If your policy lapses:
If you fail to pay the premium when due, your policy may lapse. Contact the insurance
company for reviving it
Alteration in your policy
You can ask for the following alterations in the policy for consideration of the company
subject to the terms and conditions of the policy or regulatory requirements:
- Mode of payment of premium
- Term of the policy
- Increase in sum assured
If you lose your policy document:
- Report loss 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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