- What should I do if I lost my LIC Bond?
- How can I get duplicate LIC Bond?
- How can I recover my lapsed LIC policy?
- Can I withdraw my LIC policy before maturity?
- How can I check my LIC policy maturity amount online?
- What is lapsed without surrender value?
- Can I revive LIC policy online?
- How can I get soft copy of LIC policy?
- How can I check my lic policy details online?
- How much money will I get if I surrender my LIC policy?
- Can I revive my LIC policy after 5 years?
- Is it good to surrender LIC policy?
What should I do if I lost my LIC Bond?
Immediately inform your insurer When you lose your original life insurance policy bond, you must inform your insurer at the earliest.
Visit the nearest branch of your insurer and talk to concerned authorities regarding the loss.
You need to submit an application mentioning the following details: Your name in full..
How can I get duplicate LIC Bond?
How to apply for a LIC duplicate bond?#1: Placement of advertisement:#2: Submit the Indemnity Bond:#3: Fill the loss of policy bond questionnaire.#4 Submission of Bond, Questionnaire, and Documents.#5: Issue of duplicate bond.
How can I recover my lapsed LIC policy?
The policy can be revived only once during the policy term. The lapsed policy can only be revived if it has not expired for a period of fewer than 6 months or more than 3 years from the date of revival. Under the special revival scheme, the policyholder has to give a written request for reviving the policy.
Can I withdraw my LIC policy before maturity?
It is the option to exit from life insurance product before maturity wherein policyholder will get the amount which is called as Surrender Value. A regular premium policy will be eligible for surrendering after the policyholder has paid the premiums continuously for 3 years.
How can I check my LIC policy maturity amount online?
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. For instance, if 883 is the servicing branch, the mail will have to be sent to email@example.com.
What is lapsed without surrender value?
A life insurance policy will lapse when premium payments are missed and cash surrender value is exhausted on a life insurance policy. The term lapse refers to a “lapse in coverage”, meaning the life insurance contract will no longer pay a death benefit or provide any insurance coverage for the insured person.
Can I revive LIC policy online?
As revival of LIC insurance policy is not a prolonged process, one can easily revive the policy online in a quick, simple and hassle free-way.
How can I get soft copy of LIC policy?
a. 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.Upload the scanned image of PAN Card or Aadhaar Card or Passport.More items…
How can I check my lic policy details online?
Check LIC Policy Status Online (For Registered User)Step 1:You must visit the e-Service Portal of LIC. … Step 2:You will need to enter the login credentials namely, your User Name and Password.Step 3:Once you’re logged in your Services Account of LIC, you will see various options related to the account or your policy.More items…
How much money will I get if I surrender my LIC policy?
Guaranteed Surrender Value: The policy can be surrendered after it has been in force for at least 3 full years. The Guaranteed Surrender value will be equal to 30% of the total amount of premiums paid excluding the premiums for the first year and all the extra premiums and premiums for accident benefit / term rider.
Can I revive my LIC policy after 5 years?
It can be revived any time within 5 years from the date of first unpaid premium. To revive a lapsed policy, you need to pay the accumulated unpaid premiums along with the interest. Depending on the policy and the insurer, you will be paying an 8-9% penalty on unpaid premiums for a plan that will yield 5-6% returns.
Is it good to surrender LIC policy?
Surrender value is payable only after three full years premiums are paid to LIC. More over if it is a participating policy the Bonus get attached to it as per prevalent rules. Surrender of policy is not recommended since the surrender value would always be proportionately low.