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.
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Maturity Claim - Insurance Ombudsman www cioins co in/LIC/maturityclaim/MaturityClaim-Book8 pdf life insurance Policy no 28682349 for sum assured of Rs 5000/- from LIC of India The complainant stated that the maturity date of policy was 28-07-
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Group Savings Linked Insurance Scheme bdl-india in/sites/default/files/2020-01/15 20Group 20Savings 20Linked 20Insurance 20Scheme pdf accordance with the enhanced coverage by LIC since April 1993 An example in respect of maturity value has been given in Annexure 'B' which
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