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Maturity/Survival

LIC of India      Change Insurer
        • 1 Visit the nearest Branch and kindly carry the following documents:
          • Request Letter/Policy Servicing Form (available at branch)
          • Original Pre-printed cancelled cheque
          • Original Policy Bond (If case of Maturity)
          • Standard ID proof of Proposer
        • 2 Acknowledgment of the Maturity/Survival Benefit will offered by the insurer
          • 3 All documents should be self attested and submitted at
            Submit
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            Important Things to Remember

            • Original policy document is required to claim the maturity amount. If missing/lost/not available, indemnity bond in lieu of the original policy document is required.
            • TDS will be applicable as per provisions of section 194DA of Income Tax Act @2% in case valid PAN is provided, however, rate will be charged @ 20% in case valid PAN is not available with the Company.
            • If there is any other request along with the maturity, like Address change, Bank details change or indemnity bond for lost policy then that request would be executed first, followed by a cooling off period of 15 days from the letter date and then fresh payout request to be done.

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            Maturity benefit refers to the amount received by a policyholder or nominee on the maturity of a policy. To know how to receive this benefit, contact OneInsure by dropping in your details below.
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