PROCEDURE OF CLAIMING INSURANCE IF SOMEONE DIES

 

Death is always sad for the family of the deciesed but someone's death doesn't stop the other family members to stop their life from living and for living they need the death claim benefit from the insurance company and by these following procedure one can claim the death benefit from the Insurance company

1) Firstly inform the insurance agency about the death of the policy holder and also inform them whether it is an early death or non early death. An early death is that death which happens within 3 years from the date of commencement or revival of the policy (whichever is later).

2) Get the claim settlement form from the Insurance Company, fill it with all the details and attach all the related document :-
       a) Original Policy documents
       b) Nominee Details
       c)  Death Certificate duly notarised
       d) Medical Certificate as cause of death from the hospital as death proof.
       e) FIR Copy (if unnatural death)
       f)POSTMORTEM report (if unnatural death)
       g) Insurer age proof
       h) Driving license of the  deceased person if the death happens while driving and due to accident.
       i) Cremation Certificate  or Burial Certificate.
It is very important to keep the acknowledgement slip mentioning all the documents which were submitted because it may required for compliance of claim settlement.

SETTLEMENT OF CLAIM:

    As per Regulation 8 of IRDAI REGULATION 2002 the insurer is obligated to settle  a claim within 30 days of receipt of necessary document including extra document sought by the insurer. If claim require further investigation then it should be completed within 6 months of receiving the written intimation..

Hope this article will help you readers if someone wants to know how to claim the policy  insurance after insurance holders death 

THANK YOU..