Documents Required Life Insurance Claims
Published On Sep 03, 2021 4:00 PM By InsuranceDekho
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Death is unavoidable, and the loss of a loved one can have an emotional and mental and financial impact on the family. Therefore, people should choose an appropriate life insurance plan, which provides death benefits to safeguard the bereaved from financial loss. Following the death of the life assured, the nominee or beneficiary can receive these death benefits by filling out an application and submitting the required documentation. Read on to find a thorough guide to life insurance death claims.
What is a Death Claim?
The nominees of a life insurance policy make an official request called a death claim. In the event of the insured's death, the nominee requests payment of the life cover sum. The death benefit is used to help the recipients with their financial obligations. The money can even be utilised to pay for your children's education or to cover your dependent parents' expenditures.
What Are All Documents Required For A Life Insurance Death Claim?
To file a death claim, you must submit the following documents.
Necessary DocumentsUnder this, original policy papers, original/attested copy of a death certificate issued by local municipal authorities, death claim application, NEFT mandate form certified by bank officials, cancelled cheque and a bank account passbook, photo identification proof for the nominee, such as a copy of their passport, PAN card, voter identification card, Aadhar (UID) card, and so on are required.
Additional DocumentsIf the person died in an unnatural manner, the nominee or beneficiary would be required to provide further documentation, such as the postmortem report and the police FIR. Accidental death claims can be filed with insurance companies in the event of an accidental death. You must fill out the claim form for accidental death benefits. A copy of the police FIR, a copy of the death certificate and a document that contains details about the accident's date, location, and circumstances have to be submitted.
Must read: Life Insurance Claim Process And Requirements
How to Make a Death Claim?
The most crucial step in this procedure is to notify the insurance company of the covered person's death so that the company will be able to start its processes. The person's death is then classified into two categories - early death and non-early death. The classification is based on the time span between the start of the insurance policy and the insurer's death. A claim notification form will be provided to you once the company has begun their proper process. You can apply for the death claim form on the same website where you got the insurance.
Nominees should file a death claim as soon as possible after the policyholder's death. It would be best if you made sure the documents mentioned above are in order. Moreover, you can request an updated paperwork checklist from your insurance company. However, be certain that you have all of the key ones on hand.
Also read: Who Is Eligible To Receive Life Insurance Claim Benefit?
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.