Get Lic Form 3510

Surrender value is the amount that a policyholder receives from the life insurer when he or she decides to terminate a policy before its maturity period. Suppose the policyholder decides on a mid-term surrender; in that case, the sum allocated towards the earnings and savings would be provided to him.

Due to some financial issues at my personal end, I am compelled to surrender this policy because I will not be able to manage this policy and moreover, I will have handsome amount of money which I will be able to use for handling the economic situations I am facing at the present.

This is an Application Form 5704/3510 for the LIC policyholder who wants to surrender his/her life insurance policy or make a partial withdrawal from the policy fund and this form can be download from the link given below free of cost.

Select the document you want to sign and click Upload. Choose My Signature. Decide on what kind of e-signature to create. There are three variants; a typed, drawn or uploaded signature. Create your e-signature and click Ok. Press Done.

A maturity claim is one of the simplest claim procedures with minimal paperwork involved. Policy discharge form. Typically, the insurance company sends a Policy Discharge Form about one month before the maturity date of the insurance policy.

The first consists of details like the name of the policyholder, policy number, date of submission of the form, maturity date, signature, and address of the policyholder. On the second page, you need to mention the details of the witness along with the signature.

Guaranteed surrender value is mentioned in the brochure and is payable after the completion of 3 years. It is 30% of the premiums paid, excluding premium for the first year. ... Special surrender value = (Original sum assured * (No. ... Surrender value factor is a percentage of paid up value plus bonus.

Maturity Claims: 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.