Q253
What will happen if the insured person loses the original life insurance policy document?
A.
The insurance company will issue a duplicate policy without making any changes to the contract
AnswerB.
The insurance contract will come to an end
C.
The insurance company will issue a duplicate policy with renewed terms and conditions based on the current health declarations of the life insured
D.
The insurance company will issue a duplicate policy without making any changes to the contract, but only after a court order
Answer: Option A
Solution
Answer: Option A
Solution:
If the insured person loses the original life insurance policy document the insurance company will issue a duplicate policy without making any changes to the contract. If you lose your policy bond, report it to the insurance company immediately. Get a duplicate policy by complying with the formalities. The duplicate policy confers the same rights as the original policy bond.