LIC Policy Document – What Every Policyholder Must Know

Your LIC Policy Bond – Reading Between the Lines

The LIC policy document is a legal contract. Key things to verify when you receive it:

• Name spelling: Exactly matches your Aadhaar/PAN
• Date of birth: Verify correctly recorded
• Sum Assured: Matches what agent promised
• Policy term and PPT: Matches agreement
• Nominee name: Correctly spelled, relation correct
• Premium amount: Matches calculation
• Commencement date: Policy start date

Any errors? Immediately inform LIC branch for correction — free of charge within 15 days of receipt.