Sir I have invested Rs 50000.00 in LIC Policy in the year 2009 in my wife's name. Now that my wife left me 10 yrs back and am unable to trace her. I don't whether she is alive or not. Now I am 53yrs old(with no job) and want to encash the amount. kindly suggest me
Ans: If you are unable to trace your wife and she has left you, you may face challenges in accessing or encashing the LIC policy that is in her name. Here are some steps you can take:
Contact LIC: Reach out to LIC (Life Insurance Corporation of India) with all the details of the policy. Explain your situation and request guidance on how to proceed in the absence of your wife.
Legal Assistance: Consult with a lawyer to understand the legal options available to you. They can guide you through the process of claiming or transferring the policy if your wife is not reachable or if there are legal grounds to do so.
Family and Friends: Try to gather any information or documents related to the policy that might help in claiming or transferring the policy. If your wife has any close family members or friends who may have information about her, try reaching out to them as well.
Policy Details: Ensure you have all the policy details, including the policy number, date of commencement, and premium payment receipts, as these will be required for any further actions or claims.
LIC Branch: Visit the nearest LIC branch office and explain your situation. They may be able to assist you in identifying the policy status and guiding you on the next steps.
Declare Her Missing: If you have made efforts to locate your wife without success, you may need to take legal steps to declare her as missing or absent. This can be a lengthy process and may require court intervention.
Nomination and Assignment: Check if you are named as a nominee or assignee in the policy. If you are, you may have a better chance of claiming or transferring the policy. If not, you may need to explore legal options to gain access to the policy.
It's important to act promptly and seek professional guidance to navigate this complex situation. A lawyer specializing in insurance or family law can provide valuable advice and assistance in resolving this issue.
