3 replies on this article “CLAIM PROCESS ?”

1. BHAVANA says:

   March 26, 2012 at 9:43 am

   Dear Ashal
   My question is regarding Life Insurance Policy (Term plan).
   Do one need to give the death cerificate in original? If yes,then how can we give 2 original certificate if one had taken 2 policies from different Ins. companies??
   According to IRDA in how many days Ins.Company have to settle the claim?

   Reply
2. ashal jauhari says:

   March 25, 2012 at 5:13 pm

   Dear Bhavana, Are you asking to file a claim for life insurance policy?

   Please confirm the same.

   Thanks

   Ashal

   Reply
3. BanyanFA says:

   March 25, 2012 at 1:16 pm

   Hi Bhavana,
   I am assuming that your query is with regards to the claim process for Life Insurance & Not General Insurance.

   For Life Insurance, you would need to contact the respective life insurance company and request them for the claim form. It has to be done within a specific number of days (generally less than a month). The documents in case of all insurance companies are the same, though each insurance company can have specific requirements. The general docs are:
   1. Death certification;
   2. Claim form in specific format;
   3. Policy document;

   You must request your agent / insurance company to give you the details. Insurance companies give the details on their website. For example, in case of LIC, the documents are http://www.licindia.in/policy_conditions.htm#14 (go into the section death claims).

   Regards
   BFA

   Reply

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