Examine the policy bond

In every policy bond dispatched to the customer there will be a notice prominently printed on the policy, “You are requested to examine this policy, and if any mistake be found therein, to return it immediately for correction”. To err is human. For many reasons such as wrong entries in the proposal or other documents or at the stage of data entry or due to simple clerical mistakes of omission / commission there may appear mistakes in the policy bond. There can be cases where wrong policy forms are used while printing the policy – a proposer who submitted a proposal for cash-back policy may receive policy bond for an annuity plan. This is also a case of mistake. A mistake in a document does not confer any right on the policy holder.