Not disclosed Details: What to do the LIC Policyholder ?


The policyholder have not stated the nature of details that was not disclosed at the time of proposal.

The policyholder can contact the respective LIC of India Branch office where the policyholder  have taken the policy and inform the details of  non-  disclosed items with available proof at any time after the completion of proposal.

 Based on the information furnished now,  the premium & terms of policies may be changed.

If the information disclosed is not a material information, the agreed terms may not be changed & may be allowed to continue on existing terms.

Disclosing the undisclosed information even after completion of policy is better, as it will help the insurer render better service in future.


Share:

No comments:

Post a Comment

Popular Posts

Blog Archive

Recent Posts

Featured Post

Market Outlook 2025 Top Share Picks : Motilal Oswal Wealth Management

Market Outlook 2025: Motilal Oswal Wealth Management The year 2025 could unfold as a tale of two halves. The first half may continue t...