Get Lic Form For Claiming Hcbmsb

Status of LIC Policy after Death On the death of the life assured within the policy term, LIC shall pay out the sum assured on death as stated under the LIC policy. If premium payments were due, the corporation shall deduct the unpaid premiums from the benefit amount.

Maturity Claims: The servicing Branch usually sends maturity claim intimations two months in advance. Please submit your Discharged Receipt in Form No.3825 with original policy document atleast one month before the due date so that the payment is received before the due date of maturity claim.

How To Claim LIC Maturity Online? First, go to the LIC Life Insurance Official Website. Click on Claim Settlement Requirement in customer services. Then download the maturity claim form. ... If you have not received any intimation for your claim due in the next two months, please contact the servicing Branch immediately.

If someone other than the insured owns a life insurance policy, additional planning is needed. If the owner dies before the insured, the policy remains in force (because the life insured is still alive). If the policy had a contingent owner designation, the contingent owner becomes the new policy owner.

Online Forms The person legally entitled to receive the policy monies should give intimation of death of the policyholder to the servicing Branch. The requirement for the claim are as given below: Claim Form 'A' in Form No.3783. If policy has run for 3 years or more from date or risk, claim form no.3783A may be used.

The policyholder receives a maturity claim notification two months before the maturity date from the servicing branch and the policyholder is required to submit the discharged receipt in a form called Form No.3825 along with the policy documents one month before the due date.

A grace period of one month but not less than 30 days is allowed where the mode of payment is yearly, half-yearly or quarterly and 15 days for monthly payments. If death occurs within this period, the life assured is covered for full sum assured.

a) Claim form A – Claimant's Statement giving details of the deceased and the claimant. issued under M.W.P. Act. The following additional forms are called for if death occurs within three years from the date of risk or from date of revival/reinstatement.