1. What is a duplicate LIC policy bond?

A duplicate LIC policy bond is a replica or a copy of the original bond that is issued by the Life Insurance Corporation of India (LIC). It serves as a replacement for a lost, misplaced, or damaged policy bond, ensuring that you have a document to provide proof of your insurance coverage.

2. Why would I need to get a duplicate LIC policy bond online?

You may need to obtain a duplicate LIC policy bond online if your original bond has been lost, stolen, or damaged. Having a duplicate bond is crucial as it acts as evidence of your life insurance coverage and can be used to make claims or avail other services offered by LIC.

3. Can I get a duplicate LIC policy bond online?

Yes, you can obtain a duplicate LIC policy bond online by following a few simple steps. LIC provides an online platform where policyholders can request a duplicate bond, making the process convenient and hassle-free.

4. What are the prerequisites for getting a duplicate LIC policy bond online?

Before applying for a duplicate LIC policy bond online, ensure that you have the following prerequisites in order:
– Valid policy details such as policy number and policyholder’s name
– Registered email address and mobile number with LIC
– Active internet connection and access to a computer or smartphone

5. How can I apply for a duplicate LIC policy bond online?

To apply for a duplicate LIC policy bond online, follow these simple steps:
1. Visit the official website of LIC.
2. Navigate to the ‘Online Services’ section and click on ‘Duplicate Bond’ or ‘Duplicate Policy Document.’
3. Provide necessary details such as policy number, policyholder’s name, date of birth, and registered email address. Validate with the OTP sent to your registered mobile number.
4. Verify the policy details displayed on the screen.
5. Pay the nominal fee, if applicable, using the available online payment options.
6. Submit the request and keep a note of the reference number for future tracking.

6. Is there any fee involved in obtaining a duplicate LIC policy bond online?

Yes, there might be a nominal fee charged by LIC for issuing a duplicate policy bond. The fee amount may vary depending on certain factors like the policy type and the number of years since the policy issuance. However, the fee structure can be verified and paid online during the application process.

7. How long does it take to receive the duplicate LIC policy bond online?

Once the online application for a duplicate LIC policy bond is successfully submitted, it usually takes approximately 7 to 14 working days for the bond to be processed and dispatched. However, the actual time may vary depending on factors like the volume of requests and the efficiency of postal services.

8. How will I receive the duplicate LIC policy bond?

Generally, the duplicate LIC policy bond is dispatched to the policyholder’s registered address. LIC uses the postal services to deliver the bond securely. It is essential to ensure that the registered address provided during the application process is correct and up to date to avoid any delivery issues.

9. Can I track the status of my application for a duplicate LIC policy bond online?

Yes, LIC provides an online facility to track the status of your application. After successfully submitting the application for a duplicate LIC policy bond, note down the reference number provided. Visit the LIC website and explore the ‘Track Your Application’ or ‘Application Status’ section to enter the reference number and obtain real-time updates on the progress of your request.

10. Can I get a duplicate LIC policy bond if the policy is assigned or held under a trust?

If the policy is assigned or held under a trust, the process of obtaining a duplicate LIC policy bond may vary. In such cases, additional documentation or authorization from the assignee or trustee may be required. It is recommended to contact the LIC customer service or visit a branch office to understand the specific requirements for obtaining a duplicate bond in such situations.

11. What should I do if I find the original LIC policy bond after obtaining a duplicate one?

If you find the original LIC policy bond after obtaining a duplicate, it is essential to inform LIC about the recovery. You can visit the nearest LIC branch office or contact their customer service to provide the necessary details. Additionally, it is advisable to surrender the duplicate bond to LIC for cancellation and retain the recovered original bond for future reference.

12. Will the duplicate LIC policy bond have the same validity as the original bond?

Yes, the duplicate LIC policy bond will have the same validity as the original bond. It serves as a replacement for the lost, misplaced, or damaged original bond and carries the same policy terms, conditions, and tenure. However, it is always recommended to cross-check the details mentioned on the duplicate bond for accuracy.

13. Can I use the duplicate LIC policy bond to make a claim?

Yes, the duplicate LIC policy bond is a valid document that can be used to make a claim. It serves as proof of your insurance coverage and policy details. When filing a claim, ensure to submit a copy of the duplicate bond along with other required documents to initiate the claim settlement process smoothly.

