Can I submit LIC maturity documents in any branch?

Life Insurance Corporation of India (LIC) has permitted its policyholders to submit their maturity claim at any of their nearest LIC offices anywhere in the country till the end of this month. The documents will be digitally transferred through ‘LIC’s All India Network’,” it added.

What is procedure for LIC 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 all documents are required for LIC maturity claim?

Documents required

• Original policy documents.
• Photocopy of identity proof.
• Photocopy of address proof.
• Photocopy of age proof (if not previously submitted)
• NEFT mandate with the bank details.
• A cancelled cheque leaf or a copy of the policyholder’s bank passbook.
• Details regarding any assignment or reassignment.

How do I claim a matured policy?

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.

Can I submit LIC maturity claim online?

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. This facility was available till June 30, 2020.

Can I submit LIC claim online?

If already registered on LIC Portal: Click on e-Services, login with your user-id and password. Register your policies for availing the e-services by filling up the form provided. Print the form, sign it and upload the scanned image of the form.

How can I submit my LIC policy online?

a. If already registered on LIC Portal:

1. Click on e-Services, login with your user-id and password.
2. Register your policies for availing the e-services by filling up the form provided.
3. Print the form, sign it and upload the scanned image of the form.
4. Upload the scanned image of PAN Card or Aadhaar Card or Passport.

What is maturity discharge form?

Typically, the insurance company sends a Policy Discharge Form about one month before the maturity date of the insurance policy. The letter also provides instructions regarding the documents that need to accompany the form. Details and documents. The policy discharge form must be duly filled by the policyholder.

What is maturity settlement in LIC?

Maturity settlement option was already available in LIC which provided policy holders with an option to take maturity in installments. Maturity settlement option provides a feature to receive a lump-sum amount in yearly, half yearly, quarterly or monthly installments for selected number of years.

Can I submit LIC maturity documents online?

The documents will be digitally transferred through LIC’s All India Network.” 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.

How much we get after LIC maturity?

Maturity Benefit: In case of Life Assured surviving the stipulated date of maturity, 40\% of the Basic Sum Assured along with vested Simple Reversionary Bonuses and Final Additional Bonus, if any, shall be payable.

What is the process of filing a maturity claim with LIC?

Let’s take a look at the process involved in filing a maturity claim with the LIC. When a policy is approaching its maturity date, LIC sends out a policy discharge form to the insured. This is typically done at least a month before the date of maturity.

How to submit LIC insurance claim details online?

It has also stated that the facility to submit details online is in addition to the existing procedure. The LIC website states that policyholders can send the claim requirements by email. The mail should be sent to claims.bo @licindia.com where the branch code is the servicing branch.

What is advance maturity claim letter from LIC of India?

When a life insurance policy is about to mature, the service branch of LIC of India will send an advance maturity claim intimation letter to the policyholder usually before two months.

How to transfer LIC policy to another policyholder?

1 Original LIC Policy Document 2 Identity Proof 3 Age Proof (if not submitted previously) 4 Cancelled Cheque leaf or a copy of the Policy holder’s Bank Passbook 5 NEFT Mandate Form (to transfer the maturity proceeds directly to the policyholder’s account) 6 Assignment/ Reassignment (if any)