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Life Insurance - What are my duties as a policyholder of LIC?

27 Jan 2003

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As an LIC policyholder you must:

  • Intimate LIC of any change in your address at the earliest.
  • Check the nomination status under the policy and intimate changes, if any for speedy settlement of claims.
  • Pay premiums on time (wherever possible, availing facility to Metro/Wide Area Network/Internet/Online Payment) or take the assistance of your agent.
  • Revive the policy in case it is lapsed so that the valuable insurance cover is not lost.
  • Review yours as also your family's insurance needs periodically so that adequate insurance protection is ensured.
  • Intimate us your e-mail address, telephone and fax number to enable faster communication.
  • Register with designed banks/service providers for payment of premiums online/through internet.
Source: DWT BACK

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