BIG relief for LIC policy holders! Life Insurance Corporation announces this new facility for maturity claim payments

LIC Policy maturity claim payments: In a bid to mitigate the hardship faced by the Life Insurance Corporation (LIC) of India policy holders, LIC has allowed its Policyholders to deposit their Maturity claim documents at the nearest LIC office anywhere. Making life more easier for the LIC of India policy holders, the LIC made it clear that if a policyholder is in one city and the Policy document is of another City then, the documents can be deposited anywhere.

The LIC announced the maturity claim payments facility and said, "LIC has taken another giant leap in Customer centric initiatives to mitigate the hardships faced by Policyholders due to current circumstances of Corona Pandemic. In view of restriction in movements posed by Corona, LIC has allowed its Policyholders to deposit their Maturity claim documents at their nearest LIC office anywhere in the Country."

LIC has allowed its 113 Divisional Offices, 2048 Branches, 1526 Satellite offices and 74 Customer Zones to receive Maturity Claims documents from Policyholders whose Maturity payments are due, irrespective of the servicing branch of the policy. However, the actual Claim payment will be processed by the servicing branch only. The documents will be digitally transferred through LIC’s All India Network.

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In all these offices, officers have been especially authorized to facilitate this job. The policyholder can walk into any of the above offices of LIC and ask for an authorized officer for assistance in this regard.

See LIC of India official tweet:

LIC OFFERS MAJOR FACILITY FOR MATURITY CLAIM PAYMENTS TO POLICYHOLDERS. pic.twitter.com/wT4sk0fOpf

— LIC India Forever (@LICIndiaForever) March 19, 2021

This facility is available on a trial basis with immediate effect till 31st March 2021 only.