POSTED BY December 12, 2013 1:36 pm COMMENTS (4)
ONI want to ask which mode is used by LIC to pay the maturity amount when policies matures ?
1. Is the amount credited directly to registered bank account
OR
2. It hands over the account payee cheque in hand ?
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Dear Nilesh, please inform your LIC branch office for the same and ask to enroll new bank account for your future payments. As simple as that.
Thanks
Ashal
The account number & cancelled cheque which i have given at the time of starting the policy,that account has been closed.then how can i get money?
It’s credited direct to your bank account. You have to fill in form with bank IFSC code, account number, etc and enclose cancelled cheque / original policy
These days they directly credit to your account.