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I have LIC policy on my name and paying Rs.450/ as premium, which is deducted from my back account, every month on 10 th Day. This is my salary account. The above policy I bought from LIC office Bangalore. I am now moving to my home state Bihar. I wanted to transfer my LIC policy from Karnataka to Bihar. Could you please let me know the procedure of the same?
Thanks,
Rahul
Why you need to transfer?
If you wanted to pay the premium you can do it online.
What happen if you have transferrable job and you end up in very remote area where you have no access to LIC office?Quote:
Originally Posted by nimit
How are you going to claim?
You can go to the nearest LIC branch with an handwritten application and photocopy of the LIC policy/ policies you want to transfer.
This transfer normally take around 15 - 30 days, depending case to case to transfer policy from one branch to another branch.
Read More - Here.