Documents Required For A Life Insurance Claim | Documents For Death Claim

Documents Required For A Life Insurance Claim

Life insurance is the trendiest way of long-term financial planning these days. It secures the future of your family members in the adverse situations that is generated abruptly. The life insurance company formulated the contract between the insurance holders and company. But the beneficiary of the insurance policy only avail this help if they posses all documents for Death Claim. So we are mentioned Documents required for a Life Insurance Claim on this page.

Documents Required For A Life Insurance Claim

Life policies are legal contracts which provide the benefits when the insured has died and their family members put the file of death claim with the insurance company after submitting the certified copy of insurer death. If you adore your family and wants they can spend their life without impenetrability even after you, so apply for life insurance with precise and appropriate documents.

Types Of Life Insurance

There are five types of life insurance policies which are as under;

  1. Term Insurance
  2. Endowment Policy
  3. ULIP – Unit Linked Insurance Plan
  4. Money Back Life Insurance
  5. Whole Life Insurance

Read AlsoHow To Buy Online Term Insurance Plans

Documents Required

When an insured dies as per the term of the policy, then their beneficiary can claim the proceeds and this claim is called ‘death claim’ or a ‘Life Insurance claim’. Generally, a death claim would require these documents:

The Death Certificate

Claiming process of life insurance is painful but the copy of death certificate makes it hassle free and more convenient. If you are a beneficiary of a life insurance so you can apply of benefits with required documents. Death certificate is the most important document without it you can’t claim.

Know About – How to Choose the Best Life Insurance Plan

Original Policy Documents

For claiming process applier must possess the Original policy documents because it is the proof your beneficiary of such a policy. All the mandatory details like as rate of the policy, time period of the policy is mentioned in Original policy documents so if you want take benefit of policy you have to submit important documents.

ID Proof Of The Beneficiary

Identity proof certificate is the foremost document in any situation. You’re driving license, voter card, Adhaar card works as your id proof. For life insurance claim beneficiary have to put his/her id proof certificate.

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Police FIR Copy

In the case of accident or any unnatural death beneficiary need to submit the FIR copy to the policy house. It is essential evidence which is helpful to proof the unnatural death.

Hospital Records

Applier has to collect the Postmortem report in case of unnatural death like as if the insurer dies in road accident or any disease. Hospital will issue the report in which the death reason is explained.

Cremation Certificate

Claimant must apply for insurance claim immediately after the death of insurer because if you late apply the further process will take more time.

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How Much Life Insurance Do You Require?

It depends on the various factors like as marital status, age and gender etc. many people think they are young fit and fine so they don’t need life insurance but as the time spending as they grow old and also financial responsibilities get increased with time, you may choose the best life insurance policy of high sum assured.

Benefits Of Life Insurance

  • Life Risk Cover
  • Death Benefits
  • Return on Investment
  • Tax Benefits
  • Loan Options
  • Life Stage Planning
  • Assured Income Benefits

Check Also – How To Choose The Best Health Insurance Plan

Best Life Insurance Companies In India

  • Life Insurance Plans
  • Aegon Life iTerm Plan
  • Aviva I-Life Plan
  • Bajaj AllianziSecure
  • Bharti AXA eProtect Term Plan
  • HDFC Click2Protect Plus
  • HDFC Life Sanchay
  • HDFC SL Crest
  • ICICI Pru iProtect
  • Kotak Life Preferred e-Term
  • LIC AmulyaJeevan
  • LIC New JeevanAnand
  • LIC Term Plan
  • Max Life Online Term Plan
  • SBI eShield Plan
  • SBI ShubhNivesh Plan

Read Also – How To Choose Best Home Insurance Plan

Several situations can result in later payment of a claim. If the insured died within the first two years after the policy, their own that are eligible for claim can apply for insurance with suitable documents but unfortunately they will have to face six to 12 months delay payment.

 

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