surrender Form Form No 5074 3510
Dear Neeraj, my Policy and my agent are in Bangalore, i transferred to Tamilnadu. Rani Joseph July 16, at 3: Can you guide me fotm to surrender my policy? You can check this at the nearest LIC Office. You can check with them on the penalty. Srinivas Murthy April 24, at 1: Anonymous July 22, at 4: Arif Bhuniya September 28, at 9: The second premium was again due in April Praveen Amarghade April 12, at 1: It is a very easy and simple process and officials are very helpful.
I would like to surrender my policy. Neeraj Sinha May 3, at 6: Bala, please check this at the nearest LIC office. Is this a clause? Anonymous February 9, at 8: Let me know if you have any specific question. Walk down to the nearest LIC office and collect the form from there. You can also call up the Helpdesk and inquire if you can submit Bangalore’s form in Tamil Nadu.
What was the most amazing thing was that on May 12,the courier with the surrencer certificate and other surrfnder was delivered and on May 14, within 48 hours fprm, the surrender value money was in my banking account. Neeraj Sinha August 12, at This only documents the procedure of doing so, should you ever feel the need, depending on your financial situation.
I have one question, While surrendering, do we need to sign anywhere on the original policy document? Bala Krishnan October 10, at 8: You save me lot of time and trouble: It is strange though that they do not have this form available for download on their website.
How much annual premium is advisable to pay befor surrendering the policy? I have taken loan against the policy some 8 month ago.
Downloads: LIC Form – 5074 & 3510 – for Surrender Value
Dhruv Kharwar December 7, at 6: Anonymous November 16, at 7: The forms are self explanatory. It is not important for you to submit these documents personally. Neeraj Sinha September 28, at Sutrender December 31, at First monthly premium paid. I hope I can surrender. If Surrender of surrnder policy at this time pan number will be required or not.
Anonymous February 22, at Here is what you can do to surrender your policy: