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    Efu Indemnity Bond

    Uploaded by

    Mehreen Arshad
    1) An indemnity bond is being signed by a policyholder, along with two witnesses and sureties, in favor of EFU Life Assurance Ltd. 2) The policyholder's life insurance policy document has been lost and cannot be found. 3) The policyholder is requesting that EFU Life surrender the policy. In exchange, the policyholder and sureties will indemnify and hold EFU Life harmless from any liability or loss from surrendering the policy and paying out on it, given that the original document is lost. 4) By signing the indemnity bond, the policyholder and sureties agree to indemnify EFU Life against any claims or legal actions taken

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Efu Indemnity Bond

    Uploaded by

    Mehreen Arshad
    477 views2 pages
    1) An indemnity bond is being signed by a policyholder, along with two witnesses and sureties, in favor of EFU Life Assurance Ltd. 2) The policyholder's life insurance policy document has been lost and cannot be found. 3) The policyholder is requesting that EFU Life surrender the policy. In exchange, the policyholder and sureties will indemnify and hold EFU Life harmless from any liability or loss from surrendering the policy and paying out on it, given that the original document is lost. 4) By signing the indemnity bond, the policyholder and sureties agree to indemnify EFU Life against any claims or legal actions taken

    Original Description:

    indemnity bonds for surrender and for lost of policy documents

    Original Title

    efu indemnity bond

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    1) An indemnity bond is being signed by a policyholder, along with two witnesses and sureties, in favor of EFU Life Assurance Ltd. 2) The policyholder's life insurance policy document has been lost and cannot be found. 3) The policyholder is requesting that EFU Life surrender the policy. In exchange, the policyholder and sureties will indemnify and hold EFU Life harmless from any liability or loss from surrendering the policy and paying out on it, given that the original document is lost. 4) By signing the indemnity bond, the policyholder and sureties agree to indemnify EFU Life against any claims or legal actions taken

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    477 views2 pages

    Efu Indemnity Bond

    Uploaded by

    Mehreen Arshad
    1) An indemnity bond is being signed by a policyholder, along with two witnesses and sureties, in favor of EFU Life Assurance Ltd. 2) The policyholder's life insurance policy document has been lost and cannot be found. 3) The policyholder is requesting that EFU Life surrender the policy. In exchange, the policyholder and sureties will indemnify and hold EFU Life harmless from any liability or loss from surrendering the policy and paying out on it, given that the original document is lost. 4) By signing the indemnity bond, the policyholder and sureties agree to indemnify EFU Life against any claims or legal actions taken

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    EFU Life Assurance Ltd.

    INDEMNITY BOND FOR SURRENDERS

    This Indemnity Bond is made this day of 20 by s/o ,


    Muslim, adult, resident of hereinafter
    referred as ì Principal and s/o , Muslim, adult, resident of
    and S/o , Muslim, adult,
    resident of as ì Sureties ( the term Principal and
    Sureties whenever the context so permit shall mean and include their respective heirs, representatives, executors,
    administrators and assignees) jointly and severally in favor of EFU Life Assurance Ltd., Plot No. 112, 8th East Street,
    Phase 1, DHA, Karachi, hereinafter called ìEFU Lifeî which term shall mean and include its successes in interest and
    assigns.
    The said policy document which the Executant was keeping in his/her personal custody is missing and cannot be traced
    and is proved to be irretrievably lost.

    NOW THIS DEED WITNESSETH AS FOLLOWS:


    The Executant has now requested EFU Life to surrender the said policy, and has assured that the ownership in the policy
    still vests with the Executant and that the ownership or any rights under the said policy have not been transferred or
    assigned to any other person or any organization.
    AND WHEREAS the Executant and Sureties have agreed to provide to EFU Life an Indemnity Bond to the effect the
    Executant and Sureties of this Bond will hold EFU Life harmless from any liability or loss caused that to EFU Life on
    their surrendering the policies and/or paying any moneys/or incurring any loss or liability in respect thereof.
    NOW THEREFORE the EFU Life having agreed to surrender the policy in lieu of the lost policy No.
    the Executant and Sureties agree and undertake at all times hereafter to indemnify EFU Life
    against actions, proceedings, claims and demands whatsoever, at any time, commenced or prosecuted against EFU
    Life shall sustain, expend or put into, by any person or persons having or claiming any right title or interests in, to or
    under the said policy on the money thereby insured or by reason of any other matter, cause or thing, concerning the
    same or in any way relating thereto and of such costs, charges or expenses relating to the disbursements made on the
    basis of the said policy of assurance.
    IN WITNESS WHEREOF I, the above named Executant, have signed hereunder this Indemnity Bond, on the date and
    year above written.

    Signature of the Principal Signature of the 1st Surety

    Name:
    NIC #:
    Address:

    Signature of Witness # 1 Signature of the 2nd Surety

    Name: Name:
    NIC #: NIC #:
    Address: Address:
    Signature of Witness # 2
    Name:
    NIC #:
    Address:

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