All you need to know about filing a Life Insurance Claim
by Jessy Jose An Insurance AdvisorThe death of loved one can really devastate a family. And
when that loved one is the sole breadwinner the sadness is mingled with an
added anxiety. You don’t know what the future holds and are constantly worried
about how things are going to turn now that you don’t have an earning member or
a source of income. During such a time life insurance policy doesn’t come to
mind. But these policies can really save you a lot of hardships.
Dealing with life insurance companies is the last thing you want to do
when you’re in mourning but when you know exactly what to do, it isn’t that
much of a hassle.
Here’s a step by step guide that will help you make your life
insurance claim.
Step 1: First and the most important thing to do is to inform
your life insurance company about the death of the policyholder. Insurance
companies classify deaths in two basic categories. These are ‘early death’ and
‘non-early death’. The categories are based on when the policy was bought from
the life insurance company. If the policyholder dies within three years of
buying the policy, then it is considered an early death. Any time after that,
during the term of the policy is considered non-early death.
Step 2: Ask your life insurance company for an intimation
form and get the process started. If the life insurance
was purchased online then start the process on your online account by filling
out the form.
Step 3: Ask for all the necessary documents required to get
your claim. The basic documents that you will need are listed below.
- ·
Death
certificate
- ·
Original
policy documents
- ·
ID
proof of the beneficiary
- ·
Age
proof of insurer
- ·
Discharge
form (executed and witnessed)
- ·
Medical
certificate (as proof for cause of death)
- ·
Police
FIR (in case of unnatural death)
- ·
Post-mortem
report (in case of unnatural death)
- ·
Hospital
records/certificate (if the deceased died due to an illness)
- · Cremation
certificate and employer certificate (in case of early death)
Do not wait too long after the death of the policyholder to file for a claim. Ensure that you have all the necessary documents before you file for your claim.
Dealing with the death of loved one can be very difficult. But once you receive your life insurance claim you can finally start the process of picking up your life again and start up all over again.
Sponsor Ads
Created on Nov 17th 2017 04:46. Viewed 1,205 times.