Questions

Can I claim survival benefit in LIC online?

Can I claim survival benefit in LIC online?

a. Click on e-Services, login with your user-id and password. Register your policies for availing the e-services by filling up the form provided. Print the form, sign it and upload the scanned image of the form. Upload the scanned image of PAN Card or Aadhaar Card or Passport.

How can I get LIC survival benefit?

Survival Benefits: In case the policyholder makes it through the entire policy term, the beneficiary receives 20\% of the basic sum assured at the termination of the 5th, 10th, and 15th year of the policy. Additionally, accrued bonuses coupled with 40\% of the total sum assured are also provided to the nominee.

Can we submit LIC maturity claim online?

Due to lockdown and policy restrictions, LIC allowed its policyholders to submit maturity claim related documents online. The required documents were required to be scanned and then submitted via email to the servicing branch.

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What is survival benefit reminder in LIC?

Definition: Guaranteed survival benefits are benefit given to the policy holder during or upon completion of the policy tenure. Description: In the case of money back policies, a certain pre determined amount is paid to the insured after regular intervals. Survival benefit applies only in the case the insured is alive.

How can I claim my LIC policy if I lost my bond?

Immediately inform your insurer When you lose your original life insurance policy bond, you must inform your insurer at the earliest. Visit the nearest branch of your insurer and talk to concerned authorities regarding the loss. You need to submit an application mentioning the following details: Your name in full.

What is survival benefit and maturity benefit?

Money-back pay-outs are called Survival Benefits. These benefits are paid during the plan tenure and on maturity, the remaining Sum Assured is paid along with vested bonuses. However, if the insured dies during the plan tenure, the full Sum Assured is paid irrespective of the Survival Benefits already paid.

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What is survival benefit due?

Survival benefit is the amount a policyholder receives at the end of a policy term. In case, you survive till the end of your policy and the policy is active, it will take care of your financial needs by offering survival benefits. Survival benefits may include the followings: Your accrued bonuses.

How can I check my lic survival status online?

If you have an LIC policy and you can check details / status of your LIC policy via LIC portal (www.licindia.in) , by phone or by SMS. You can check the status of your LIC policy online by policy number, make the premium payment online, print receipt, check premium payment calendar, surrender value details, bonus etc.