LIC POLICY bond is the main evidence for policy taken by the policy holder from LIC OF INDIA, so it is the most important document from LIC point of view.
If due to some reason (like: Shifting of house, white washing) it is misplaced and you are not able to locate it, no need to worry, you can get a new one (Duplicate Policy Bond) from LIC OF INDIA if you follow the below mentioned procedure and deposit the same in your home LIC BRANCH.
The matter of the form no. 3762 is first typed or printed on a non judiciary stamp paper of Rs100 and get it notarized from notary and sign on each page. Another form for policy bond is also to be signed by the policyholder. One photo id and one address proof is also required along with.
There are stamp charges which are to be paid by the policyholder to LIC OF INDIA. The stamp charges differ from plan to plan on per lac of the Sum Assured (Sum Assured is the amount that an insurer agrees to pay on the occurrence of an event) through MR in the branch at the counter (MR: – Miscellaneous receipt, account number may differs from branch to branch).
Once these documents are ready, your new policy bond will be issued within two days time.
Note: – All this exercise to be done only in your home LIC branch.
