The LIC 700 form is a crucial document for individuals who wish to purchase a life insurance policy from the Life Insurance Corporation of India (LIC). Filling out the form correctly is essential to ensure that your application is processed smoothly and without any delays. In this article, we will guide you through the 5 easy steps to fill the LIC 700 form correctly.
Step 1: Understand the Form Requirements
Before you start filling out the LIC 700 form, it's essential to understand the requirements. The form typically consists of several sections, including personal details, medical history, and policy details. Make sure you have all the necessary documents and information readily available, such as your ID proof, address proof, and medical reports.
Personal Details Section
The personal details section is the first part of the LIC 700 form. This section requires you to provide your personal information, including your name, date of birth, age, and contact details.
- Name: Write your full name as it appears on your ID proof.
- Date of Birth: Enter your date of birth in the format DD/MM/YYYY.
- Age: Calculate your age based on your date of birth.
- Contact Details: Provide your contact details, including your phone number and email address.
Example:
| Field | Example |
|---|---|
| Name | John Doe |
| Date of Birth | 12/05/1990 |
| Age | 32 |
| Contact Details | 9876543210, johndoe@example.com |
Step 2: Fill Medical History Section
The medical history section is a critical part of the LIC 700 form. This section requires you to provide information about your medical history, including any pre-existing medical conditions.
- Medical Conditions: Disclose any pre-existing medical conditions, including diabetes, hypertension, and heart disease.
- Medical Reports: Attach any relevant medical reports or test results.
Example:
| Field | Example |
|---|---|
| Medical Conditions | Diabetes |
| Medical Reports | Attached blood test reports |
Step 3: Provide Policy Details
The policy details section requires you to provide information about the policy you wish to purchase.
- Policy Type: Choose the type of policy you wish to purchase, such as term insurance or whole life insurance.
- Policy Term: Enter the policy term, including the start and end date.
- Premium Amount: Calculate the premium amount based on the policy term and type.
Example:
| Field | Example |
|---|---|
| Policy Type | Term Insurance |
| Policy Term | 10 years |
| Premium Amount | ₹10,000 per annum |
Step 4: Fill Nominee Details Section
The nominee details section requires you to provide information about your nominee.
- Nominee Name: Write the full name of your nominee.
- Nominee Relationship: Enter your relationship with the nominee.
- Nominee Contact Details: Provide the contact details of your nominee.
Example:
| Field | Example |
|---|---|
| Nominee Name | Jane Doe |
| Nominee Relationship | Wife |
| Nominee Contact Details | 9876543211, janedoe@example.com |
Step 5: Review and Sign the Form
Once you have filled out the entire form, review it carefully to ensure that all the information is accurate and complete. Sign the form in the presence of a witness and attach all the required documents.
By following these 5 easy steps, you can fill the LIC 700 form correctly and ensure that your application is processed smoothly. Remember to review the form carefully and attach all the required documents to avoid any delays.
We hope this article has helped you understand how to fill the LIC 700 form correctly. If you have any further questions or concerns, please feel free to comment below.
What is the LIC 700 form?
+The LIC 700 form is a document required for purchasing a life insurance policy from the Life Insurance Corporation of India (LIC).
What are the requirements for filling the LIC 700 form?
+The LIC 700 form requires personal details, medical history, and policy details. You will also need to attach relevant documents, including ID proof, address proof, and medical reports.
How do I review and sign the LIC 700 form?
+Review the form carefully to ensure that all the information is accurate and complete. Sign the form in the presence of a witness and attach all the required documents.