Policy Services
LIC Adyar - Policy Services
LIC Adyar initiative to provide you with on demand services of LIC of India within a few clicks! You can now have many of the functionalities that were available only at a branch office, online here at your fingertips – LIC Adyar.com.
LIC Adyar offer free services such as:
- Policy Revival
- NEFT Updation
- PAN Updation
- Policy Loan
- Nominee Updation
- Address Change
- Mode Change
- Nach Updation
LIC of India – Mission
“Explore and enhance the quality of life of people through financial security by providing products and services of aspired attributes with competitive returns, and by rendering resources for economic development.”
Policy Revival
A policy is said to be lapsed if premium is not paid for 6 months from the date of First Unpaid Premium.
Procedure for reviving the policy – Declaration of Good Health (DGH) has to be submitted (Should be witnessed by a person who is not a relative of the policyholder ) along with any one ID proof (Pancard, Aadhar Card, Driving License, Passport ) and the full unpaid amount
Policy Revival Form for different categories - Free Download
Declaration of Good Health (DGH) For above 18 Years of age – Form No.680
Declaration of Good Health (DGH) For ages between 10 to 17 Form No.700
Declaration of Good Health (DGH) For ages between 0 to 9 Form No.720
Policy Loan
A Policyholder can take loan in his policy after 2 full year premiums are paid.
Documents to be submitted:
- Original Policy Bond
- Loan Application Form
- Neft Form
- Photo ID Proof ( Pancard, Aadhar Card, Driving License, Passport ) Any one Proof
- Bank Account Details ( Cancelled cheque Leaf with Name Printed or Bank Pass Book front page)
Loan Application Form
NEFT Form
Policy Alterations
Alterations during the first year of policy
The following alterations are possible in the 1st Year of taking POLICY:
- Correction in Name/DOB if it happens to be the mistake of Office
- Change of address if Proper request with ID Proof/New Address Proof given by Client
- Change of NACH if Customer wants Monthly Debit from another Bank. Proof for the same to be submitted
- Nomination Change can be done. Proof of NEW NOMINEE not needed. Only KYC of Customer required
- Mode Change from MONTHLY NACH to other Mode possible in the FIRST YEAR.
- Any Other Mode Alteration allowed only after the end of 1st Year
Alterations after the first year of policy
- Riders like Accident Benefit Rider, AD&DB Rider & PWB Rider can be added after 1 year from the date of commencement.
- Addition of Accident benefit Rider for the Policy in the name of MINOR LIVES,after they completing 18 years of age
- PWB (Premium Waiver benefit ) RIDER for PROPOSER, we can add after 1 year from DOC.(Date of Commencement)
Change of Nomination
Nomination Change for existing Policies
A Policyholder can change the nominee of the policy at anytime in between the term of the policy
Procedure to change the Nomination
- Original Policy Bond
- Change of Nomination Form ( 2 Copies )
- ID proof of the Policy holder
- Transaction Fees Rs.100/-
Form of Notice of Change of Nomination
Form of Nomination - For Minor Nominee
Fresh Nomination
If the minor policyholder completes 18 years of age, fresh nomination has to be registered
Documents Needed:
- Original Policy Bond
- Fresh Nomination Form
- ID Proof
- PHS 42 (Specimen Signature Form)
- Transaction Fees Rs.100/-
Duplicate Policy
How to get the duplicate policy?
- Request Letter from Customer
- Query Form in Annexure-1
- Indemnity Bond in Form No.3756 duly Notarized
- 1 ID Proof + 1 Address Proof
- Nominal Fees (Around Rs.125) in Cash Counter
Indemnity Bond in Form No.3756
For Settling Maturity / Death Claim
- Request Letter
- Query Form in Annexure-1
- If Claim is < Rs.5000, no Indemnity
- If Claim > 5000 but < 10000, then Indemnity letter in 3815-A
- For Claim above 10000, Indemnity Bond in Form No.3815 duly Notarized
- 1 ID Proof + Address Proof
For Settling Surrender Value
- Request Letter
- Form 3815 duly Notarized
- 1 ID Proof + Address Proof
Indemnity Bond in Form No.3815
Indemnity letter in 3815-A
Indemnity letter in 3815-B
Maturity Claim
For Maturity Claims, the discharge Voucher is sent well in advance to our Customers. The following requirements are to be submitted in respect of MATURITY CLAIM.
- Original Policy Bond
- Discharge Voucher
- NEFT Particulars with Proof
- ID Proof
Kindly use the editable version of Maturity Form to fill and sign. Send it to [email protected] along with required scanned documents
Maturity Claim Form
Editable Version - Form No. 3825
Specimen Signature Form
Survival Benefit Claim
This is associated with MONEY-BACK type of Policies. Moneyback condition.
The following are the requirements for getting SB CLAIM:
- Original Policy Bond for Endorsement
- Discharge Voucher
- NEFT Particulars with Proof
- ID Proof
Want to know more! Get Your Free Consultation TODAY!
Mrs. M. Porkodi., B.Com., A.I.I.I.,
Development Officer - LIC of India
“It’s all about making the right choice at the right time to be Financially Free and Successful”