• How To Get Duplicate Bond From LIC

    Life Insurance
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    Easy ways to get your duplicate LIC policy

    When you buy a policy from LIC, the company issues a policy bond that contains all the details about your coverage. This policy bond or document is proof that LIC has accepted your proposal. This document must be kept safe through the course of the entire policy term. If the LIC policy bond is misplaced due to some unknown reasons, the company allows customers to get a duplicate copy of their policies from the home branch where the policy is issued.

    Why is it important to have your policy document?

    LIC requests its customers to keep the policy bond safe. It also requests customers to keep their family (spouse, children, etc.) informed about the policy. A policy bond contains vital information like policy number, coverage information, claim details, etc. The reasons why you must have your policy documents safely with you are listed as follows:

    • Your policy document is required at the time of claim settlement. It must be submitted to the company along with your claim request form and other document proofs.
    • If you are availing a loan on your policy, you need to submit the policy document to the company. In this case, you need to hand over the policy document to the company. Before you submit your policy, make sure that you have taken a copy of the document.
    • If you wish to update any key details in your policy, you need to submit the policy bond to the company before updating the details.
    • Any correspondence with LIC requires the unique identification number that distinguishes your policy from others.

    What happens if you lose your policy?

    If you lose your policy under unexpected circumstances, you need to know that the coverage will not be void under any circumstances. As long as the premiums are paid on time, LIC has the obligation to honour all your claims. If you are applying for a loan from LIC, you need to submit your policy document to the company. For this purpose, it is important to have your policy document with you. If you are making a claim request after the loss of your policy, you can do so by providing an indemnity bond on stamp paper along with a declaration of surety.

    How to apply for a duplicate policy?

    Before you apply for a duplicate policy, conduct a thorough search of your house for the documents. Also, check whether you have submitted your policy document anywhere for the purpose of getting a loan. If the document is partially destroyed due to reasons such as flood, fire, or other natural disasters, you can submit the partial document to LIC while applying for a duplicate document. It should be noted that the application for a duplicate bond can be submitted only at the branch where you have purchased the policy. The following list of documents must be submitted while applying for a duplicate policy bond:

    • Proof of an advertisement in an English newspaper (having circulation across the state) regarding the loss of policy document
    • An indemnity bond on stamp paper
    • A loss of policy questionnaire (form no. 311)
    • A declaration of surety (if the sum assured exceeds Rs.50,000)
    • Discharge form (in case of a claim)
    • Photo ID
    • Proof of residence

    It must be noted that the newspaper advertisement is not required if the policy document is damaged. Stamp duty charges for the application must be paid at the prevailing rate. In addition to this, the customer must also pay a minimal charge for obtaining the duplicate policy document. Once these documents are submitted to the company, the company will verify the policy details and issue the duplicate bond to the policyholder.


    Your policy bond is a vital piece of document issued by LIC, and it must be kept safe without a doubt. However, even if you lose your document, it shall not prevent you from getting the benefits offered in your scheme. During the instances of getting a loan or survival benefit, it is necessary to hand over the policy document to LIC. Hence, it is mandatory to apply for a duplicate bond in case you lose it. You may follow the above procedure and visit the branch directly for getting a duplicate policy document. Alternatively, you may also contact your agent and enquire about the ways of getting a duplicate policy.

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