life insurance I Lic policy list I Licindia
According to IRDAI, there should not be any delay in making a claim in such a situation. In making a claim against the policy, the date, place and cause of death of the policyholder has to be mentioned.
Life insurance policy protects you in many ways. Apart from any emergency like death, disability, accident, it also works as a financial shield for you and your loved ones in retirement. Unfortunately, if the life insurance policyholder dies, his/her nominee or assignee must be aware of making a claim against that life insurance policy. According to the insurance regulator IRDAI, in such a situation, there should be no delay at all in claiming against the life insurance policy.
who can claim Insurance death of the policyholder
In case of death of the policyholder, his nominee or assignee can claim in lieu of that policy. In the absence of these, any close relative or agent who handles the policy can make a claim.
This information has to be given in the claim
In making a claim against the policy, the date, place and cause of death of the policyholder has to be mentioned. According to IRDAI, it is the responsibility of the insurance agent to assist the life assured family or the assignee or the nominee, in co-ordination with the insurance company in completing all the procedures.
Following documents should be prepared according to the reasons of death
- Provided by the insurance company and filled in the claim form with the information being sought
- Policyholder’s death certificate
- policy document
- Deeds of Assignment
- Legal certificate if the policy has no nominee or has not been assigned
- Medical Attendant’s Certificate
- hospital certificate
- Employer’s certificate
- police inquiry report
- post mortem report
How to claim on maturity of policy
If the policy is about to mature while the policyholder is alive, then the life insurance company sends you a notice about it two-three months in advance along with the discharge voucher.
It contains the date of maturity and the details of the maturity amount. The policyholder has to sign the discharge voucher and send it along with the original policy bond to that life insurance company so that your payment is done.
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