Life Insurance Policy claim process: Filling and Documentation

USNMix Report: Make such a claim within 30 days,
the full amount of Life Insurance will be found.

Better know the term and condition better before buying insurance. Do not hold insurance papers to the insurance agent and keep insurance papers with you.

We take all the insurance to ensure the financial security of ourselves and our family. In extreme circumstances it helps a lot. Now when medical expenses have increased, most people take health insurance. If someone gets sick due to insurer, then thousand, lakhs or Crores of money do not have to pay him with his pocket. If a person dies and have a General Insurance, then insurance company pays sum assured money to the nominee. But, when you take the insurance, there are all the benefits and conditions along with the terms and conditions. It is therefore necessary that you must read them. In this article, we will tell all the things related to life insurance. This will not make any kind of trouble for you to claim. 

Life Insurance Claiming Process

Upon the death of the policy holder, the dependents should send a written notice to the insurance company with details such as policy number, name of the insured, date of death, location and reason, etc. For this, you can get an information form from your nearest branch or download it from the official website.

Documents related to Life Insurance Claim

While submitting the claim form, file a death certificate, age proof of the life assured, policy document, deed of assignment, etc. If the death of a policy holder comes within three years of buying life insurance, then some additional documents have to be presented. Among them - if the deceased person was admitted to the hospital, the deceased person was admitted in the hospital, the cremation or burial certificate from the person present during the incident, the employer's certificate, if the deceased used to do the job, mentioning the details of the illness, a medical attendant Certificate is included.

Settlement statement within 30 days

According to the IRDAI rules, insurance companies should issue the sum assured within thirty days after the claim is settled. If the insurer needs to investigate further, then the payment process should be completed within 6 months of receipt of the claim.