If the client has lost the original life insurance policy, we can help them obtain duplicate documents while ensuring the security for their policy information.
Documents and Data Needed:
1.
Formal Written Request: Compose an official appeal letter for duplication of original policy document of insured party to forward to the insurer.
The letter must contain the following information:
• Full name of the client.
• Identification number for lic policy (if any).
• Information regarding policy specifics (nature of lic policy, commencement date, etc.).
• Account of circumstances pertaining to lost original life insurance policy documents.
• Request for duplicate copies of lic policy documents.
• Contact information (mailing address, telephone contact, electronic mail).
2.
Validation of Identity: Client might be asked for identity proof including driver's licence, passport, or government ID copies.
3.
Indemnity Bond: An indemnity bond may be requested by certain insurance firms to carry out the production of duplicates. This is a legal contract in which the policyholder pledges to compensate the insurer for any future claims that could result from unauthorised use of the original documents; typically, the indemnity bond must be notarized.
Steps to Rectify a Misplaced Insurance Policy-
1.
Get in Touch with the Insurance Provider-
Advise the client to contact their insurance company. They can reach out through email, customer service phone lines or, by visiting a nearby office branch.
2.
Confirm Clients Identity-
Make sure that the client is prepared to confirm their identity. They should have identification information, like their name, date of birth, address and lic policy number
3.
Request Replacement or duplicate Documents-
Request for replacement of policy documents which is typically done through a written application or an online form provided by the insurance company.
4.
Make an appeal-
Submit the request for misplaced documents either in person, through online mediums such as email.
5.
Follow up-
Client can take a follow up with insurance company to confirm the receipt, and status of their request
Why It’s Important to Replace lic policy misplaced Documents:
- Having all the documents in place will act as a proof of existence for insurance coverage.
- Claim process becomes easy. Usually original policy document are required, It will ensure that the client can still proceed with the claim with duplicate documents.
- The lic policy contains important information about the insurance plan, its coverage, contact info, and terms of contract. Which comes in handy for managing one’s policy.
