Best Insurance Plan: As a policyholder, you have the right to get a copy of your bond policy if you lose the original policy.
Insurance Plan: Everyone in life definitely gets insurance at some point or the other. Whether it has been done to save tax or for better returns or to cut down on medical expenses. From time to time, people get a lot of savings or benefits from insurance itself. However, what if the original insurance documents are lost?
All information on bonds
When insurance is done, some documents are also given to the policyholder. These documents are called bonds. This bond is the proof that the person has got insurance by paying an amount over a period of time. All the information related to the policy will be there on the initial paper of the bond itself. However, if the original bond is lost due to any reason, then there can be a lot of trouble.
If the document is lost then this work will have to be done
As a policyholder, you have the right to get a copy of your bond policy in case you lose the original policy. However, for this you have to follow some steps. With regard to your policy, you should inform your insurance company and your insurer about the loss of the policy bond.
Apart from this, you will have to go to the police station and register an FIR. At the same time, you will also have to publish the advertisement in the state where you have lost it. It is very important to give information through the local newspaper. Along with this, you will also have to fill an indemnity paper (indemnity bond). It is necessary to sign the indemnity bond so that no one else can claim the policy. If someone else claims to be the owner of that policy, then appropriate action can also be taken against him.
