Lost LIC Certificate

/ blog, LIC of India / By insuringgurgaon

How to get duplicate lic policy bond. what all forms and letter are reuired. where to get the forms and letter format

To get a duplicate LIC policy bond, you will need to follow the below steps:

Write a letter to LIC: Write a letter to the LIC branch where your policy is registered, informing them about the loss of your policy bond. Include details such as your policy number, date of issue, and the circumstances under which the policy bond was lost. You can find the address of your LIC branch on the LIC website or by calling their customer service helpline.
File an FIR: You will need to file an FIR with the local police station regarding the loss of your policy bond. The FIR is a mandatory document that you will need to submit to LIC along with your application for a duplicate policy bond.
Obtain an indemnity bond: An indemnity bond is a legal document that indemnifies LIC against any future claims that may arise in relation to your lost policy bond. You will need to obtain an indemnity bond on a stamp paper of appropriate value, from a notary public or an advocate. The format for the indemnity bond can be obtained from the LIC branch where your policy is registered.
Submit documents to LIC: Once you have obtained the FIR and the indemnity bond, you will need to submit these documents to the LIC branch where your policy is registered. You will also need to submit a written request for a duplicate policy bond, along with a fee for issuing the duplicate policy bond. The fee for issuing a duplicate policy bond varies based on the sum assured amount and can be found on the LIC website.
Wait for processing: Once you have submitted all the required documents and paid the fee, LIC will verify the documents and process your request for a duplicate policy bond. The processing time can vary depending on the complexity of the case and the workload at the LIC branch. You can check the status of your request by calling the LIC customer service helpline or by visiting the LIC branch where your policy is registered.

LIC provides the necessary forms and formats for the indemnity bond and the request letter for a duplicate policy bond on their website. You can download these forms and formats from the LIC website or obtain them from the LIC branch where your policy is registered.

What is the format of the letter

Here is a sample format for the letter to be written to LIC for requesting a duplicate policy bond:

[Your Name] [Your Address] [City, State, PIN Code] [Date]

The Branch Manager, [Name of LIC Branch] [Address of LIC Branch] [City, State, PIN Code]

Subject: Request for Duplicate Policy Bond

Dear Sir/Madam,

I am writing to request a duplicate policy bond for my LIC policy [Policy Number]. Unfortunately, I have lost the original policy bond, and I have lodged an FIR with the local police station regarding the loss of the policy bond.

I would like to request you to issue a duplicate policy bond in my name, and I have enclosed all the necessary documents, including the FIR and the indemnity bond, as required by LIC. Please find the details of my policy below:

Policy Number: [Policy Number] Date of Issue: [Date of Issue] Sum Assured: [Sum Assured]

I request you to process my request for a duplicate policy bond at the earliest possible and inform me of any further requirements. I have also enclosed the fee for issuing the duplicate policy bond, as per the fee structure provided by LIC.

Thank you for your assistance in this matter. If you require any further information, please do not hesitate to contact me.

Sincerely,

[Your Name]

Sample indemnity bond

Here is a sample format for the indemnity bond to be submitted along with the request letter for a duplicate policy bond:

[On the stamp paper of appropriate value]

INDemnity Bond for Lost LIC Policy Bond

Know all men by these presents that I, [Your Name], son/daughter/spouse of [Father’s Name], aged [Your Age], residing at [Your Address], do hereby solemnly declare and affirm as follows:

I am the holder of LIC policy bearing Policy No. [Policy Number], dated [Date of Issue], for the sum assured of Rs. [Sum Assured].

I have lost the original policy bond, and I have lodged an FIR with the local police station regarding the loss of the policy bond.

I hereby undertake to indemnify LIC against all losses, costs, expenses, and damages that may be incurred by LIC or its representatives, arising out of any claims that may be made against LIC in relation to the lost policy bond.

I further undertake to provide all necessary assistance and cooperation to LIC or its representatives in relation to any claims that may be made against LIC in relation to the lost policy bond.

This indemnity bond shall be valid and binding on me, my heirs, executors, administrators, and legal representatives.

In witness whereof, I have executed this indemnity bond on [Date], at [Place], in the presence of the following witnesses:

[Your Signature]

WITNESSES:

[Name and Address of Witness 1] [Signature of Witness 1]

[Name and Address of Witness 2] [Signature of Witness 2]

Note: Please note that this is only a sample format of an indemnity bond, and it is advisable to consult a legal professional before drafting one. The format of the indemnity bond may vary based on the specific requirements of LIC or the jurisdiction in which it is being executed.