lic surrender template

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a policyholder can surrender the lic policies after at least 3 years premiums have been paid. no surrender value is available if the polices are canceled before at least 3 years’ premiums are paid. though the lic surrender value differs in different policies but in most of the policies it is thirty percent (30%) of the total premiums paid – first year premium. it is advisable that you should think about the surrender of a lic policy after 5 years.

so a policy that has a term of 15 years and you want to surrender it after 10 years get you a surrender value almost 90% of the premiums paid. a policy that has at least 3 years premiums paid up and due to some situations the premiums could not be paid after that the policy is automatically converted into a paid up policy for a reduced sum assured. there a set format for the application letter for surrender of lic policy. a form needs to be filled in and submitted at your servicing branch to surrender the policy.

fill lic surrender form, edit online. sign, fax and printable from pc, ipad, tablet or mobile with pdffiller ✓ instantly. get and sign lic surrender form. assignment or reassignment in respect of the above policy/ policies except those, if please submit your discharged receipt in form no.3825 with original policy document atleast one month before the due , lic surrender template editable, lic surrender template editable, lic surrender template sheet, lic surrender template word, lic surrender template doc. how is lic surrender value calculated? how can i surrender my lic policy? how can i surrender my lic policy without original bond? how do i write a letter to surrender my insurance?

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