Procedure to obtain duplicate LIC Policy
The policyholder will have to submit following documents -
1- If the Policy is Assigned or Mortgaged, the duplicate policy shall bear the latest Assignment that is in force as on the date of issue,
2- Where the Policy is due for maturity or survival benefit within 3 years and if the sum assured is more than Rs.25,000, an advertisement in a Local Daily newspaper having wide circulation is required,
3- Indemnity Bond in Form No. 3756 duly stamped and executed by the policy holder on a stamp paper of appropriate value is to be submitted,
4- If sum assured exceeds Rs. 50,000, declaration by a Surety having sound financial status acceptable to LIC in Form No. 3807 is required ,
5- Duplicate Policy charges of Rs. 5,
6- Stamp Duty charges at prevailing rates.