Full Surrender Policy Number
Surrendering of the Policy
Policyholder’s Name
Address of Policyholder
Contact Number
Email ID
I hereby submit that I am the holder of an insurance policy no. ----------------------------- with Max Life Insurance Co. Ltd. ‘Max Life Insurance’.
I would like to voluntarily surrender and terminate the aforesaid Policy. I request you to please process the surrender request of my policy and
pay the applicable surrender value (if any) after adjusting applicable charges (if any), I understand that surrender of the Policy results in termination
of the insurance cover and benefits secured under my Policy.
Postal Address* (where the cheque would be dispatched), incase address is different from the policy, address proof is mandatory
DISCLAIMER: Max Life Insurance shall not be held responsible for delay or non – receipt of the cheque in case the postal address is
incomplete/incorrect in company’s Record
I Mr./ Mrs./ Miss _______________ s/o, d/o, w/o of _______________________aged _____, resident of ________________do
hereby declare and affirm that the details provided in this Form are correct and accurate. I do hereby agree to receive the fund
value payable under the policy terms and conditions, after deduction of applicable charges. Further, I confirm that the information
provided by me herein is true and correct .I confirm and stand indemnity towards MAX LIFE INSURANCE for any incorrect or
wrongful refund obtained by me.
Policy Holder Signature ______________________Date_________________ (DD-MM-YYYY) Place ___________________________
Vernacular Declaration ((To be filled if Customer has signed in language other than English / Affixed Thumb Impression)
I hereby declare that I have explained the contents of Surrender form/request letter to the Policyholder Mr/Mrs/Ms
________________________________in________________________Language and that the policy holder has affixed the thumb
impression(s)/signed in language other than English in my presence after fully understanding the contents thereof.
Name of the Declarant ____________________________________
Signature of the Declarant _________________________________
Address _______________________________________________
Date _______________
Employee ID (if vernacular is provided by Max Life Insurance employee) _______________________
Desired Mode of payment: Cheque Direct transfer to My Account (not applicable for NRE a/c)
Please provide details If “Direct Transfer to my Account” Selected (Kindly Fill in BLOCK LETTERS only)
Bank Name
Bank Branch Address
Bank Account Holder’s Name
Bank Account Number
MICR Code
(You can get this code from your chequebook, If it starts from “000” Please obtain correct code from your Bank Branch Valid for MICR enabled branch)
11 Digit IFSC Code
(
(You can get this code from your
chequebook. Please provide Bank attestation in case IFSC
code is not mentioned on the cancellation cheque )
Type of bank Savings A/c Current A/c Other
I have attached a cancelled blank cheque or its photocopy (Incase cancelled blank cheque does not bear account holder’s
name, please provide photocopy of bank statement / passbook or else bank attestation is required)
DISCLAIMER: MAX LIFE INSURANCE shall not be held responsible In case of non credit to your bank account with/ without assigning any reasons thereof
or if the transaction is delayed or not effected at all for reasons of incomplete/incorrect information. Further, MAX LIFE INSURANCE reserves the right to
use any alternative payout option including demand draft/ payable at par cheque inspite of you opting for Direct Credit option. Credit will
be effected based solely on the Policy Holder/beneficiary account number information provided by the Policy Holder/ beneficiary and the
Policy Holder/beneficiary name particulars will not be used thereof.
* Mandatory Information
For Max Life Insurance Office Use Only (All fields are mandatory to be filled)
Retention by CSE ______________________________________________________________________
______________________________________________________________________________________
Reasons for Surrender
No Agent for servicing Low Fund Performance / low returns Positive Market Movement Financial problem
Moving out of Country Policy sold as 3/5 Pay policy
Name of Receiver: _____________________________________________
Employee Code: _______________________________________________
GO Code/ Location: _____________________________________________
Request received Date*: ________ Time________ (to be filled Manually)
Signature verified*: Yes NO
Policy Pack Received Yes NO
Instruction:
It is important that for these electronic payment systems, the account holders name must match exactly the name with bank records as
well as with our policy records.
In cases where beneficiary's bank account number & name is printed on the cheque, bank attestation is not required. For all other
cases bank attested NEFT mandate is required.
The customer who is willing to transfer the funds will be required to provide the 11 digits valid IFSC Code, which is applicable for NEFT
only. (A number allotted to each participating banks branch of the branch where the funds need to be transferred.)
Cancelled cheque should be attached along with the NEFT format.
NEFT Form needs to be completed in all respect.
NOTE: As per RBI, all Banks/Branch need to give valid IFSC code for NEFT applicable for their branch only.
Max Life Insurance Co. Ltd.
3rd Floor, Operation Center, 90-A, Udyog Vihar, Sector-18, Gurgaon-122015, Regd office: Max House, 3rd Floor, 1 Dr. Jha Marg, Okhla, New Delhi-110020, India
Contact Details: Tollfree Customer Helpline:1800-200-5577 (from MTNL/BSNL),Other Networks: 2542001 (Dial STD Code 95124<from Delhi>, +0124<from other
cities>). Tollfree Claims Helpline: 1800-103-5678 (from MTNL/BSNL) Fax: 4239683 (Dial STD Code 95124<from Delhi>, +0124<from other cities>)
e-mail: [Link]@[Link] Visit us at: [Link]
CUSTOMER ACKNOWLEDGEMENT SLIP Ver 1.8
Policy Number
Type of request __________________________________________________________
Received by ______________________________ Date & Time of receipt ____________
Employee Code ___________________________ Signature _______________
