August 31, 2012 1:39 pm
I am planning to surrender my LIC policies. Can anyone who has the experience tell me,
– any documents required in addition to Policy doc?
– How long they take to pay us the surrender value
– what is mode of payment? cheque?
Dear Karthik, normally in 30-40 days the cheque of surrender amount ‘ll be with you. In case you want the amount though ECS, you can update your bank details to LIC.
Thanks Ashal. I checked with the branch. It seems they make only NEFT payment through ECS. We need to provide our bank account details through this form http://www.licindia.in/pages/neft_format.pdf
Your email address will not be published. Required fields are marked *
Please subscribe me to your Email Newsletters
This site uses Akismet to reduce spam. Learn how your comment data is processed.
Download Our FREE Ebook!
Available only for first 100 people today
New here? Create an account