Which insurance policy documents should I keep for my family?
Short answer:Keep your complete policy document, any changes to it, premium receipts and confirmation of nomination details. Also record the insurer's name, policy number and where the original papers are kept.
What to keep together
The aim is simple: your family should know which policy exists, where to find it and whom to contact. Keep the policy schedule and terms, not just the first page. These explain the benefits, exclusions and conditions.
- The complete policy document, including the schedule and terms.
- The Customer Information Sheet or policy summary, where provided; it does not replace the full terms.
- Rider documents and endorsements confirming policy changes.
- Official premium receipts and relevant renewal records.
- The insurer's acknowledgement of nomination and subsequent updates.
- The insurer's official servicing contact and the location of paper originals.
What should my family know?
Start with the insurer and policy name, who the policy covers, where the documents are kept and the relevant official contact. Choose which documents to make available.
Save a clear digital copy for reference and keep any paper original somewhere secure. A receipt records a payment; confirm the policy's current status with the insurer when needed.
How Moksha Sutra can help
Add the policy to your records, attach the documents you want to keep and review any extracted details before saving. You can then select which record details and individual original documents to share with a trusted family member.
Moksha Sutra does not confirm that a policy is active, update the insurer's nomination or submit a claim. LIC's guidance below applies to LIC; use your own insurer's official instructions for other policies.
Related questions answered
Is a scanned copy enough for an insurance claim?
Requirements depend on the insurer, policy and claim. Keep any original issued to you and check the insurer's current requirements before submitting papers.
Does adding a nominee in Moksha Sutra update my insurance policy?
No. It records a private note. A formal nomination change must be completed with the insurer through its prescribed process.
Official sources
- LIC: policyholder guidelines (opens in a new tab)
- LIC: policy conditions and servicing (opens in a new tab)
Sources checked:
Disclaimer
The information provided on Moksha Sutra is for general informational and educational purposes only. It does not constitute financial, investment, insurance, tax or legal advice, and is not a substitute for advice from a qualified professional.
Laws, regulations and institutional procedures may change, and requirements depend on individual circumstances. Before making a decision or submitting a claim, confirm the current requirements with the relevant institution or official authority and seek professional advice where appropriate.
Moksha Sutra does not verify insurance coverage, legal entitlement or claim eligibility, and does not guarantee any outcome.
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