Due to all the restrictions imposed due to Corona, people are facing difficulty in knowing where to come and in view of this, LIC or Life Insurance Corporation has given its policy holders their maturity claim document, anywhere in the country, to their nearest LIC office. The facility of depositing in The facility will be available on trial basis till 31 March with immediate effect.
LIC has allowed its 114 divisional offices, 2048 branches, 1526 satellite offices and 74 customer zones to collect their maturity claim documents from their policy holders who have maturity payment due. Even if the servicing branch of his policy is a different one.
However, in this regard LIC has said that the process of payment of the actual claim will be done only by the servicing branch of the policy. The document will be digitally transferred through LIC’s Pan India network.
In a statement issued in this regard, LIC has said that in all these offices, officers have been instructed that they are authorized to complete this work. The policy holder can visit any of the nearest LIC offices and meet the authorized officer to get help in relation to his policy.
The facility will be available on trial basis till 31 March with immediate effect. LIC has currently sold 29 crore policies. The company has recently launched a scheme called Bachat Plus.
This is a kind of personal savings scheme. Which offers both protection and saving. Under this plan, if the policy holder dies, his family gets financial support even if the policy is not matured.
Under this, the surviving policy holder gets a lump sum on the maturity of the policy. Under this, the policy holder can either pay the lump sum single premium or pay the premium in installments over a period of 5 years. Under this, the minimum basic sum assured is Rs 1,00,000 without any upper limit.
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