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

B. 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(By Examveda Team)

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.