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. Even though most people try to continue with their LIC policy,
but some may be forced to close the LIC policy due to some urgent need of
money. This is a simple application letter to the Branch Manager for closing a LIC
policy. 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.
To
The
Branch Manager
LIC
Branch
Name
Address
of LIC
Sub: Application for surrendering of LIC policy
Dear Sir/Madam,
I had opened a Life Insurance policy in your
[LIC, Branch name] on [Date]. The policy number is [Policy Number] and the
premium for the said policy is all cleared till date. I would like to bring to
your notice that currently my economic condition is not sound enough to
continue with the above mentioned policy as a significant amount of money has
been used for some unforeseen circumstances. As such, I would request you to
humbly close my LIC policy at the earliest.
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,
Yours faithfully,
Your Name
Your Address
Date:
Place:
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