Personal Bond of Indemnity

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PERSONAL BOND OF INDEMNITY

AT THE REQUEST AND COST THE INSURANT

-----------

(To be executed by the insurer in absence of Policy document lost from his custody)

Know all me by these present that I…………………………………………………… am held


and family bound upto the president of India (hereinafter called the presidents). In the sum of
(`………………………………………………………………………………………………………)
(face value of the policies) of Lawful money on India to be paid on demand and without demand to
the president. His certain attorneys, successors or assigns for which payment well end tudly to be
made I bind myself my her is executors, administrators and representatives, firmly by these president.

SeBled with my seal dated this ………………………………day of..………………………..


in the Christian year two thousand and…………………………………………………………………..

Whereas on or about the ………………………………….day of ……………………………..


I………………………………………………………purchased from the Director General P&T
(hereinafter called the Director General) a Govt. of India Post Offices L.I/E/A Policy
Numbered………………………………..of the face value of ` ……………………………………
bearing a monthly premium of ` ……………………………… payable upto the time of my
death/age…………………………… AND Whereas I have applied to the Postmaster
General…………………………….. for the settlement of my claim and payment of money in respect
of the said policy AND Whereas the policy has been lost and is not forth-coming AND Whereas I
have not produced the said policy issued to me Sh………………………………………………………
by the Deputy General Postal Life Insurance, Calcutta AND Whereas I represented to the Postmaster
General………………………………………………………..Circle about the said facts and that the
said policy has not been assigned or transferred to nobody or disposed of in any other way AND
Whereas the Postmaster General ……………………………………………….Circle has under the
direction of the Director General Posts, New Delhi and on behalf of and as agent of the President
rolying on my said representation………………………………………………………………………..
Acceded to the said application on condition of my executing for the better protection of the such
bond above written with such consideration as here under is written.

Provided further that the liability of sureties hereunder shall not be impaired or discharged by
reason of time being granted or any for bearance act or omission of the President of any person
authorised by him (whether with or without the consent or knowledge of the sureties) nor shall be
necessary for the president to sue the said (A) and (B) before suing the sureties for amounts due
hereunder.

(a)……………………………………………. (b)……………………………………..

Signed, sealed and delivered by the Signed sealed and delivered by the above
Above named (a) named (b)

Signature of the insurant Signature of the nominee

(Two witness to sign here) (Two witness to sign here)


1……………………………………………… 1………………………………………...

2……………………………………………… 2………………………………………...

(c)……………………………………………. (d)……………………………………….

Signed sealed and delivered by the above Signed sealed and delivered by the above
Named (c) named (d)

Signature of the 1st Surety Signature of 2nd Surety

Two witness to sign here (Two witnesses to sign here)

1……………………………………………… 1…………………………………………

……………………………………………….. ………………………………………….

2……………………………………………… 2…………………………………………

……………………………………………….. ………………………………………….
FORMAT OF INDEMNITY BOND TO BE GIVEN BY CUSTOMER

DEED OF INDEMNITY is made at____________________________this ______________________day of __________________________


between Mr./Ms./M/s _______________________________ residing at ______________________________________________________
hereinafter referred to as ‘the Party of the First Part of the One Part’ and Director General, Department of Posts hereinafter referred to as
Department of the Other Part.
WHEREAS

1. The PLI/RPLI had issued an insurance policy on the life of


Shrí_________________________________________________________________and numbered _________________________________
2. The Party of the First Part has represented to the Department that the said Policy of insurance has been lost / misplaced / mutilated;
3. The Party of the First Part has applied to the Department for issuance of a duplicate copy of the said insurance policy and the Department is
agreeable to do so on the following terms:-

NOW THIS DEED WITNESSETH that pursuant to the same and in the premises the Party of the First Part hereby agrees to indemnify and
keep indemnified the Department against any loss, costs, charges and expenses that the Department may suffer or incur on account of any
claim being made by any other person claiming on the basis of possession of the said insurance policy or otherwise and the Department being
required to make payment of the amount under the said policy to such person. And the Party of the First Part undertakes that in the event of
the original insurance policy being found, the same will be returned to the Department forthwith.

IN WITNESS WHEREOF the Party of the First Part has put his hand the day and year first hereinabove written.

Signed and delivered by the within named Party of the First Part

Mr./Ms./M/s ____________________________________________________

In the presence of a) ___________________________________ b) _________________________________

___________________________________ ___________________________________

The Sureties a) ___________________________________ b) _________________________________

___________________________________ ___________________________________

At the time of submitting the form please provide copy of Policy holder’s (Proposer) self attested photo identity proof. Additional
documents may be required for verification at the discretion of the Department.
DEPARTMENT OF POST
OFFICE OF THE CHIEF POSTMASTER GENERAL

To
________________________________
________________________________
________________________________

No. : _______________ Dated : ______________

Subject: Furnishing of Indemnity Bond.

Sir,

Kindly refer to your application dated _______________________________________ for issue of duplicate policy bond with Policy
No._______________________________________ which is stated to have been lost/misplaced/mutilated. In this connection you alongwith
two solvent sureties are required to furnish an Indemnity Bond for `__________________________ on a non-judicial stamped paper worth `
10/-. The following instructions should be observed carefully while furnishing the bond of indemnity.

(i) The text of the Bond of Indemnity as enclosed should be neatly typed over the front side only of the stamped paper/additional
sheets. The additional sheets if used should be purchased from stamp vendor only. Ordinary typing paper or other kind of
paper should not be used for this purpose.

(ii) Insurant and both the sureties should sign at the bottom of each page. The last and final page should however be signed by
them at the space provided for this purpose. In case any page of stamped paper is left blank for any reason it should also be
signed by them.

(iii) Two separate individuals should witness the signature of Insurant and both the sureties on the last and final page. Witness to
insurant can be the witness to sureties also. Sureties cannot be witness to insurant and similarly Insurant cannot be witness for
sureties. As far as possible, sureties and witnesses should be from the same locality or establishment/ office and literate
enough who can read and write.

(iv) Correction or over writing/typing in the name of insurant, sureties, witnesses and amount is not allowed.

(v) The Bond of Indemnity should be sent to this office alongwith the enclosed text for further necessary action.

Yours faithfully

Asstt./Dy. Divl. Manager (PLI)

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