NEFT (National Electronic Fund Transfer) is a compulsory form when you are taking LOAN , Surrender previous policy , Maturity of Your LIC policies etc. LIC transect of money only through NEFT to customers. Its a National wide system to transfer a Fund as per RBI guidelines.
How to fill NEFT form
Mention all policies numbers in the form .
Put bank details where You want Your money should come
Like
- Bank name
- Bank branch address
- Account types: saving/current
- Bank account no
- IFS CODE
- MOBILE NO
- EMAIL ID
Enclosed paper alongwith NACH
Cancelled cheque YOUR should be printed
OR
BANK PASSBOOK XEROX
PAN card zerox
Advantage of submitting NACH
Once you submit NEFT, LIC will never demand again for further transactions. No any extra charge made by LIC. Each payments from LIC through NEFT will create one unique transaction reference.
Where to submit NEFT Details
Servicing LIC branch : address is prescribed to policy BOND paper.
Customer zone: LIC has customer zone at different locations at several place. You may find customer zone near by to you.
Through EMAIL : you can mail with attachments of NEFT and cancelled cheque and PAN.