Policy Servicing

Cooling off LIC Policy LIC policy returned | Within 15days of Policy bond receiving | Documents required | Request Letter | Bank Details A “cooling-off period” refers to a specific period of 15days during which a policyholder can cancel his life insurance policy and receive a full refund of the…

Revival of LIC Lapsed Policy Procedure | Forms | Type of Revival | Grace Period | Documents Required When the premium of inforced policy is not paid timely that is on the due date or within the grace period, the LIC policy got lapsed. Lapsation means risk cover is stopped…

How to surrender LIC policy? What is closing, cancellation or surrender of LIC Policy : Prematurely closing lic policy- When someone is closing LIC policy before completing the term / before maturity. Surrender is possible only if the policy has acquired paid up value.  It is called the surrender of…