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What happens to LIC policy after maturity?


Once the documents are sent to the insurance company, upon verification, the insurance company will process the maturity claim and make the payment to the policyholder. The maturity proceeds will be credited directly to the bank account of the policyholder after the policy maturity date.



How to claim LIC policy online?

The policyholder receives a maturity claim notification two months before the maturity date from the servicing branch and the policyholder is requi...

How can I get a maturity discharge form?

The policyholder receives a maturity discharge form one month before the maturity date of the insurance policy from the LIC.

What happens after the completion of the tenure of my LIC policy?

You need to submit the documents one month before the maturity date to the insurance company, then the insurance company will process the document...