How Can I Get Duplicate LIC Bond?

What if I lost my LIC Bond?

Kindly make a thorough search before concluding that you have lost the policy bond.

If the policy bond is partially destroyed due to natural causes like, fire, flood, etc, the remaining portion may be returned as evidence of loss of policy to LIC, while applying for a duplicate policy..

How do you duplicate a policy document?

An application has to be filed for the issuance of a duplicate policy document by following the prescribed procedure, which may vary across companies.Application. A written application must be submitted to the insurer, intimating the loss of policy. … Publish an ad. … Indemnity bond. … Points to note.

How can I withdraw my LIC policy online?

Documents Required for Surrender LIC PolicyOriginal Policy Bond.Download LIC Policy Surrender Form No. … Bank cancelled cheque leaf (your name should be printed on cheque) or bank passbook photocopy. … Fill LIC’s NEFT Form, if you are not using the above said Surrender Form and submit the same.More items…•

How much money will I get if I surrender my LIC policy?

Guaranteed Surrender Value: The policy can be surrendered after it has been in force for at least 3 full years. The Guaranteed Surrender value will be equal to 30% of the total amount of premiums paid excluding the premiums for the first year and all the extra premiums and premiums for accident benefit / term rider.

How can I check my lic policy details online?

How to Check LIC Policy Details Online?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.More items…

What is a duplicate policy?

A Duplicate Policy is defined as two or more policies where the Producer, Location State Code, Location County Code and Commodity Code are the same. … Once the AIP’s determine ownership of the policy, the duplicate policies must be removed before any related records are re- submitted for processing.

How is surrender value calculated?

If you discontinue the policy, the amount you will get is called the special surrender value. This is arrived at by multiplying the total paid-up value (paid-up value + bonus) with a multiplier called the surrender value factor. The surrender value factor is a percentage of paid-up value plus bonus.

Can LIC policy be stopped?

If you wish to discontinue your life insurance policy for any reason, you can do so, but at a cost. In case of a term life insurance policy, if you stop paying the periodic premium, the policy automatically lapses, i.e., the risk cover ceases but there is no other additional downside or cost.

How do I log into my old LIC portal?

Please use “Forgot User ID/Password” link to retrieve your User ID/Password. Please note to click on the appropriate radio button for retrieving the details. User ID will be sent to your registered email ID and mobile no. OTP for re-setting the password will also be sent to your registered email ID and mobile number.

How can I claim my LIC policy if I lost my bond?

Immediately inform your insurer 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.

How can I change my lic bank account details online?

Step 1: Log in to LIC portal. … Step 2: Select Service request to Register NEFT online. … Step 3: Policy Selection for NEFT Registration. … Step 4: OTP validation for varification. … Step 5: Fill your bank details. … Step 6: Generate the NEFT form. … Step 7: Upload NEFT form to register NEFT details.

How can I download my LIC premium receipt?

To download the LIC premium payment receipt online, you need to be a registered user of LIC’s e-Services. Visit LIC Homepage and click on the link called LIC e-Services that is available on “Online Services”. Click on the tab “Registered User”. Because you are already a registered user.

Will I get bonus if I surrender my LIC policy?

Once you have surrendered your LIC policy, the insurer will provide you with a portion of money known as ‘accumulated bonus’ along with the premiums that you have paid for that period of time.

How do I download my insurance policy?

For this, you will be required to follow a few steps listed below:Visit your insurance provider’s website.Select the type of policy.Enter your policy details like policy number, etc.Verify your profile, if asked.After verification, view, print, or download your bike insurance policy.

What is policy bond in LIC?

What is 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.