How To Surrender LIC Policy

 

ଯଦି LIC ଭରିବାକୁ ଚାଁହୁ ନାହାନ୍ତି ,ତାହାଲେ  ଜାଣନ୍ତୁ କେମିତି ବନ୍ଦ କରିବେ  LIC

How To Surrender LIC Policy

Documents Require for LIC Surrender

• Original Policy Bond.
• Download LIC Policy Surrender Form No.5074/3510
• Submit your Bank Account Details.
• Fill LIC's NEFT Form, if you are not using the above said Surrender Form and submit the same.
• Go with original ID Proof like Aadhaar Card, Driving License or PAN Card

Surrender Form No.5074/3510 is useful to surrender lic policy before maturity. You need to know that, LIC policies surrendered before 3 years from the date of commencement of policy will not give any benefit. That means you get nothing if surrender policy without paying premium for 3 years. It is always recommended to surrender lic policy after 3 years only if not satisfied with your current policy. After 3 years period, you get some percentage of the premium paid. You need to check policy document to know surrender value of lic policy. Just fill the LIC Surrender Form and submit it along with required enclosures like policy document, neft manadate form, kyc documents. You have to fill the following details in LIC Policy Surrender Form. Policy Number Policy Maturity Date & few other declarations should be signed by you. ust fill the LIC Surrender Form and submit it along with required enclosures like policy document, neft manadate form, kyc documents.

Download Surrender Form

Click Here To Download Form

LIC Neft Mandate Form

When ever you surrender a policy or getting maturity benefit or during claim settlement, you need to submit LIC Neft Form to get benefit amount by neft. This is the fastest mode to get your benefit amount in your account.

You have to submit this form along with other forms for faster settlement of claim. LIC policy holders have to fill the following details in LIC Neft Form. 

• Policy Number
• Name of Policy Holder/ Claimant
• Bank Name
• Bank Branch Address
• Account Type (Savings, Current, CC, NRI Accounts are accepted
• Bank Account Number
• Bank IFS Code
• Mobile Number, Email Id, Aadhar, PAN.

At last You Have To submit all this Documents At your Lic  home Branch Office

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