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