Table of Contents
How can I get new LIC Bond?
How to apply for a LIC duplicate bond?
- Placement of advertisement.
- Submit the Indemnity Bond.
- Fill the loss of policy bond questionnaire.
- Submission of Bond, Questionnaire, and Documents.
- Issue of duplicate bond.
How can I know my LIC Bond?
For Registered Users:
- Step 1: Go to the official LIC website, fill in your credentials like username and password.
- Step 2: Login to your account and select the option ‘View Enrolled Policies’.
- Step 3: You will be directed to a page where you can see all the listed enrolled policies.
How long does it take to get LIC money?
The refund process shall take 6 to 8 days. Also, If receipts for both the transactions have been received by customer, then the excess payment made through Bill Pay/Online portal will be refunded by servicing branch of LIC through NEFT.
How can I claim LIC policy without bond?
When you lose your original life insurance policy bond, you must inform your insurer at the earliest. Visit the nearest branch of your insurer and talk to concerned authorities regarding the loss. You need to submit an application mentioning the following details: Your name in full.
What happens if you lose your LIC policy bond?
If the policy is lost or destroyed, claim or sum assured will be paid to the claimant or policyholder after he/she furnishes an indemnity bond jointly with one surety. Similarly, a policy can be surrendered even if the original policy document is lost.
How long does it take to get a duplicate LIC policy bond?
Once all the above-mentioned steps have been accomplished by the policyholder, LIC sends across a duplicate policy bond to him/her within a period of two days. If the policy bond has been destroyed by natural disasters like flood or fire LIC issues a duplicate bond in such cases.
What is LIC a policy bond?
A policy bond is an important document furnished by LIC when issuing an insurance policy to a customer. Once the policyholder’s proposal is accepted by LIC, a legalised policy bond is provided that predominantly contains the conditions and privileges made available to the policyholder.
What to do if your LIC policy bond is misplaced?
This form is then authorised by a notary and is signed by the policyholder as well. An additional form/questionnaire is also required to be filled by the policyholder. The questionnaire contains questions on how the policy bond got misplaced, if any efforts have been made to recover the same, and so on. This is a mandate from LIC.
What is a legalised policy bond?
Once the policyholder’s proposal is accepted by LIC, a legalised policy bond is provided that predominantly contains the conditions and privileges made available to the policyholder. LIC covers the risk only after the policyholder has accepted the said proposal.