How to Procure a Duplicate LIC Policy and What Documents Are Required

Life Insurance Corporation (LIC) is one of the most popular insurance providers in India, and getting a duplicate LIC policy in case your original policy is lost, misplaced, or damaged can be a straightforward process. Here’s a comprehensive guide to understanding what documents are required and the steps you can follow to get a duplicate policy.

Documents Required for Procuring a Duplicate LIC Policy

When dealing with procuring a duplicate LIC policy, you will need to submit a set of documents to the LIC branch. Below are the essential documents you must have:

1. Filled-Out Questionnaire Form

This is an important document that contains personal details relevant to the policy, such as the policyholder's name, date of birth, address, and other pertinent information. Ensure that the form is completely filled out.

2. Form 3756

This form is specific to lic policies and must be filled out to request a duplicate policy. It includes information pertinent to the policy and the reason for requesting the duplicate.

3. Written Application

This is a formal request to the LIC office, stating your purpose for applying for a duplicate policy. Along with the written application, you need to submit other necessary documents and proof.

4. Indemnity Bond

While applying for a duplicate policy, you might be required to provide an indemnity bond. This is a legal document that protects the insurer from any claims before the loss or damage is confirmed.

5. Valid Photo ID

A valid photo ID such as a passport, PAN card, driving license, or voter ID card is necessary to verify your identity. This ensures that the policy is for the correct individual.

6. Valid Proof of Address

You must provide a valid proof of address like a bank statement, electricity bill, or ration card. This confirms your living address and ties the policy to the correct address.

7. Copy of FIR (First Information Report)

If your policy was lost due to theft, fire, or other circumstances, a copy of the FIR can be submitted as evidence. This document can expedite the process of obtaining a duplicate policy.

8. Advertisement

In some cases, you might be required to submit an advertisement in a local newspaper to prove that you have taken steps to locate the original policy. This may vary based on the specific branch and circumstances.

Additional Requirements and Considerations

The specific requirements can vary based on the servicing branch and the state. Here are some additional points to consider:

for Forms

Typically, you will need to submit 2 to 3 forms from the LIC, which can be obtained from the branch or the official website.

2. Bank Statement

Bank statements can be used as proof of address. Ensure that the statements are recent and accurately reflect your address.

3. Fees and Charges

You may be required to pay for the indemnity bond, the duplicate policy, and a stamp fee. However, in certain cases, these requirements may be waived or amended if the policy was lost due to specific circumstances like theft, fire, or while in government custody.

4. Online Portal and Customer Care Service

Today, many individuals prefer to request a duplicate policy online through the LIC portal. To use this service, you will need your policy number and personal details. Alternatively, you can contact the LIC customer care center and provide your policy number, date of birth, and other necessary information.

Why You Might Need a Duplicate Policy

There are several reasons why you might need a duplicate LIC policy:

Lost Policy: If your original policy is lost, you can request a duplicate. Misplaced Policy: If you misplaced the original policy, you can request a duplicate to ensure you have a valid policy. Damage to the Original Policy: If the original policy has suffered damage, a duplicate can be issued. Affidavit: You may be required to submit an affidavit along with your Aadhar card to prove the loss or damage. Letter to LIC Branch Manager: A letter to the branch manager can also be submitted, especially if the policy was lost due to specific circumstances.

Conclusion

Procuring a duplicate LIC policy can be a relatively simple process, but ensuring that you have all the necessary documents in hand is crucial. By following the guidelines provided above, you can ensure a seamless process and maintain your life insurance coverage without any disruption. It is always advisable to keep a copy of your policy document and other important documents in a safe and secure place to avoid the need for a duplicate policy in the future.