Indemnity for lost life insurance policy

Our document conforms to the administrative requirement of submitting the Indemnity in the event of loss/misplacement of a Life Insurance Policy by the Life Insured.

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About this document

Our document conforms to the administrative requirement of submitting the Indemnity in the event of loss/misplacement of a Life Insurance Policy by the Life Insured. The document has been designed to include joint signing of the Indemnity by a Surety and is meant to address the defined peculiar requirements of the concept. This form of Indemnity should essentially be acceptable by all the Insurance Companies across the board.

This document ends up fulfilling a procedural requirement for a safe and legal disbursement of insurance benefits to the insured upon the policy reaching the maturity stage essentially when the insured has lost the original insurance policy and is not able to produce the same to the satisfaction of the Insurance Company.

Who will use this document?

Any person who has lost his original Life Insurance Policy and is required to submit an Indemnity to the Insurance Company for releasing the maturity value without submission of the original Insurance Policy.

Application and features

  • All usual basic provisions to protect your interest;
  • Explanatory notes to cover every issue in the concept;
  • Flexible to suit peculiar situations.

Contents

  • Compliance with existing laws;
  • Surety to jointly sign the indemnity;
  • Explanation of the procedures of execution;
  • Stamp duty defined.
Draftsman

This document has been drawn by Rakesh Taneja, unconnected with Net Lawman. Rakesh Taneja will welcome your contact for further legal help. There may be a charge for Rakesh Taneja services.

IN-LDGgti05 - Indemnity for lost life insurance policy

 
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