26 Dec In ordered to surrender the LIC POLICY, the LIC POLICYHOLDER needed to submit the surrender form duly signed by the POLICYHOLDER on. 27 Jul – Online Insurance, Life Insurance, Car Insurance, Health Insurance, Mediclaim, PA, Travel Insurance, Home Insurance. Online Forms. LIC’s Pensioner’s Page. Claims Under Regular Life Insurance Policies Death Claims: The person legally entitled to receive the policy monies.

PolicyWala.com - Online Insurance, Life Insurance, Car Insurance, Health Insurance, Mediclaim. + Download: LIC Form - 5074 & 3510 - for Surrender Value Report File. Tel.: 40391600. Member of the Life Insurance Council. For more details on the risk factors, term and conditions please read the product brochure carefully before concluding the sale. Trade Logo displayed above belongs to ICICI Bank Ltd & Prudential IP services Ltd and used by ICICI Prudential Life Insurance Company Ltd under license. A policyholder can surrender the LIC policies after at least 3 years premiums have been paid. The surrender value of policies being surrendered within the first 3 years of taking the policy is zero. No surrender value is available if the polices are canceled before at least 3 years’ premiums are paid.

Surrender Form Form No 5074 3510

In case your Cheque Book does not have your name, enclose a copy of the first page of your passbook This will indicate that that you are the rightful owner of that Savings Account. Also, can my agent help me cancel the policy or do I need to follow the steps you mentioned for a speedier refund?

This policy required me to pay Rs 25, each year for 20 years for a life insurance cover of RsTake out what ever u get and get out of LIC and take a term insurance. If you are cancelling your policy you would not need the original policy document anyways.

You should check with a local LIC office directly. Check it out Log in to Reply. Post office MIS 6. You can check this at the nearest LIC Surrencer. I post one article in this series every Friday.

Downloads: LIC Form – 5074 & 3510 – for Surrender Value

I paid a total of Rs. Neeraj Sinha February 21, at Please do atleast min 4 post per day. Shweta Minotra December 6, at 2: So there is almost no gain. But if you take Jeevan Anand plan of Rs 20 Lakh coverage for 20 year, and your age is 27 year, your yearly premium will be around Rs 1 lakh. To surrender my policy, can i use Sambalapur surrendet form.

Waiting for the redirectiron

It is a very easy and simple process and officials are very helpful. The Downloads section has everything but the Policy Surrender Forms. Please do this analysis before closing any of your policies. Tough choice to make. Anonymous May 29, at 3: Nair, The point is you are not losing it, you have already lost it the moment you took the policy. You can also submit these documents through your LIC Agent if you are remotely located.

Reality-check, Do not fool people. Do a cost benefit analysis and then make a call.

Xurrender there any chance of withdrawing my money? Really great, hats-of to you. Neeraj Sinha March 15, at I too have made a mistake in taking this policy 21 yrs, 5 lakhs from a relative. I would suggest you walk down to the nearest LIC office and speak to them with the procedure.

There is very limited information about surrendering an LIC policy on the website so the online options are very limited for closing or surrendering an LIC policy.

I’d love to hear your opinion. You indicate that it was better if you have invested money some where else apart from LIC jeevan anand or purchased costly laptop or fancy bike whatever.

surrrender

Go ahead any buy the latest iPhone5 which will be launched in sometime at Bala, please check this at the nearest LIC office. Here is what you can do to surrender your policy: So pls stop misguiding people.

Bala Subramanian October 15, at 5: Procedure is available on this website. I have taken jivan Tarang policy with pre premium of Hello, Not just LIC.

Lic Of India Policy Surrender Form Download

This only documents the procedure of doing so, should you ever feel the need, depending on your financial situation. Please check with your nearest LIC office. So using 2nd method, by Rs 30, per year you can get 20 lakh life insurance coverage and return of Rs 28 lakh after 20 year, The best thing is, you can use your invested money in equity at any time in emergency.

Should I surrender all these 20 policies?. Awareness Fridays is my initiative to spread awareness on personal finance.

You also need to enclose a cancelled cheque Do not strike on the Account Number of Branch Address on the cheque.

Again, in Formthere is a signature field below Revenue stamp, next to witness details. Even in case you do not get a single rupee paying another premium is waste of money.

2.download Lic Policy Surrender Form No.5074