Insurance claims

Querist : Anonymous (Querist) 30 December 2011 This query is : Resolved
My father has purchased a LIC policy when I was 8 years old, now i am 45yr the policy is due and have to be surrendered..
I do not remember the signature, how to go further

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Devajyoti Barman (Expert) 30 December 2011
Meet the LIC officials which would better guide you.
You may need Succession Certificate if your mother is now no more.

Piyush Vaishnava (Expert) 30 December 2011
the LIC is liable to pay regard this, so ask them about it. Normally they want a affidavit otherwise a succession certificate may get from competent court.

Deepak Nair (Expert) 30 December 2011
Yes, you may either need an affidavit or a succession certificate.
First of all speak to the authoroised person from LIC.

prabhakar singh (Expert) 30 December 2011
If policy is due,visit the office of LIC. Mismatch of Signature would not be a problem if you have your proper identifications as well as a bank a/c because payment would be made to you by a/c payee cheque and not in cash.IF YOU DO NOT HAVE ANY BANK A/C FIRST OPEN BANK A/C THEN SURRENDER THE POLICY OTHER WISE YOU SHALL FACE ENCASHMENT PROBLEM.
You do not need any succession certificate for payment of your own matured policy.