Good news for 29 crore LIC policyholders. Now you will be able to deposit your LIC policy anywhere in the country. If your policy is maturing or already matured you can submit your maturity claim in your nearest LIC office.
The service is being run on a trial basis till 31st March 2021. Anywhere claim would be beneficial for policyholders who are stuck in different cities due to lockdown.
LIC has instructed its 2048 branches across the country about this new change.
How will this work?
The facility will run in the background and the maturity payment will be made by the servicing branch only as usual. The Branch where you deposit your maturity claim will digitally transfer the policy documents to your servicing branch. In short, you can claim your maturity from anywhere in India and your servicing branch will process your claim after receiving digital documents from your nearest branch.
Life Insurance Corporation of India (LIC) has 113 div. Offices across the country and 2048 branches. Also, note that you will be able to claim only if your policy is maturing on or before 31 March. This facility is very convenient and LIC should make it a permanent facility.