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Insurance »Posted 5 Dec 2013             Click here for Free Legal Advice           Disclaimer

Legal questions & answers

how do I claim interest for an intimated but matured insurance policy


how do I claim interest for an intimated but matured insurance policy    My LIC policy got matured in the month of Feb 2013 but the same was not intimated to me and in the month of October2013 I received an intimation that a chq was issued and the same was not credited hence surrender the policy and receive the maturity amt
My question is how will the insurance co send a chq without receiving the policy from me.
Hence I need to know how do I claim interest for the delay in intimation by the ins co as well for false statement saying the cha was not credited


   Generally LIC Of India will send intimation to the policy holders in advance if the policy is going to mature in a month. Now a days the maturity amount will be credited through NEFT. For some polices discharge of certificate is not necessary. If the delay is on their part the Co will pay u interest.
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