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Annexure - II Form No. LIFE INSURANCE CORPORATION OF INDIA PROPOSAL FOR LIC 'S ENDOWMENT PLUS PLAN (UIN: 512L261V01) IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.

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When applying for insurance, a proposer has to fill out the proposal form of the life insurance company. The Insurance Proposal is an important document which provides the details of the proposer and the life assured and which is used as a basis to ascertain the insurability of an individual.

When you are going to sell a Life Insurance Policy on a life whose age is less than 18 years. Then LIC Form Number 360 is filled to propose on such life. A life under the age of 18 does not have its own income and as per the rules of the Government of India, such life is not considered an adult.

The minimum age for purchasing LIC new Endowment Plus Plan is 90 days while the maximum entry age is 50 years. The minimum maturity age is 18 years and the maximum age limit for the maturity of the policy is 60 years.

The death benefit provided by this policy will never be less than 105% of the premiums paid. If premiums are paid every year via the annual mode then the policy provides a discount of 2% on the premiums paid.

LIC Form Number 360 is to be filled by the parents of the maximum child. LIC takes the decision to issue an Life Insurance Policy on the basis of the information given in Form No. 360. Therefore, it is your great responsibility as the proposer to answer all the questions asked in Form No.

Form 5074 is the surrender discharge voucher. Fill the form 5074 and submit it with the relevant documents. Or else, courier the filled form along with relevant documents to the LIC's head office. The process will begin.

However, if you want to cancel your policy or ULIP before it matures, you need to complete the process outlined below: Step 1: Go to the nearest branch of LIC or visit the insurer's official website. Step 2: Download or take a printout of the 'Surrender Discharge Voucher' (LIC Form No. 5074) at the LIC office.

This is a unit linked Endowment plan which offers investment cum insurance cover during the term of the policy. You can choose the level of insurance cover within the limits, which will depend on the mode and level of premium you agree to pay.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232