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Life Insurance

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Who should sign the Discharge Voucher of LIC under varying circumstances?

This table shows who should sign the form of discharge in respect of a maturity claim under different circumstances:

Circumstances Who should sign the Discharge Form
Policy on own life which has not been assigned The life assured
Joint Life policy which has not been assigned Both the lives assured
Policy which has been conditionally assigned Both the assignor and the conditional assignee
Policy which has been absolutely assigned The absolute assignee
 
 
 
 
 
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