How to surrender LIC ULIP Policy

How to surrender LIC ULIP PolicyHow to surrender LIC ULIP Policy


How to surrender LIC ULIP Policy

  • Get the documents listed below into one file:
  1. Original life insurance policy document.
  2. Original premium payment receipts.
  3. Latest unit balance statement (you get this by post after each premium payment).
  4. Download this surrender request letter, fill-in your specific details, and print a copy.
  5. Get a copy of the S.V. Application and Form No. 3510/5074 either from your agent or from a nearby LIC office and fill it up.
  6. Photocopies of #1, #2, and #3 above.
  • This set of documents is what you’ll need to submit at the LIC Branch Office from where your policy was issued (you cannot submit them at any other branch office).
  • Wait for the check to reach you by Post.

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3 Comments on "How to surrender LIC ULIP Policy"

  1. Raghavaiah Dandu | June 9, 2014 at 7:20 am | Reply

    My daughter J.Sai Lakshmi wants to surrender the policy no. 641532508
    How much she will get on surrender and what is the procedure to follow.

  2. pradeep kumar | June 3, 2014 at 3:23 am | Reply

    I want to surrender my policy

  3. nitin shanker shukla | March 15, 2014 at 9:35 am | Reply

    my ulip policy metured in july/2013 total fund value 1,31,000.00 I want full payment of policy give advise

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