14. What should I do if my application for a duplicate LIC policy bond gets rejected?

If your application for a duplicate LIC policy bond gets rejected, it is essential to understand the reason for the rejection. Contact LIC’s customer service or visit a branch office for clarification on the rejection and to know if any additional steps or documents are required to proceed. They can guide you with the necessary actions to rectify the issue and reapply if needed.

15. Can I nominate someone else to collect the duplicate LIC policy bond on my behalf?

Yes, you can nominate someone else to collect the duplicate LIC policy bond on your behalf. However, the nominee should carry an authorization letter signed by you, a copy of your ID proof, and their own ID proof while collecting the bond from the LIC branch office. This ensures that the authorized person can receive the bond without any complications.

16. Is it necessary to report the loss of the original LIC policy bond to the police?

While reporting the loss of the original LIC policy bond to the police is not mandatory, it is highly recommended to do so. Filing a police report provides an official record of the lost document, which can help prevent any misuse of the bond. Additionally, some insurers may request a copy of the police report during the duplicate bond application process.

17. Can I get a duplicate LIC policy bond if I am residing abroad?

Yes, as long as you have access to the internet and fulfill the necessary prerequisites, you can apply for a duplicate LIC policy bond online even if you are residing abroad. Ensure that you have a registered email address and mobile number to receive necessary communication and updates regarding the application.

18. Will the duplicate LIC policy bond bear the same policy number as the original bond?

Yes, the duplicate LIC policy bond will bear the same policy number as the original bond. It acts as a replacement for the lost or damaged bond and carries the identical policy details as mentioned in the original document. Therefore, the policy number remains unchanged in the duplicate bond.

19. Is it possible to expedite the process of obtaining a duplicate LIC policy bond online?

The process of obtaining a duplicate LIC policy bond online follows a standard timeline, and expediting it may not be readily possible. However, you can reach out to LIC’s customer service or visit a branch office to inquire if any exceptional circumstances can be considered to speed up the process. Their guidance can provide better insights based on your specific situation.

20. Can I download the duplicate LIC policy bond online once it is issued?

Yes, you can download the duplicate LIC policy bond online once it is issued. LIC provides the facility to download the bond in a PDF format from their official website. This allows you to have an electronic copy of the bond for your records or immediate access when required.

21. What should I do if there are errors or discrepancies in the duplicate LIC policy bond?

If you notice errors or discrepancies in the duplicate LIC policy bond, it is crucial to get them rectified immediately. Contact LIC’s customer service or visit a branch office and inform them about the inaccuracies. Submit any necessary supporting documents to back up your request for correction. LIC will guide you through the process of rectifying the errors and issuing an amended duplicate bond if required.

22. Can I change my communication address while applying for a duplicate LIC policy bond online?

Applying for a duplicate LIC policy bond online generally does not provide an option to change the communication address. The duplicate bond is usually dispatched to the policyholder’s registered address. If you need to update the communication address, it is advisable to do so separately by visiting the LIC branch office or utilizing the online facilities provided by LIC for address change requests.

23. What if I forget my policy number while applying for a duplicate LIC policy bond online?

If you forget your policy number while applying for a duplicate LIC policy bond online, you may face difficulties in proceeding with the application. However, you can try retrieving the policy number by searching for any past communications from LIC, premium payment receipts, or by checking your bank statements for debits related to LIC premiums. If unable to retrieve the policy number, contacting LIC’s customer service or visiting a branch office would be beneficial for further assistance.

24. Will the duplicate LIC policy bond mention that it is a duplicate?

Yes, the duplicate LIC policy bond will typically mention that it is a duplicate or a copy of the original bond. This labeling helps distinguish it from the original issue. However, apart from this mention, the duplicate bond holds the same policy information and terms as the original bond, ensuring its validity and usefulness.

25. Is there an expiry date for requesting a duplicate LIC policy bond online?

As of now, LIC does not specify any expiry date for requesting a duplicate LIC policy bond online. However, it is recommended to initiate the request for a duplicate bond as soon as you realize the loss or damage of the original bond to ensure uninterrupted access to your policy details and coverage.