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Thread: Requires Help - Friend asked me provide an indemnity bond and surety for LIC Policy

  1. #1
    NewBie
    Join Date
    Dec 2012
    Location
    Kolkata
    Posts
    1

    Lightbulb Requires Help - Friend asked me provide an indemnity bond and surety for LIC Policy

    Hi All

    My Friend( I know from 5 years) lost his 3 LIC policy, all of them have been matured.
    He asked me to provide an indemnity bond and surety.
    Though I know him well,please guide me and tell me the duration of this indemnity bond will be for how much time?
    The policy agent is telling it may be for the time till amount gets credited to his account.


    Thanks



  2. #2
    Moderator Rahul's Avatar
    Join Date
    Feb 2009
    Location
    Delhi
    Posts
    386

    Default

    The surety is for whole life of the life insurance policy.

    Note - Check the complete procedure here


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