Lic surrender form 2026

1. Click ‘Get Form’ to open the LIC surrender form in the editor.
2. Begin by entering your policy number at the top of the form. This is crucial for identifying your specific policy.
3. In the section labeled 'On the Life of', provide the name of the insured individual. Ensure this matches official records.
4. Fill in the amount you expect as surrender value in the designated field, along with the date of submission.
5. Acknowledge receipt by signing where indicated and providing your full name and occupation. If applicable, include a witness signature and details.
6. Complete any deductions such as loan amounts or other charges in their respective fields to calculate your net surrender value.
7. If necessary, complete a Letter of Authority for payment to another person, ensuring all parties sign it in front of an authorized witness.

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