Policy bond issued by LIC is a valuable document. Sometimes, policy gets lost, destroyed. In such cases, need of duplicate policy bond arises

The need to posses a duplicate policy arises on the following cases
(a) At the time of receiving maturity / death claim
(b) To obtain surrender value / loan
(c) To obtain a duplicate policy for other reasons

Procedure to get a duplicate policy bond is as below:
(A) For issue of duplicate policy irrespective of whether SB or maturity claim is payable or not
  • Query form to be filled by LA as per annexure
  • Indemnity bond in form no 3756 duly notarized as per requisite value
  • Submission of photo identity
  • Submission of proof of residence of LA
  • Duplicate policy bond preparation charges (75 /- and stamp fee is 0.20 paise for Rs 1000 SA)

(B) For settlement of maturity / death claim where the policy is lost or misplaced
  • Query form as per Annexure-1 from LA/Claimant
  • Where net claim payable is upto Rs 5000, claim is to be settled without obtaining indemnity bond (F.No 3815-A or 3815) letter given by LA/Claimant is sufficient
  • Where net claim is between 5000 to 10,000 claim is to be settled on indemnity letter as per F.no 3815-A
  • Where net claim payable is 10,000 and above, indemnity bond in F.no 3815 duly notarised, as per requisite stamp value by claimant
  • Submission of any one of the photo identity of the claimant as specified
  • Any one of the residence proof of the claimant as specified

(C) For settlement of surrender value when policy is lost or misplaced
  • Query form as per Annexure-1 from LA
  • Indemnity bond as per Form no 3815 duly notarised as per requisite stamp value
  • Submission of any one of the photo identity of LA
  • Any one of the residence proof of the LA

Note:

Photo Identity: Passport, pancard, voters identity, driving license, identity card issued by govt / commercial org

Residential Proof: Telephone bill, bank statement, electricity bill, ration card, valid lease along with rent receipt and so on