Kumari Palany & Co

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How to get a new policy if the original insurance policy is lost?

Posted on: 30/Apr/2020 4:30:33 PM
If the original insurance policy is lost, one needs to redeem the same with a fresh one!

Who to approach for this? The branch which distributed the policy!

What are the documents required?
  • Address Proof
  • Copies of Photos signed by the notary public
  • A copy of any of the receipts for having paid the premium
What are the charges?
  • Rs. 75 is to be paid for the compilation of documents.
  • Apart from this, charges at the rate of 20 Paise for every Rs. 1000 of the coverage amount has to be paid.
Time for action: The fresh policy may be issued within 15 days of application.

Procedure:
  • After submitting the application needing a new policy as the original policy has been lost/misplaced, the branch will issue 2 documents.
  • Out of this, one document has to be printed in an Rs. 80 stamp paper.
  • On the 2nd document, there would be questions asking for the details of the lost policy. This has to be filled up and submitted after attaching all required documents signed by a notary public.

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