What is date of maturity in lic policy

The date at which your life insurance policy matures, i.e., comes to an end is known as the maturity date of the policy. On the maturity date, you are liable to receive all the maturity benefits.

How can I check my LIC policy maturity?

In order to check the maturity amount offline, the life insured can visit the nearest branch office and receive all kinds of assistance from the LIC employees. Customers with LIC pension plans can also avail these facilities through the online as well as the offline mode.

What is meant by maturity date in insurance?

The maturity benefit is a lump-sum payment made by the insurance provider when the policy has reached its expiration date. It simply implies that if your insurance policy has a 15-year term, you, the insured, will get a payout at the end of those 15 years.

Do we get LIC money after maturity?

Maturity Claims:\n\n 1) In case of Endowment type of Policies, amount is payable at the end of the policy period. The Branch Office which services the policy sends out a letter informing the date on which the policy monies are payable to the policyholder at least two months before the due date of payment.