Overview

The death of the insured needs to be informed to the insurance company either directly or through the insurance agent who sold the term insurance policy to the insured. Contact details are usually given on the insurer's official website. The insurance companies have death claim forms that need to be filled up and submitted to them along with a list of documents.

Once the insurance company is done with it's survey, it will pay the nominee the sum assured.

If the insurer is satisfied with a claim, it pays the settlement; if there is doubt, the insurer may ask the claimant to submit more documents.

Term Insurance Claims: Basics

What is life insurance?

What is life insurance ? a term policy or insured sum? If all this sounds alien to you , here's something for you. Get answers to your questions, at least some. ......

The death claim process is simple and the benefit is tax free

Make life easy after death . Fill in a form to file a death claim . It will be about four months before you can get the claim amount. ......

Critical illness benefit rider takes care of unforeseen medical expenses

The Critical illness benefit rider will take care of your medical expenses in event of a critical disease. ......

Decision-making Corner

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