LIC conveyed important reference to clients. Life Insurance Corporation of India (LIC), India’s largest insurance company, has made a reference to its customers.
LIC Policy Holders: LIC conveyed important reference to clients. Life Insurance Corporation of India (LIC), India’s largest insurance company, has made a reference to its customers. Your LIC policy maturity is coming to an end but .. keep this in mind if you are looking to take a loan on your policy. You must fill out the NEFT command form correctly. You will not receive policy maturity money if you do not fill out this form.
In fact LIC stopped paying by check. The insurance company will now transfer the money to the bank account of the direct policyholder. In that case you need to link your LIC policy to your bank account. Otherwise the claim money will remain the same.
LIC also reminds us of another thing. You can pay the policy money right from anywhere without additional cost. All digital payments are free of charge. For free e-services, LIC’s customers can register on the portal on the company’s website.
Link the bank account with the policy as follows
The way to link an LIC policy to a bank account is very easy. Go to your nearest LIC office and fill out the NEFT Form. Xerox copy of bank check / bank passbook along with this form is required to be submitted. One week later your policy will be linked to your bank account. After this any money coming from LIC will come directly to your bank account.
Proper secure payment can be made from anywhere at no extra cost as per LIC. All digital payments are free of charge. Free e-service, LIC’s customers can register on the portal on the company’s website.
Submit the policy maturity claim in any branch
LIC has come up with a big relief for policy mature policyholders. Documents with policy maturity can be submitted by March 31 at their nearest LIC offices across the country.
The insurance company has 113 divisional offices, 2,048 branches and 1,526 small offices across the country. Apart from that it has 74 customer zones. Maturity claims of the policy can be made at all branches. It can be submitted anywhere in the form of claiming policy taken from any department.
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