How to Fill LIC Form 300
Working as an Agent in Life Insurance Corporation of India (LIC) can be a powerful and successful career for you. But to achieve success in this path, the most important step for you will be that you have complete knowledge of filling the necessary forms of the corporation.
So in this article of Jeevan Bima Bazaar, we are presenting you complete information about filling LIC Form No. 300. LIC Form 300 is so important that if there is an error in this form, the corporation may even reject your customer's Death Claim. It has also been seen on many occasions that due to such negligence, the agency of LIC Agents has also been terminated.
So if you are a LIC Agent then you must have accurate knowledge of filling LIC Form No. 300. You should know what is the reasoning behind the questions asked in LIC Form No. 300 and what precautions should you take while writing the answers.
All these things have been explained in detail in this article. So you must read this article carefully and follow the information given.
What is LIC Form No. 300-
To buy New Life Insurance from LIC, the customer has to tell about himself. So that Life Insurance Corporation of India (LIC) can decide whether to give life insurance policy to the customer or not. One of the application forms (proposal forms) that one has to fill to buy new life insurance from LIC is LIC Form No. 300.
Is Form No. 300 the only form to be filled to buy Life Insurance from LIC?
No, Form No. 300 is not always filled to purchase a New Life Insurance Policy from LIC. There are some other popular Proposal Forms (Application Forms) for purchasing a New Life insurance Policy from LIC such as - LIC Form No. 340 and LIC Form No. 360. Subject to certain special terms and conditions, it is decided that which LIC form does the customer need to fill to buy a New Life Insurance Policy?
When is LIC Form No. 300 filled?
If the customer is 18 years of age or above and is eligible to deposit the premium of his Proposed Life Insurance Policy from his own earnings. So such a customer fills LIC Form No. 300 to buy any LIC Policy.
But this rule does not apply in some special policies of LIC. Like LIC's pension plans. There is a special form to buy such policies. Therefore, while buying a policy from LIC, you must find out which is the most suitable Proposal Form for the policy you want to buy?
Precautions While Filling LIC Form No. 300 -
Life insurance is a matter related to the future of your family. Therefore, you need to be very careful while buying any Life Insurance Policy. Life Insurance companies decide to sell any Life Insurance Policy on the basis of the information given in the Proposal Form, hence whenever you decide to buy a New Life Insurance Policy, you should fill the related Proposal Form very carefully.
While filling the Proposal Form, you should keep in mind that the information filled by you in the Proposal Form is verified by the concerned Life Insurance Company only under two conditions. First, when a Life Insurance Policy is issued on your life and second, when there is a Death Claim in your policy.
While issuing a Life Insurance Policy, no Life Insurance Company checks the facts given in the Proposal Form. But when there is a Death Claim in a Life Insurance Policy, the facts given in the Proposal Form are verified. In such a situation, if any information is found to be incorrect, incomplete or hidden in your Proposal Form knowingly or unknowingly, then your Death Claim can be cancelled.
While filling the Proposal Form, you must keep in mind that if a Death Claim arises in your Life Insurance Policy, you will not be in this world to present your case. Therefore, whenever you have to fill a Proposal Form to buy a Life Insurance Policy, you should fill the form very carefully.
Follow the following steps to fill LIC Form No. 300:
- First of all check your Birth Certificate (school certificate), Photo Identity Card (Aadhar card), Residence Certificate and Bank Pass Book. Check your Name, Address and other details carefully in all these documents. If there is any error in these, first get them corrected and then fill the form to buy a Life Insurance Policy.
- Check the Name and Date of Birth of the person whom you want to nominate in the Proposed Life Insurance Policy. If there is any error in these then first get them corrected and then fill the form to buy a Life Insurance Policy.
- Now read LIC Form No. 300 carefully and fill the form following the given instructions.
- Follow your documents (School Certificate, Aadhar card, Bank Passbook) while including the required information in the form.
- Give correct answers to all the questions asked in Form No. 300. Do not overwrite your answer and take special care of clarity.
- Put your signature carefully on Form No. 300.
- While filling the form, take help from LIC agent and follow the instructions given by him.
How to Find a Professional LIC Agent:
If you are a customer then you should take the help of a professional agent to buy LIC Policy. Because only a Professional LIC Agent can understand your needs and suggest a LIC Policy for you as per your needs.
Apart from the above, a professional LIC agent has the right knowledge about all the LIC's Proposal Forms, so if you choose a Professional LIC Agent, it not only guarantees that he can tell you a Best Insurance Policy. , but also guarantees that if a death claim arises under the policy, payment will be made in a convenient manner.
So if you are looking for a professional LIC Agent in your area then you should click on the button given below and select your area and contact the agent.
How to fill LIC Form No. 300:
We would like to present this information in the video on How to fill LIC Form No. 300. Because I feel that the information given through the article will not be that effective.
Complete information to fill LIC Form No. 300 is being given with the help of 2 videos. In the first video, information from page number 01 to page number 10 of Form No. 300 is given in detail.
The special thing about this video is that all the questions have been explained in such a way that you can understand what exactly LIC wants to know through these questions. So that you can guide the customer correctly to answer all the questions.
So watch the first video below carefully and get the benefit of the given tips.
In the second video that has been made to fill LIC Form No. 300, information from page number 11 to page number 16 of Form No. 300 has been given in detail. If you want to buy a New Policy From LIC, you are required to fill a suitability form along with form number 300.
This suitability form of LIC consists of total 4 pages. So in this second video, information about filling this suitability form of LIC has also been given in detail and it has also been told what is the importance of this form of LIC. So watch this video carefully and get its benefits.
Download LIC Form No. 300:
You can download and use PDF file of LIC Form No. 300 by clicking on below button.
Conclusion:
LIC Form No. 300 is a very important Proposal Form. This Proposal Form is used for buying and selling of many LIC Policies. Therefore, if you are a customer then our suggestion would be for you to take the assistance of a Professional LIC Agent while filling this form for the policy.
But if you are a New Agent of LIC, then our suggestion for you is that for the first time you fill the form in a rough manner and then get it checked by your development officer or CLIA. Correct the mistakes and repeat this process until you learn how to fill the form correctly.
I hope this article was useful for you. If you have any questions, you can ask your questions in the comments. Thank you
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