Procedure to Claim policy money If both policy holder and nominee are dead ?

POSTED BY lifelifelife ON September 23, 2013 11:05 pm COMMENTS (4)

If policy holder (father) died and daughter came to know that the nominee of the life insurance of her dad was her mother who already passed way 2 years prior. What will be the procedure in this case? We are 2 daughters and elder daughter got married to Muslim and practicing Muslim. I am younger daughter not married and practicing Hindu. How should i go about for claiming the policy?

4 replies on this article “Procedure to Claim policy money If both policy holder and nominee are dead ?”

  1. ashalanshu says:
    September 25, 2013 at 8:38 pm

    Dear Lifelifelife, as the person in question has died without leaving any WILL, from legal point, this situation is called dies intestate. So you need court’s succession certificate to claim money from wherever the person in question was having investments.

    Please read the following carefully.

    http://www.bemoneyaware.com/blog/paperwork_documents/

    Thanks

    Ashal

    Reply
  2. josephtdmc2005 says:
    September 25, 2013 at 12:47 am

    I think this article might help you

    http://businesstoday.intoday.in/story/how-to-choose-nominee-for-insurance-policy-to-help-claims/1/18850.html

    Reply
  3. lifelifelife says:
    September 24, 2013 at 1:44 pm

    dear Ashalanshu,
    his dismiss was sudden. we had not written any will. please advise options and procedure
    thanks

    Reply
  4. ashalanshu says:
    September 24, 2013 at 12:23 pm

    Dear lifelifelife, is there any WILL of your father in existence?

    Thanks

    Ashal

    Reply

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