The term of my life policy is over but my policy bond seems to have been lost. What is the procedure of making a claim under such circumstances?First of all you need to inform your policy issuing office about the loss of bond. You have to fill a form and return it to them along with some documents. If the claim amount is less than Rs 5,000, you will have to submit a simple indemnity letter along with the discharge form and a Declaration of ‘No Assignment’ of the policy. However, if the claim amount is more than Rs 5,000, you will have to submit the documents mentioned above as well as a surety having sound financial status to get your claim released.
