When your LIC policy reaches its maturity date, you need to submit a set of documents to LIC to receive your maturity amount. Unlike death claims, maturity claims are processed proactively - LIC typically sends an intimation letter 2-3 months before maturity.

Documents Required for LIC Maturity Claim

  1. ▸Maturity Claim Discharge Voucher (Form No. 3825)
    • ▸Sent to your registered address by LIC 2-3 months before maturity
    • ▸Fill in your current bank account details and sign
    • ▸Get signature witnessed by a person known to you
  1. ▸

    Original Policy Bond

    • ▸The physical policy document issued when the policy was taken
    • ▸If lost, first obtain an indemnity bond (notarized) + apply for duplicate policy
  2. ▸

    NEFT Mandate Form (if not already submitted)

    • ▸Filled with your bank account number, IFSC code
    • ▸Attach cancelled cheque
  3. ▸

    PAN Card Copy

    • ▸Mandatory for maturity amounts exceeding Rs 1 lakh
    • ▸Required for TDS deduction/exemption calculation
  4. ▸

    Aadhaar / KYC Documents

    • ▸For identity verification
  5. ▸

    Cancelled Cheque

    • ▸From your bank account where you want the maturity amount credited

Steps to File Maturity Claim

Step 1: Wait for LIC's intimation letter (usually sent 2 months before maturity date)

Step 2: Fill the Discharge Voucher (Form 3825) - sign in the presence of a witness

Step 3: Submit all documents at your LIC servicing branch at least 30 days before maturity date

Step 4: LIC verifies documents, calculates final maturity amount (SA + accumulated SRB + FAB)

Step 5: Payment credited to your bank account via NEFT - typically on or just before the maturity date

What If You Haven't Received the Intimation Letter?

This happens if your address in LIC records is outdated. Log into the LIC portal to check your current address and update if needed. Then contact your branch directly.

Tax on Maturity Amount

Tax-free if: Annual premium is less than 10% of sum assured (all policies taken after April 1, 2012) - exempt under Section 10(10D)

Taxable if: Premium exceeds 10% of SA (e.g., a single-premium policy with SA of Rs 5 lakh but premium of Rs 4 lakh) - maturity amount is taxable as income

Most regular LIC endowment plans are tax-free at maturity. Consult your CA if unsure.

For maturity claim assistance and calculation of your final maturity amount, call Ajay Kumar Poddar at 9415313434.