Get Application For Surrender Of Policy - Idbi Federal

Filling out the Application For Surrender Of Policy - IDBI Federal is a crucial process for policyholders considering surrendering their life insurance policy. This guide will provide you with step-by-step instructions to complete the form effortlessly and accurately, ensuring you understand each section.

Follow the steps to complete your application successfully.

1. Click the ‘Get Form’ button to obtain the Application For Surrender Of Policy and open it for editing.
2. Begin with the policy information section. Enter your policy number in the designated field as it appears on your policy document. This is essential for the identification of your policy.
3. Next, provide the policy owner's name. Fill in your first name, middle name (if applicable), and last name in the respective fields.
4. Enter your contact details, including your mobile number and landline number with the STD code. Ensure that these are accurate for further communication.
5. In the email ID field, write your email address so that the company can reach you regarding your application status.
6. State your reason for surrendering the policy by selecting one of the options provided or specifying another reason in the available space.
7. Complete the Identification Details section by entering your PAN number, Aadhar number, CKYC number, and EIA number as requested.
8. Navigate to the documentation section. Indicate whether you are a citizen of the USA or a tax resident of another country by selecting 'Yes' or 'No'. If 'Yes', be prepared to submit the necessary FATCA_CRS form.
9. Confirm that you have submitted the required documentation such as the policy document, indemnity bond, cancelled cheque, and photo ID proof. Check the corresponding boxes.
10. Fill in your bank details for the payout. Include your account holder name, bank name and branch, account number, account type, and IFSC code.
11. Review the acknowledgment slip information by confirming the policy number, and the time of request submission.
12. In the declaration section, read and sign where indicated. This section confirms your understanding of the implications of surrendering the policy.
13. If applicable, fill out the declaration by the person filing the form on behalf of the policyholder. Ensure to include their signature and the date.
14. Once all fields are completed, review the entire form for accuracy. Save your changes, then download, print, or share the form as needed.

Complete your documents online to ensure a smooth surrender process of your policy.