Bond of Indemnity

LI-(10i)
BOND OF INDEMNITY
(To be executed by the Holder of the LI/EA policy)
(For Duplicate policy bond)
Known all men by these presents that we
(a)
Principal
(b) Surety
(c) Surety
are held and firmly bound upto the President of India (Here after called the President) in the
sum of
Rs._________________ (Rupees__________________________________(Face value of
the policy) of lawful money of India together will all costs, charges, expenses and damages
as here in after mentioned to be paid to the President his certain attorney,succesors,or assigns
for which payment will and truly to be made we bind ourselves, heirs executors,
administrators and representatives jointly and every two of us bind ourselves, our heirs
executors, administrators and representatives severally firmly by those presents sealed with
our respective seals dated this ________________________________ day of our in the
Christian year Two thousand ____________of month ______________and where as the
above bounded.(a)__________________________________________holder of the postal LI
policy/EA policy numbered _____________________________________ dated
___________________________for the face value of Rs___________________________
has represented to the President that the said LI /EA policy not been assigned or mortgaged
to any body or disposed of in any other way and where as the above bounded (a)
________________________________________________obtained a copy of the said
LI/EA policy hearing identical number date and face value and where as the above bounded
(a) ________________________________________ applied to the President for the
payment of the amounts due on the said policy which matured on ___________on the
strength of copy policy, the President has on the aforesaid application on condition of the
said (a)________________________________________ and two sufficient sureties
executing such bond as above written and the said
(b)___________________________________________and__________________________
____________ have accordingly as such sureties agreed to execute the said bond with such
condition as here-under in written. Now the condition of the above written bond is such that
if the above bounded (a) his heirs,executors,administrators and representatives do and shall
when require so to do pay to the President his successors or assigns the sum of Rs
___________________ together with all costs an between by or occasioned to the President,
his successors or assigns or any of the Government by reason of or consequent upon the issue
to the said (a) _______________________________________of copy of the said LI/EA
policy sum due under the said policy on the strength of such copy and further if the said
(a)____________________________________ (b)
______________________________________and
(c)_____________________________________ their executors , administrators and
representatives , shall and form time to time and at all times hereafter well and sufficiently
save, defend keep harmless and indemnified the President ,his successors and assigns and the
servants of the government and every one of them offromand all manner of action and
actions suit and other legal proceeding costs, charges, damages and expenses ,whatsoever
which shall or may at any time or times hereafter be brought commenced or said was
lost/destroyed /stolen while the custody of the insurant where as the above
bounded(a)_________________________has also represented to the President or body
corporate whatsoever against or howsoever occasioned to the President ,his successors or
assigns or any of the others or servants of the Government for or on account of in respect of
by reason of a copy of the said LI/EA policy having been issued to the
said________________________________________ are by reason of our consequent upon
payment of the amount due under the said policy on strength of such copy then the above
returned bond shall be paid and of no effect otherwise the same shall be and remain in full
force and virtue provided always and it is hereby expressly declared and agreed by the
said(a)__________________________________(b)_______________________ and
(c)_____________________________________ with and to the President ,his successors
and assigns that in the defence and prosecution of any action suit or other legal proceedings
referred in the foregoing clause for indemnity or maintained in virtue thereof the President,
his successors or assigns shall not be responsible or accountable to the said (a)
(b)
and (c) or any or either of them their or any of
either of their heirs ,executors administrators and representatives for any act or commission
or mistake in the defence or prosecution of such action suit or other legal proceedings that in
the defence or prosecution of such action suit or other legal proceedings President , his
successors or assigns and his and their officers and servants shall be required to do such acts
and take such steps only, as shall in that behalf be approved and advised by law officers of
the Government of India.
Signed, sealed and delivered by the above named (a) In the presence of two witnesses to
sign here
1. 2. .
Signed, sealed and delivered by the above named (b) In the presence of two witnesses to sign
here
1. 2.
Signed, sealed and delivered by the above named (c) In the presence of two witnesses sign
here
1. 2.
DECLARATION
1. I hereby declare that my PLI/RPLI Policy No………………………………………….

Dated for Rs………………………………………………was lost in the
circumstances explained in the annexure.
2. I also declare that the original Policy was not mortgaged, assigned or dealt with in
any other way except for any assignment, notice of which has already been given to the
Department.
3. I Agree :
(a) To pay Rs. 50-00 towards the cost of preparation of Duplicate Policy
Document.
(b) To execute an indemnity Bond with two solvent sureties on stamped paper of
the requisite value.
Date:
Signature of the Policy Holder
Place
Address:

Bond of Indemnity

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Bond of Indemnity

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LI-(10i)

1. I hereby declare that my PLI/RPLI Policy No………………………………………….

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