Download Indemnity Bond for applying duplicate PLI Policy

F.No 25-5/2007-LI (Part) dated 08 February 2019

In partial modification of provisions under clause 68 (chapter X) of the Manual for Circle Offices on Postal Life Insurance (corrected up to 31-07-1985) and further to Gazette Notification no.223[No.25-05/2007-LI (Part) dated 04.06.2008] dated 25, June 2008, the president of India directs that existing rules relating to issue of duplicate policy document of Postal Life Insurance and Rural Postal Life Insurance in the event of loss or destruction of Policy Document from the custody of insurant will be substituted as under.

1. Advertisement in newspaper about loss of a PLI/RPLI policy is dispensed with irrespective of sum assured.
2. The clause regarding carrying out discrete inquiry is dispensed with. It is substituted by an undertaking by the insurant concerned, to the effect that policy has been lost irrecoverably and has not been mortgaged or assigned or submitted anywhere for any purpose.
3. Fee for issue of Duplicate policy is enhanced from Rs.50/- to Rs.100/-
4. Issue of duplicate policy document upto Rs.10 lakh sum assured may be approved at CPC level and Head of the Division is authorized to approve issue of duplicate policy document above Rs.10 Lakh of Sum assured;
5. The Order shall be applicable with effect from the date of issue of Gazette Notification.

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