How To Claim LIC Policy After Maturity Online?

How Can I Surrender My LIC Policy Online?

The process of surrendering an LIC life insurance policy online is easy. To surrender your LIC life insurance policy online, send an email to LIC life insurance customer service with the reason for surrendering the policy along with the required policy details and other documents. Once the surrendering form is submitted to the insurance provider, they will surrender the policy. The surrendering process may take some time to complete. Wait for confirmation from LIC Life Insurance that your policy has been successfully cancelled. Once the refund application is approved the refund amount is credited to your account. 

How to Claim LIC Policy after Death?

Claiming a life insurance policy after the death of the insured can be a difficult process. However, it is important to ensure that the policyholder’s family receives all the benefits they are entitled to. Here are the steps to follow to claim a LIC policy after the policyholder's death:

• Register the claim: The first step is to inform the LIC life insurance company about the policyholder's demise by contacting the customer service centre. You will need to provide the policy details and the death certificate of the policyholder.
• Submit the required documents: The LIC office will provide you with a list of documents required to process the claim. Typically, you will need to submit the required documents.
• Wait for verification: The LIC office will verify the submitted documents and the authenticity of the claim. This process may take some time, and you will need to follow up with the LIC office regularly.
• Receive the claim amount: Once the claim is verified, the LIC office will disburse the claim amount to the nominated beneficiary as per the policy's terms and conditions.

In case of any doubts or queries, you can reach out to the LIC customer service centre. It is advisable to keep a copy of all the documents submitted for future reference.

How to Start Lapsed LIC Policy?

If your LIC policy has lapsed, by paying the outstanding premiums, submitting the revival application form, and paying any applicable fees or charges, you may be able to revive a lapsed LIC policy. However, it is important to note that the revival of a lapsed policy may be subject to certain terms and conditions and may result in a reduction in the sum assured or benefits.

How to Recover Lapsed LIC Policy?

You can recover lapsed LIC Life insurance policy any time from the date of the first unpaid premium. To revive a lapsed policy, you need to pay the accumulated unpaid premiums along with the interest. Steps to help you recover your lapsed LIC policy.

• Verify your eligibility for the lapse forgiveness
• Complete a lapse forgiveness request form
• Provide any required documents
• Pay the reinstatement fee

How to Renew Lapsed LIC Policy?

Renew lapsed LIC life insurance policy by paying the premium with interest and submitting proof of continued good health to LIC Life Insurance Company.