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Sunday, 28 February 2016

Revocation provision for option of increased cover

DEAR ALL LIC PENSIONERS,
Arising out of the CO circular  No CO/PER/ER-A/120/2016 dt
26-2-2016,as the CO have not appended any  revised option form with
the circular,I suggest  that those of the pensioners  who exercise the
option for increased cover may add the following in the penultimate
sentence of the option form before submission to the OS dept:
"except in terms  of the CO Circular No  CO/PER/ER-A/120/2016 dt 26-2-2016".

After this addition,the sentence will read as follows:
"I confirm  that this option  is irrevocable i.e. cannot be revoked by
me  except in terms  of the CO Circular No  CO/PER/ER-A/120/2016 dt
26-2-2016".

Greetings.
C H Mahadevan

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