How does LIC pays maturity amount?

POSTED BY Mr.Nilesh ON December 12, 2013 1:36 pm COMMENTS (4)

I 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


2. It hands over the account payee cheque in hand ?


4 replies on this article “How does LIC pays maturity amount?”

  1. ashalanshu says:

    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.



  2. Mr.Nilesh says:

    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?

  3. rockingguy says:

    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

  4. Sumit says:

    These days they directly credit to your account.

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