LIC policy death Claim process. How to claim amount after death of policyholder ?

Death claim is divided into two types
i) Early death claim - Death occurs within 3 years from date of policy commencement.
ii) Normal death claim - Death occurs after more than 3 years from date of starting policy.


In case of NON EARLY DEATH CLAIM following documents are required :-


(1) death intimation mentioned date,place and cause of death


(2) policy document


(3) discharge voucher signed by nominee


(4) death certificate


(4) claim form A i.e 3783A


IN CASE OF EARLY DEATH CLAIM :-


all above document along with following


(1) last attending physician certificate form B & B1


(2) certificate of burial identity by a person who attend that funeral


Their is no any last date only in case of early claim ,form B must be lodged within a period of 120 days.

What is e-insurance account or insurance demat which was recently issued by IRDA ?

E-insurance accounts are electronic accounts of insurances. Under this policyholders will allow to hold policies of different insurers in a single account in electonic form.

Details read here....

Who can open e-insurance account in india ? What are require documents for opening e-account.

Any insurance policyholder or a prospective policyholder can open an e-insurance account. Opening an account will require identity proof/photo ID proof and address proof.

Details read here....

What is the surrender value of LIC Jeevan Saral/Jeevan Anand after lock in period of three years?

Answers:
Jeevan Saral/Jeevan Anand does not have an lock in period of 3 years. Such lock-in is only for ULIP plans.The surrender value will be 30% of all premiums paid except for premium of first year. The surrender value will be taxable income in your hand.

It is not advisable to surrender your current policy and advisable to continue at least 10 policy year to get good returns. Jeevan Saral like other endowment policies is a good mode of regular savings with moderate returns.

Read details of Jeevan Saral here
Read details of Jeevan Anand here

What is/are the benefits of LIC Jeevan Anand policy, please advise ? -Asked by Pradeep

Answers:

LIC's Jeevan Anand is one of most popular products from LIC. It's benefits are double maturity & risk cover upto 100 years or till death of the policyholder. This policy is also known as Zindagi Ki sath bhi Zindagi baat Bhi.

Suppose if you take policy for 20 year with Sum Assured Rs. 5 Lacs, and after 20 years you will get Rs. 5 Lacs+Bonnus for 20 year like other policies as maturity amount and another same Sum Assured amount i.e. 5 Lacs continues cover to policyholder upto 100 year or this amount will be given to nominee of policyholder at the time of his death.

Read policy details here

If you wish to start this policy, simply mail us to taxadvisor3@gmail.com

Your Name:

Your City:

Mobile No.

And our agents will callback/visiting your doorstep.