What is Cover Note?
When a person buys insurance, they may first obtain a cover note, which provides cover short term while an application for insurance is being processed.
After processing of application, if the all the information provided by the party is verified, an insurance policy is issued.
Though the life policy is only an evidence to contract, the policy being a valuable document should be stored in a safe place till its maturity. This is very useful, if you are in problem far from home.
In case the policy gets lost, destroyed or mutilated, then the policyholder must immediately procure a duplicate policy.
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