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Sunday, May 16, 2021

Survival Benefit Claims

Some LIC  Plans like Money Back Policies provide for periodical payments to the policyholders provided premium due under the policies are paid up to the anniversary due for Survival Benefit. In these cases where amount payable is less than up to Rs.60, 000/-, amount are released without calling for the Discharge Form or Policy Document. However, in case of higher amounts these two requirements are insisted upon. 

 

Documents required

1.   Survival Benefit Discharge form no.5180

2.   Request letter for updating your Bank Details, if not provided earlier

3.   Personalized cancelled Cheque or Self-attested copy of Passbook /Self-attested copy of Bank Statement with IFSC and Bank Account number mentioned thereon

4.   Copy of PAN Card

5.   Copy of Address Proof

Click here to download SB Discharge form no. 5180

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