New Delhi, Oct. 20 -- When an eligible individual submits the 'Certificate of Existence ', it helps the relevant authorities at LIC verify and ascertain that the individual is alive, thereby ensuring that eligibility for annuity payments is maintained and avoiding payment disruptions. The procedure and frequency depend on the selected annuity option.

That is why it is important for all individuals who are associated with LIC policies to clearly understand what a certificate of existence is, why it is needed, and how pensioners can submit it.

Let us look at the significance of the certificate of existence and its long-term benefits.

A 'Certificate of Existence' is also referred to as a life certificate. This document helps confirm that ...