Now maturity proceeds of LIC policies through Federal Bank

Federal Bank has signed a pact with the country’s largest insurer Life Insurance Corporation of India (LIC) for paying maturity / survival / money back  proceeds of policies.

Till now, the maturity / survival / money back proceeds were paid by cheques from the respective branch offices of LIC across the country and it used to be sent to the beneficiaries one month prior to the due date.

Now the proceeds will be credited directly to the beneficiary’s account by way of NEFT on due date.

All policy holders are advised to submit NEFT form along with a cancelled chq at their respective branches. Its Mandatory .

Click to download NEFT form

lic_jeevan_arogya

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s