What is the procedure to claim LIC after death?

To start death claim filing process, the nominee is required to visit the home branch of LIC from where the policy was issued and inform them about the death of the policyholder. The branch official will give Form 3783, Form 3801, and NEFT forms for the transfer of funds into the nominee’s bank account.

How can I claim my LIC policy maturity amount?

02. Maturity Claims:

1. It is our endeavour to settle your maturity claim on or before the due date.
2. 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.

How do you get insurance money after death?

The terms of every life insurance policy are different, and regarding payout, the insured person can choose how the death benefit is to be paid. Apart from a lump sum amount, the death benefit can also be paid in monthly installments via ‘assured income’ to the beneficiary.

How do I inform LIC about death?

Step 1: Visit the home branch of LIC where the policy was issued and inform them about the death of the policyholder. Step 2: Fill in Form 3783, Form 3801, (issued by the branch official) and NEFT forms for the transfer of funds into the nominee’s bank account.

What is maturity claim?

Maturity Claim is associated with the Maturity Benefit of the Policy i.e. the claim which arises when the policy matures. It simply means that when the policy completes its tenure, a certain amount of money called Maturity Claim amount is settled towards the life assured.

How do I claim death insurance?

Formalities for a death claim

1. Filled-up claim form (provided by the insurance company)
2. Certificate of death.
3. Policy document.
4. Deeds of assignments/ re-assignments if any.
5. Legal evidence of title, if the policy is not assigned or nominated.
6. Form of discharge executed and witnessed.

What are the requirements to file a death claim with LIC?

The common requirements in both type of death claims ( early or non early) are as follows: A letter of death intimation containing date, place, No of LIC policy & reason of death from the nominee to the branch manager of the concerned branch. Claimant’s Proof of relationship with the deceased. Policy bond or document.

What is the process of filing a maturity claim with LIC?

Let’s take a look at the process involved in filing a maturity claim with the LIC. When a policy is approaching its maturity date, LIC sends out a policy discharge form to the insured. This is typically done at least a month before the date of maturity.

How to claim LIC after death of a customer?

Claiming LIC After Death 1 Go to the official website of LIC. 2 Select “ Customer Portal ” in the Online Services tab. 3 Then, select “ New User ” option. 4 You will be redirected to the new page. Complete the form and submit it.

What happens if the policy dies after the maturity period?

If the policy dies after the maturity period but before receiving the claim amount, the settlement amount will be paid to the legal heir or nominee. This maturity claim process applies only to policies that have maturity benefits and bonuses.