Need A Financial Product Forums Insurance What is the Policy Bond and what is its safety?

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    Sonal Sharma

    What is the Policy Bond and what is its safety?


    Vijay Sindhi

    Insurance Corporation of India’s LIC policy bond is a very important document during the term of a policy. This policy bond is a document which will be asked every time in relation to various services or payment events including the settlement of the claims. The first thing the policy holder should do after getting this policy bond is to keep it somewhere in the safe place. Policy holder should also inform his dear ones or the nominee about to where he/she has kept this policy bond so that they don’t face problem in the future events.

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