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What will happen if the insured person loses the original life insurance policy document?
Answer & Solution
Correct Answer:
Option
A
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.
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