Overview
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.
The company will carry out its own survey before paying 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.
Endowment Claims: Basics
Endowment Claims: Opinion
Decision-making Corner
- Returns on Endowment Policy vs. Inflation Calculator
Do the returns on my endowment policy beat inflation? - Returns on Children's Endowment Policy vs. Inflation Calculator
Do the returns on my children's endowment policy beat inflation? - Calculator: Should I Continue My Endowment Policy?
Use this calculator to find out if you should continue your endowment policy or invest the premium amount saved in other avenues. - Calculator: Should I Continue My Children's Endowment Policy?
Use this calculator to find out if you should continue your children's endowment policy or invest the premium amount saved in other avenues.
Get Life Insurance Proposals
Upto 5 providers will offer you alternative proposals based on Apr 2018 premiums