I am holding a LIC policy which is going to be matured in another 15 days of time. I want to know how LIC will transfer the maturity amount. Will they directly credit the amount in my registered bank account or will they issue me a cheque to encash?
The amount will directly be credited to your bank account. While filling the form, you need to mention IFSC code of your bank, savings bank account number and you will also be required to attach a cancelled cheque and original policy bond.