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?
The death claim process is simple and the benefit is tax free
Critical illness benefit rider takes care of unforeseen medical expenses
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