How Can I transfer my LIC policy to the nearest branch to me?
Yes, the LIC policyholder can transfer his Life Insurance Corporation (LIC) policy to another branch very easily. LIC of India provides this facility to policyholders who may have relocated or wish to shift their policy servicing to a more convenient location nearer to his home. The process is simple and can be completed without any additional charges.
Process to transfer LIC policy, follow these steps:
Visit the current branch: Submit a written request specifying the reason for the transfer and provide your policy details such as the policy number and personal information.
Submit required documents: You may need to submit proof of your new address if you're transferring due to relocation. Ensure your contact information is updated.
Approval process: The request is processed by the current branch, and upon approval, the policy is transferred to the preferred branch.
Alternatively, you can make the transfer request through LIC’s online services by logging into the LIC e-Services portal.