LIC Exit Interview Process Modification Guidelines
This document outlines the modified procedures for conducting exit interviews related to policy surrenders at LIC. It includes necessary steps to ensure policyholders are informed about their surrender options and consequences. Compliance with these instructions is essential for effective policy management.
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How do I fill this out?
To fill out this form, follow the instructions carefully. Start by providing your policy number and personal details. Complete each question truthfully to ensure accurate processing of your surrender request.
How to fill out the LIC Exit Interview Process Modification Guidelines?
1
Obtain the revised questionnaire and Discharge Form.
2
Fill in your policy number and personal information.
3
Answer all questions, especially regarding your reasons for surrender.
4
Sign where indicated to acknowledge your understanding.
5
Submit the completed form to your branch office.
Who needs the LIC Exit Interview Process Modification Guidelines?
1
Policyholders wanting to surrender their LIC policies.
2
Branch officials conducting exit interviews.
3
Customer service managers overseeing policyholder communications.
4
Insurance agents advising clients on policy surrenders.
5
Compliance officers ensuring adherence to LIC’s process.
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What are the instructions for submitting this form?
To submit this form, complete all fields accurately and sign where required. You can submit it directly to your local LIC branch office. Alternatively, you may scan the completed form and send it via email to co_crmps@licindia.com.
What are the important dates for this form in 2024 and 2025?
Key dates for this process include the issuance of the modified guidelines on August 13, 2021, and any updates released thereafter. Ensure proper documentation is collected ahead of the surrender requests in 2024 and 2025.
What is the purpose of this form?
This form serves a critical role in the exit interview process for LIC policyholders. It is designed to record vital information about the policyholder's reasons for surrendering their policy and ensure they are aware of the implications of their decision. By following the guidelines outlined in this document, LIC officials can facilitate a smooth and informative exit interview process.
Tell me about this form and its components and fields line-by-line.
- 1. Policy No: This field requires the policy number for identification.
- 2. Name of Policyholder: The full name of the policyholder must be entered.
- 3. Reasons for Surrender: Policyholders must select their reasons for surrendering the policy.
- 4. Signature of Policyholder: The policyholder must sign to confirm understanding of the surrender.
- 5. Contact Information: Includes fields for mobile number and email ID.
What happens if I fail to submit this form?
Failure to submit this form may result in processing delays for policy surrender requests. Policyholders could miss important deadlines, potentially affecting their financial outcomes. It's crucial to ensure timely submission to avoid complications.
- Delayed Processing: Not submitting the form on time can cause delays in policy surrender.
- Financial Loss: Surrendering without proper procedure may lead to unexpected financial disadvantages.
- Lack of Awareness: Policyholders may not fully understand their options without completed forms.
How do I know when to use this form?
- 1. Surrendering LIC Policy: This form is required to initiate the formal surrender of your LIC policy.
- 2. Conducting Exit Interviews: Branch officials use this form as a template for conducting exit interviews.
- 3. Policyholder Communication: Ensures clear communication between the policyholder and the LIC.
Frequently Asked Questions
What is the purpose of this form?
The form is used for conducting exit interviews for policyholders surrendering their LIC policies.
Who needs to fill out this form?
Policyholders intending to surrender their policies must complete this form.
How do I submit this form?
Once filled, submit the form to your local LIC branch office.
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Yes, you can edit the PDF using PrintFriendly's editing tools.
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Yes, you can electronically sign the PDF on PrintFriendly.
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You can easily share the PDF via email or other platforms directly from the PrintFriendly interface.
Is there a mobile-friendly option?
Yes, PrintFriendly is accessible on mobile devices for convenient use.
What if I have questions about my surrender?
Contact your LIC representative for assistance with your policy surrender queries.
Can I save my edited PDF?
Yes, after editing, you can download the updated PDF to your device.
What information is required in this form?
You'll need to provide your policy number, personal details, and reasons for surrendering.
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