In this post you can find Lic surrender form, Lic neft mandate form, Lic maturity claim forms, lic death claim, LIC Survival Benefit Claim forms, lic revival forms download links in pdf format. You will also learn when you need to use these forms.
LIC Policy Surrender Form
This form 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.
You can download lic surrender form in pdf format from following link. These forms is uniform for all lic policies like LIC Jeevan Anand, LIC Jeevan Labh or any other policy you hold.
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.
You have to submit the following documents along with LIC Neft Form.
- Cancelled Cheque leaf
- If the cheque does not bear the name of bank account holder, you should submit photocopy of bank passbook
- Self attested copies of Aadhar and PAN Card
- If you wrote NRE bank account, enclose bank account statement certified by bank branch. The statement should contain all the entries of policy premium paid through this NER account.
Finally, policy holder should sign at appropriate place and submit it. You can download LIC Neft Form from following link.
Once policy claim benefit processing completed by LIC, it will remit the proceedings amount to the bank account you mentioned in neft mandate form. Usually it will take 3 to 4 days to receive funds in your bank account.
The funds transferred from LIC will contain a narration like ‘Neft LIC India’ with some other reference codes. You will also receive a confirmation sms from LIC India regarding funds transfer.
LIC Death Claim Form
The Nominee under a policy, can lodge a claim for payment of the death benefit in case of unfortunate death of the policyholder during the term of the policy. Death claims arising within 3 years from the date of commencement and/or date of revival will be investigated for suppression or withholding of facts material to LIC’s acceptance of risk – facts regarding disclosure of one’s current as well as past history of health, occupation, and income.
The nominee or any other legal representative of the assured must intimate LIC of the death of the life assured. Please note that, an e-mail intimation will only serve as information; it will not be acted upon unless a signed letter of intimation is physically received by LIC Servicing Branch Office.
Use Claim Form No.3783(A) if the policy has run for 3 years and above and for death claim of policies before 3 years from the date of commencement, use form no.3783
LIC Revival Forms
If the policyholder was not able to pay premium on the due date due to medical conditions or for any other reason, the policy lapses. Revival of a lapsed policy is considered for either on non-medical or medical basis depending upon the age of the life assured at the time of revival and the sum to be revived. A lapsed policy has to be revived by payment of the accumulated premiums with interest as well as giving the health requirements as required.
Download this LIC form F.No.680 for revival of Lapsed Policies on both Medical & Non-Medical basis.
This form is applicable for a policy on another life except for C.D.A. Plan with deferment period 10 years or more on the date of proposal or revival of a Policy. Do not use this form if the policy has vested in the life assured or has been assigned to the life assured.
Download this form for a policy on another life under C.D.A. Plan with deferment period 10 years or more on the date of proposal or revival f policy.
LIC Maturity Form
This form is used to claim maturity benefit. To get maturity amount before due date, you need to submit discharged receipt in form no.3825 with original policy document at least one month before the due date. Usually servicing branch sends maturity claim intimations two months in advance.
LIC Survival Benefit Claim Form
In Money back Plans and the erstwhile Anticipated Endowment Plans (now discontinued), the Survival Benefit falls due once every 5 years after the commencement of the policy – within the term of the policy. The quantum of the survival benefit depends upon the sum assured and the exact plan.
In Aspire Plans, an educational (survival) benefit is payable every year from the child’s 14th year to his or her 20th year – on the designated dates.
In these cases you will need to submit LIC Survival Benefit Claim Form.
These are very frequently used forms. Hope you learned basics of LIC Surrender, Neft Mandate, Maturity & Death Claim Forms and their usage. These are all LIC Policy related forms that you might need in future. If you have any doubt regarding these forms, please comment. I will try to answer. Thank You.