POSTED BY January 31, 2014 2:53 pm COMMENTS (2)
ONI have multiple life insurances covered like company 2L (group policy), SBI Saving Account free life insurance for 1Lakh, LIC – 3 Lakhs.. and few more. In case of any unexpected death of me.. can my nominee or parents claim all of these claims? or any restrictions?
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Answer is YES. You have have 100s of policies and all can be claimed on death.
Dear Madhav, your nominnes or legal hiers can claim from all the life insurance policies, which are active on the date of death.
Thanks
Ashal