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.

What is current NAV of LIC Samridhi Plus ? - -Sandeep

Answers: Samridhi Plus is a Closed Ended Unit Link insurance plan available only for limited time period. Current NAV value is Rs. 10/- (Just starting) and will change as per market condition after closing of this policy. Anyone can start this policy till 10th May 2011 with NAV @ Rs.10/- then this policy will be closed and its NAV value will be change accordingly.

 If you wish start this policy, simply mail us on taxadvisor3@gmail.com with your details and our agents will call/visit at your doorstep.

Name:
Mobile:
D.O.B:
Address:

Read details of Policy Here.

How to change my Insurance policies correspondence address ?

If you want to change your present correspondence address, then you have to submit a self signature address proof to your servicing branch. For this you may contact your agent/advisor for help.

i want to surrender my Insurance policy, What is the procedure to surrender policy ?

If your policy is more than 3 years, then you can surrender your existing policy. Surrender values will be depend on your policy and number of total policy year and number of premiums you have paid. For details you can contact your servicing branch. But it is advisable that you will get more benefit/bonus on your policy after mature/complelte policy year.

To surrender your policy, you have to submit your policy bond paper, last premium paid receipt. And if your present address is different from then you have submit an address proof of your current address.

Who is eligible for tax benefit if i have taken a children policy for my daughter/grand daughter.

For every childrens policy, there will be a proposer of that policy. If you are proposer of that policy at the time of starting that policy then you are eligible for Tax Benefit under section 80C. A proposer may be any one of blood relatives.

How to check my LIC policy status online ? - Asked by Anjali

To check your policy details, premiums due date, premium amount or pay premium amount from online, you have to register your policy first. For this you have to kept Last premium receipt or Bond paper and not down user ID & passwords for future use.

For Registration help, read here

Which LIC policy is best for 27,28,30 year old and which policy I have to choose ? - Amit Sinha

Answer:
Amit,

It is right time to invest & take risk cover. There are different products of LIC of India according to your requirement. If you wish to invest for short term in Market Links then " Samridhi Plus" is best for you since it will give a guaranteed highest NAV for first 100 months or if you choose long term investment with lum sum return then choose Jeevan Saral/Jeevan Anand/Jeevan Shree etc. Read all popular policies here.

What is the benefit of LIC New Bima Gold policy and what is Loyalty addition bonus and FAB? - Bijentimala

Answer:
Insurance is must for Every Citizen of India. New Bima Gold policy is a money back policy with 50% extented term & risk cover. And Loyalty Addition Benefits are the interests/benefits given to policyholders of that particular policy depending on the companies profits at the time of maturity. And FAB is the Final Additional bonus given at the time of maturity to the policyholder.

How to calculate final Maturity value of LIC Jeevan Anand ? - Rakesh V

Answer:
Final Maturity Value for LIC Jeevan Anand is as follows:

Sum Assured+Bonus+Final Adittion Bonus
Suppose your S.A is 5,00,000 and term is 21 year and say Bonus rate as Rs. 55/1000
Then
Final Maturity= 5,00,000+577500 (55/1000*500000*21)+Final Addition bonus =10,77,500+ FAB declare at the time of maturity.

And another same Sum Assured amount is cover till death of policyholder. Read details of plan here.

Question: Please let us know when will you post cheque of LIC policy maturity? - Pooja Saliya

Details:  Respected sir/Mam,
I Miss Pooja saliya daugter of Ruxmani Saliya whose lic Maturity is in march requried documents are submitted 20 days ago, please let us know when will you post it.

Answer: Usually LIC sends post dated cheques for maturity of your policy in advance if you submitted required documents. If you didn't get your claim amounts cheque till today, please contact your servicing branches claim department.

Question: WHAT IS THE PRESENT POSITION OF ENDOWMENT PLUS ? - Milan Kumar Manna

Answer:
Dear Sir, Endowment Plus is an ULIP policy with minimum lock in period of 5 years which values are changes according to Market condition or minimum guaranteed return on maturity. It will gives you benefits in long run.

Question: We want to check LIC policy status online. - Varalakshmi

Answer:  Dear Policyholder,

To check your policies status online anytime, just register/enroll your existing policy to LIC's website http://www.licindia.in/NewUserRegistration.htm . If you need help step by step for new registration, read process details here and note your username and password for future use. Generally some policyholders create their username and password and forgot in the next month.

What is Bima account 2 (II) policy. Anyone please explain about LIC's Bima account I & II

Bima Account I & II are LIC's latest plans and w.e.f. 2nd Feb 2011 onwards. They are short term guaranteed interest rate+ and other benefits.

Details of plans read here....

What is the best Money back insurance policy ? Which is better LIC or SBI life ?

There are many different money back policies from different insurance companies. But as per me LIC's 20 year Jeevan Surabhi is the best plan.

Details of this plan read here....

What is mortality rate in insurance ? How does it effect the insurance premium ?

Mortality rate is standard rate of deaths per thousand. Every insurance company charge mortality from policyholders depending on Sum Assured of policyholder. Thus it effect insurance premium.

Write your Insurance related complains and solve problems with the help of experts.

If you are facing problems with your existing policy, then let us know and solve your problems as soon as possible.