The death of the insured needs to be informed to the
insurance company either directly or through the insurance agent who sold the
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 company's survey gets over, the insurance company pays 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.
ULIP Claims: Basics
How to collect maturity amount from insurer?
The death claim process is simple and the benefit is tax free
Critical illness benefit rider takes care of unforeseen medical expenses
ULIP Claims: Opinion
- Dyspeptics - Your sufferings have not been in vain!
- Right time to review your life insurance portfolio
- Why does it not make sense to mix insurance with investment?