![]() ![]() This would also form the basis of all future policies you might avail from us. This is one of the factors on which the premiums you pay for your policy is arrived at. Kindly inform your servicing branch to incorporate the same in your policy records.Ĭheck your policy bond and see if your date of birth is correctly given therein. LIC provides for change of addresses, inclusion of telephone numbers, mobile numbers and email addresses in your contact addresses information. Otherwise any communication we send to you, like premium notices, discharge vouchers for maturity and survival benefits etc., will get delayed in reaching you. Whenever you shift residences, please inform the new address to us. We would not like to keep any benefit that is due to you pending for want of this very important information. Without your latest address we would not be in a position to contact you for any service offering. In case you are sure that the policy bond is untraceable due to unknown causes, there is a simple procedure to comply with while applying for the duplicate policy at the branch that services your policy ( Click here to know about obtaining duplicate policies). 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. Make sure that the document you are searching is not one that has already been assigned to LIC, or to another financial institution. LIC retains the policy bond when you go in for a loan against the policy. It could have been even pledged with LIC/any other financial institution for availing a loan by you. Look for the same within your residence, among your investment papers, at your office and even with your agent to whom you might have entrusted the document for some reason. Kindly make a thorough search before concluding that you have lost the policy bond. There are different types of alterations that are allowed on our life insurance policies( Click here to know more about alterations). ![]() Your applications may be given in writing to the branch that services your policy for our further action. There may be instances when you would like to make alterations in your policy like change of premium payment mode, reduction in premium paying term etc. ![]() The second page onwards carries the various policy conditions like risk coverage, additional risks coverage if opted for, standard benefits that are available for all policies, accident benefit if opted for, exclusion of risks if any and other conditions that govern the contract of insurance.Īpart from death benefits there are other standard benefits and benefits opted by the policyholder, which you might want to familiarize yourself with ( Click here to know more about various types of policy conditions and their implications). It also shows the date of commencement of your policy, date of birth, date of maturity, due dates and months in which the renewal premiums are to be paid etc. The policy schedule contains on the first page of your policy, like the ones mentioned above as well as other information like nominee, your address etc. Remember to quote the policy number every time in your correspondence, as it helps us to locate your records for reference.Įvery policy is taken for different types of needs therefore the conditions for your policy will vary according to the Plan and Term of the policy. This is a unique identification number that distinguishes your policies from other policies and will remain unchanged throughout the lifetime of the policy. ![]() The policy number is consisting of nine digits and can be found at the top left hand corner of the schedule of your policy bond. Keep a Photostat copy of the policy for your reference. In case you are handing over the policy bond to any person or office, please take a written acknowledgement. Inform your spouse/Parents/Children as to where the policy is kept. You will also require it if you are availing a loan or want to assign the policy. It will be required at the time of settlement of claims on the policy. This is an important document which would be referred to for various servicing interactions with you – Keep the policy bond safe. The risk coverage commences after acceptance of your proposal and the conditions and privileges of your policy are mentioned in the policy bond. The policy bond is the document that is given to you after we accept your proposal for insurance. Maturity, Survival Benefits, Disability And Death Claims Your Contact Address – Keep Us Posted Without Fail ![]()
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