New Delhi | Jagran Business Desk: Life insurance is simply a bound contract between an individual and insurance company where the former agrees to pay a certain amount of money every month to ensure a lump sum amount to be paid to nominees after his/her death. The fixed amount is known as premium payment, while the lump-sum amount paid is the death benefit.

Life insurance policy is very important for every family. It is financially helpful for the family when the policyholder dies. If you have a life insurance cover, then you should tell the process of its claim to your family. Learn how life insurance is claimed and documents required in this process:

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Claim Process:

After the death of the policyholder, the dependents should send a written notice of the details like policy number, name of the insured, date of death, place and cause, etc. to the insurance company. For this, you can take the information form from your nearest branch or download it from the official website.


While submitting the claim form, submit the death certificate, age proof of the insured, policy documents, deeds of assignment etc. If a policyholder dies within three years of purchasing life insurance, some additional documents have to be submitted.
These include - hospital certificate (if the deceased person was hospitalised), cremation or burial certificate from the person present during the incident, employer’s certificate if the deceased person was employed, a medical attendant mentioning the details of the illness.

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Claim Settlement:

As per IRDAI rules, insurance companies should release the insurance amount within 30 days of the claim. If the insurance company needs additional scrutiny, the process of providing payment should be completed within 6 months of receipt of the claim.

Posted By: James Kuanal