If you hold a money-back or term-assured LIC policy, survival benefits are an essential part of your investment returns. These periodic payments are made during the policy term as long as the life assured is alive. But to receive them without delay or confusion, you need to ensure everything is in place—bank details, correct records, and policy updates.
I am Shankar Krishna Sawant, a certified LIC Insurance Advisor based in Bardez, North Goa. I help LIC policyholders like you claim survival benefit payouts easily and efficiently from my office at H No 585/4, Malim Betim, Penha de France, near Datta Mandir.
Survival benefit is the amount paid to the policyholder at regular intervals during the policy tenure. It applies to specific policies such as money-back plans or children’s education plans. For example, if your LIC policy provides payouts every 5 years, then you are entitled to receive the survival benefit at those intervals if your policy is active and your premiums are up to date.
This payment is different from the maturity amount or death claim—it’s a scheduled benefit that rewards you for maintaining your policy over time.
I often meet people who are eligible for a survival benefit but haven’t received it due to:
NEFT details not registered
Policy details not updated
Change of address or mobile number not submitted
Miscommunication from the branch
These delays can be frustrating, especially when you need the money for personal expenses like school fees, healthcare, or travel.
I offer complete support to ensure your benefit reaches your account without stress. Here’s what I do:
Verify policy schedule and eligibility
Ensure NEFT details are registered
Help submit any pending documents
Update email ID and mobile number
Track and follow up with the branch if needed
I also guide you on how to keep your policy active, which is crucial for receiving timely payments.
A policyholder from Betim recently approached me after missing two survival benefits. His NEFT registration had errors, and his email ID was outdated. I corrected the information, resubmitted the documents, and ensured he received both missed payouts in a few weeks.
Even though LIC sends survival benefits automatically, they depend on the information in your record. If anything is missing or outdated, you won’t receive the payment on time. By reaching out to me, you can avoid these issues and get what you rightly deserve.