It can be helpful to check the features and details of the coverage of the policy. Who Needs a Certificate of Insurance?Ī Certificate of Insurance contains all relevant details of the policy. It is given to the policyholder after purchasing the policy. The policy certificate serves as a legal proof of the insurance policy.Īll life insurance plans, such as unit linked insurance plans, endowment plans, retirement plans, term life insurance plans, as well as health insurance plans, issue a policy certificate. It also contains the policyholder’s name and age, the purchase date, the maturity date and more.
It contains information about the insurance policy, including the type and scope of coverage, the status of the policy, limitations or exclusions and more. It is also called the Certificate of Insurance. What is a Policy Premium Certificate?Ī policy premium certificate or a policy certificate is a document that provides the key details of an insurance policy.
What is a 'Tax/Premium Paid Certificate'?
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