Protecting your hassle-free insurance claim

Lodging your claim within the correct time period and supporting it with all factual information and requisite documents will ensure the claim is settled promptly.

For many, premiums payable on an insurance policy that does not have any savings component (i.e. when no benefits accrue on maturity) may seem an unnecessary expense. However, many a times it is the only antidote against the uncertainties of life since it provides immediate financial help. Indicated below are simple tips that will enable you to receive the policy benefits, on maturity or death, from your insurance company, in a hassle-free manner…

Þ       In case of no previous knowledge of filing a claim, take the help of the insurance agent from who the policy was purchased before filing the claim form(s). Alternately, the Life insurance company can too be contacted and assistance can be taken from its office bearers.

Þ       File the insurance claim within the time period specified in the policy document. Any delay may result in the rejection of the claim.

Þ       In case of the unfortunate death of the life insured, certain original/certified copies should mandatorily be enclosed with the claim form. These include:

• Original policy bond
• Original/certified copy of the death certificate issued by the municipal authorities.
• Doctor’s certificate who attended the life insured at his/her last moment.
• Other medical/hospitalization records.
• Burial/Cremation certificate issued by the funeral authorities.

·       In case of death due to unnatural causes, duly certified police, postmortem and inquest reports.

·         Identity proof of the the beneficiary.