December 12, 2013 1:36 pm
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 ?
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.
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.
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