How to settled claim in LIC policy
To settle an LIC policy, you need to submit specific documents based on whether it’s a maturity claim or a death claim. The process can be done online or at your servicing branch.
Many types of claim settle by Life Insurance Corporation of India.
Two types of Death claim:
-
Normal Death claim:- There are two types:
a. Early claim :-Before completion of 3 years from date of commencement or date of last revival.
b. Non early claim:- After completion of 3 years.
2. Accidental Death claim.
Documentation
Required claim form
We provide services to help people who are facing some problem with LIC death claim. Claim form no.3783, 3783A, discharge voucher, NEFT, Agent declartion are normally required.
KYC of Nominee or claimant
KYC of nominee or claimants with death intimation letter required to submit for first step of death claim.
Original death certificate
Original death certificate with xerox copy must carry with death intimation letter. Related LIC officer verify death certificate with QR code verification process and attested on xerox copy.
Relationship Proof in case of Death claim
Relationship proof must be submit when you file a death claim in LIC. eg Voter card, marriage registration certificate, bank pass book etc,.
Form submission
Arrange all the form with hospital or Doctors certificate of confirmation death also attach with other forms.
Follow up
After submitting claim must contact with agent or LIC office where you submit claim. You can also contact over phone for any further documentation or procedure advancement.
Benefits of Inforce Life Insurance Policy
Bonus Addition
Pay renewal premium in time. You can eligible for year end bonus. If your policy entitled for bonus. Also get some discount for new policy purchase. See the bonus chart of LIC.
Claim Settlement
Pay renewal premium in time. You can enable auto debit feature with your register bank account with NACH or e-NACH.
Loan Disbursement
You can get a policy Loan with your inforce policy. If your policy inforce for 3 years you can get Loan on that. Present interest rate of policy Loan is 9.5% pa. compounding process.
Assignment
LIC policy can mortgage when you taken a home Loan or any other mortgage Loan. If your policy is inforce then you assign your policy. In iregular policy these benefits are not avilable.
Settling a claim in an LIC (Life Insurance Corporation of India) policy is a straightforward process when you follow the right steps. Here’s a friendly guide to help you understand how it works:
🛠️ Types of LIC Claims
- Maturity Claim – When the policy term ends.
- Death Claim – In case the policyholder passes away during the policy term.
- Survival Benefit – For money-back policies at regular intervals.
- Surrender Claim – If you choose to discontinue the policy before maturity.
📋 Steps to Settle a Claim in LIC
1. Visit the LIC Branch or Use Online Portal
- You can either go to your servicing LIC branch or log in to the LIC Customer Portal to initiate the claim process.
2. Submit Required Documents
Depending on the type of claim, you’ll need:
For Maturity/Survival Benefit:
- Original policy document
- NEFT mandate form (if not already registered)
- Identity proof and address proof
- PAN card (for high-value claims)
For Death Claim:
- Original policy document
- Death certificate
- Claim form (Form 3783 or 3801)
- NEFT mandate form
- Proof of relationship (if nominee is not spouse/child)
- Medical records (if applicable)
3. Verification by LIC
- LIC will verify the documents and policy status.
- If everything is in order, the claim is processed quickly.
4. Payment via NEFT
- Once approved, the claim amount is directly credited to your bank account through NEFT.
✅ Tips for Smooth Claim Settlement
- Keep your NEFT details updated with LIC.
- Ensure nominee details are correct in the policy.
- Submit all documents in original or attested copies.
- For online claims, scan and upload documents clearly.