Get Lic Annexure 1 Query Form

Once the documents are sent to the insurance company, upon verification, the insurance company will process the maturity claim and make the payment to the policyholder. The maturity proceeds will be credited directly to the bank account of the policyholder after the policy maturity date.

Maturity Claims: The policyholder is requested to return the Discharge Form duly completed along with the Policy Document, NEFT Mandate Form (Bank A/c Particulars with supporting proof), KYC requirements etc. .

Death Claims: 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.

Maturity Claims: The Branch Office which services the policy sends out a letter informing the date on which the policy monies are payable to the policyholder at least two months before the due date of payment.

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 death benefit is claimed after the death of the policyholder within the policy tenure. However, if the policyholder survives the policy term, the life insurance policy offers a maturity benefit only if the policy is in force and all the premiums have been duly paid by the policyholder.

The claim for which a policyholder/life insured can apply for after surviving the complete policy term is called maturity claim.

The process is simple and can be done by following these steps: Visit the official website of LIC. Click on the “Customer Services” tab and select the “Claim Forms” option. Choose the Maturity claim form based on the policy type. Fill in the form with the required details and attach the necessary documents.