Thursday, November 21, 2024

Insurance policy: What if I lose my original insurance policy? How to get the payment amount.

Best Insurance Plan: As a policyholder, if you lose your original insurance, you are entitled to a copy of your bond.

Insurance Plan: Make sure everyone in your life is insured at some point. Whether it’s for tax savings, better profits, or to reduce health care costs. Sometimes people get a lot of savings and benefits from the insurance itself, but what if the original insurance documents are lost?

 All information about bonds

When you take out insurance, the policyholder will also be given the documents. These documents are called bonds. This deposit is proof that the person has taken out insurance by paying the amount over a period of time. All the information about the policy can be found on the base of the bond itself, but if the original bond is lost for any reason, many troubles can occur.

Read More: The government is preparing a draught of health insurance, which will cover treatment costs up to Rs 5 lakh for an annual payment of Rs 250-300.

 If you lose your documents, you will need to do these tasks

The policyholder is entitled to a copy of the bond insurance in the event of loss of the original policy. However, there are a few steps you need to take to do this. In connection with the insurance policy, you need to notify the insurance company and the insurance company of the loss of insurance claims. Apart from that, you need to go to the police station and register your FIR.

At the same time, you need to run your ad in a lost state. Providing information through local newspapers is very important. At the same time, you need to fill in the compensation bond. The compensation statement must be signed so that no one else can claim the policy. If someone else claims to be the owner of this policy, similar measures may be taken against them.

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