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Life Insurance
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How to ensure that the Form of Discharge of LIC is signed properly?
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be signed by:
The nominee in case a nomination exists in the policy, or
The assignee if the policy was conditionally or absolutely assigned, or
The holder (s) of legal representation obtained if the policy was neither nominated nor assigned, or
All the Class 1 heirs of the deceased policyholder according to the relevant personal law applicable if the Divisional office has waived proof of title.
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