LIC Death Claim Process – Complete Guide for Nominees

LIC Death Claim – What Nominees Need to Know

Filing an LIC death claim during an already difficult time can be overwhelming. This guide helps nominees understand the process clearly.

Important: LIC's Claim Settlement Ratio

LIC settles 98%+ of death claims. It's among the highest in the insurance industry. If documentation is complete, LIC processes claims within 30 days.

Step 1: Intimate LIC Immediately

Contact the nearest LIC branch or the agent. Provide: Policy number, date of death, cause of death. LIC will provide a claim form (Form No. 3783 for natural death).

Documents Required

• Death certificate (Municipal Corporation issued)
• Original policy bond
• Nominee's identity proof (Aadhaar/PAN)
• Nominee's bank account details
• Medical certificate if hospitalization involved
• FIR copy if accidental death
• Post-mortem report if accidental

Early Death Claim (Within 3 Years)

If policyholder dies within 3 years of policy start: Additional documents required — medical records, hospital records, employer records. LIC may investigate more thoroughly for early claims.

Claim Amount

Death during term: Basic SA + accrued bonus + FAB (if final year) is paid. For accident benefit rider: Additional SA paid. For premium waiver rider: Future premiums waived (if child plan).

If Nominee is Minor

Claim is paid to the appointee (guardian specified in nomination). Appoint a trustworthy adult as appointee when nominating a minor.