As Chennai limps back into normalcy following the floods, people of the city are struggling to reapply for those key financial documents, which were washed away in floods. In India, the process of obtaining duplicate documents is cumbersome, and thus, those who rely on keeping physical documents might have to take a lengthy route.
Here are some of the ways in which individuals can re-obtain the lost or misplaced documents -
Mutual Funds: Thanks to the transition of the industry to the paperless investment process which will ultimately help investors to obtain their duplicate documents in a matter of hours. An investor, who has given his/her email id at the time of investments can call for consolidated statements across all mutual funds from the registrars, i.e., CAMS and Karvy. For those who have not mentioned their e-mail IDs can reach out to the customer care numbers of the fund houses and can get the physical statements by citing PAN number.
Property related papers: First and foremost, an individual will have to file an FIR for the loss of property papers followed by public notices in newspapers. Once this is done, an individual can approach the registrar to seek the title deeds, which are recreated through a standard process. Similarly, an individual will have to intimate the lender to obtain the home loan agreement from them.
Life Insurance: A declaration on an indemnity bond coupled with identification proof and photograph should be submitted to the insurer or agent. On receipt of which, the insurer will issue a duplicate policy.
Health insurance or motor insurance: Just like life insurance, an individual is required to submit indemnity bond for obtaining policy document for any other insurance. The process becomes simple if one is aware of the policy number. However, if the policy number is not known then details such as date of birth of the policyholder or email ID or a registered mobile number will be sufficient to get the policy document.