Letter Format for Surrender of Life Insurance Policy

by Marisa on February 25, 2019

Life Insurance Policy has become very important for a secured future. But sometimes, due to urgent need of money, some people have to surrender it. For that, letter to surrender the LIC policy has to be written. Sample insurance surrender letter has to be written to formally submit this request. If you also wish to write a letter to surrender the LIC policy, you can use the sample Insurance letter of application to the branch manager for surrendering of LIC policy.

In this post, we have come up with LIC policy surrender value request letter format. With this letter format for surrender of life insurance policy, you can officially submit your request just by downloading this template in PDF or Word format.

Sample Insurance Surrender Letter for LIC Policy

From:

Rakesh Sharma
54 Gandhi Path
Karol Bagh
Delhi

Date: 25.02.19

To,

The Manager
Life Insurance Corporation of India
Delhi

Sub: Surrendering LIC Policy No. 123456

Dear Sir,

On February 5^th, 2005, I had opened a Life Insurance Policy with your branch. My LIC policy number is 123456 and till present date, all the premium stands clear for this policy. Due to some financial issues at my personal end, I am compelled to surrender this policy because I will not be able to manage this policy and moreover, I will have handsome amount of money which I will be able to use for handling the economic situations I am facing at the present.

Therefore, I request you to please consider this application as formal request for surrendering the LIC policy. Please feel free to contact me in case of any other formalities that are required to be completed in this process.

Please acknowledge the receipt of this letter. It is a humble request to please consider this matter and have the process completed at the earliest.

Thanking in anticipation.

Sincerely,
Rakesh Sharma