Application to surrender LIC Policy: In modern days, most people insured their lives with Life Insurance policies of different companies. But in life, we face ups and downs. So, sometimes, we need to surrender our LIC policy before the maturity date.
For this, one has to follow some rules and regulations. He/She has to submit the necessary papers to complete the process with an application letter. So, here I am going to tell you how to write an application to surrender your LIC policy.
Here, we will learn how to write an application for surrendering LIC policy. So, let’s start.
Disclaimer: To know the actual process, please visit your nearest branch, or you may contact your LIC agent/agents. This is just how to write an application letter to surrender LIC policy.
For more application letters, please visit here.
Application letter in English to surrender LIC policy:
The Branch Manager
LIC of India/ Name of LIC Company
Subject: Application to surrender LIC Policy no 123456
Most respectfully, I wish to state that I opened a LIC policy on 01.01.2010 (or, in the year 2010) for a tenure of 16 years with a monthly premium of rupees 1200. I have been paying all the premiums regularly on time for the last 10 years. My LIC policy number is 123456. Now, I am in need of funds very badly. So, I want to surrender it and have the surrender value amount to be credited to the bank account mentioned below. The necessary documents in this regard are attached herewith for your kind perusal and verification.
Name of the Account Holder:
Name of the Bank:
Therefore, I shall be highly obliged if you kindly accept this application letter of surrendering my LIC Policy and transfer the surrender value to the said account at your earliest convenience.
Your Full Name
- LIC Policy Certificate
- Photocopy of Aadhaar Card
- Voter Card
- Pan Card
- Passport size Photograph (2 copies)
- Other documents you are attaching here.
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