Sample letter of application to the Branch Manager for transferring LIC premium payment from one branch to another

Life insurance has become one of the fundamental needs that a common person must have in order to secure the future of his/her family. It is a kind of contract that legally binds the company to pay a predefined amount to the policyholder/nominee provided the later has timely handed over premium to the company. LIC is the largest insurance company in India with a number of plans to choose from. It has a big customer base that pays their premium in timely manner through various modes. This is a simple application letter to the Company Manager for transferring LIC premium payment from one branch to another. The article addresses the question of properly presenting the request to the concerned person. The letter may be modified according to the situation and preference.

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To

The Branch Manager

LIC

Branch Name

Address of LIC

Sub: Application for transferring LIC premium payment from one branch to another

Dear Sir/Madam,

                              I have a Life Insurance policy in your [LIC, Branch name] which is [Policy Number]. I would like to bring to your notice that I have been posted at [Destination1] from my previous work place [Destination2]. As such, I would request you to humbly transfer my LIC account form [Destination2] to [Destination1]. It would save me a lot of time in postal delay and such while helping me to pay my premium in time from my place of work.

                               I would be very much happy to oblige any other formalities required by the Company. I would personally visit the company branch and provide any other necessary documents as and when required. In case, the company requires any other clarification, I can be contacted at [mobile number] or by email [email address].

                                     It would be a kind gesture on your part if you could clear the matter at the earliest. Kindly acknowledge the receipt of the letter.

                                     Waiting for a positive response,

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                                                                                                   Yours faithfully,

                                                                                                    Your Name

                                                                                                    Your Address

Date:

Place: