Insurance Product

Term Life Insurance Claim

Request your claim and enjoy
the policy benefits without any hassle.

A term life insurance is claimed by the beneficiaries or dependents (family members) to the insurance company against the death of the policyholder within policy tenure. After the beneficiaries file a request for the death benefit, the insurance provider pays out the sum assured on approval of the claim.

What should you consider before filing a claim?

Today’s advanced technology-driven companies have hosted the claiming process smoother which is easy to understand for the claimers and time-effective. However, before filing a claim, the beneficiaries need to consider the below facts.

The premiums for the plan have been cleared
The term plan has not lapsed
The plan covers the situation behind the untimely death of the insured
Your details on the documents are correct and up-to-date
Keep in mind the exclusions of the plan

Term Insurance Claim Process

A step-by-step guide for the claimants to initiating a claim process against the existing term insurance policy.

Inform the insurer

If the insurance holder dies during the tenure of the policy, inform the policy provider without much delay. You can call the toll-free number of the provider or visit the nearest branch.

Fill up the form

To file the claim, the very first step is to fill up the claim settlement form which is available either on the company’s official website or you can collect the form from the branch office.

Attach necessary documents

You need to attach all the vital and relevant documents to support your claim.

Duly filled and signed claim form

Last medical or doctor certificate

ID proof of the nominee (Original and copy) along with photos

Original policy documents

Medical and hospital records

Post mortem reports

Original or copy of Death Certificate

Submit the duly filled and signed documents

After checking and cross checking that the documents are rightly attached with the claim settlement form, submit it online or at the branch office.

Claim settlement

The claim settlement process starts right after the submission of documents.

Claim Approval

The insurance company pays out the pre-specified sum to the claimant as soon as the claim request is approved after documents verification.

Tips to Remember

In the case of death of the nominee before the policyholder, he/she can appoint another person as a nominee abiding by all the terms and conditions of the policy.

In the case of death of both the policyholder and the nominee, the benefit will be provided to the next inheritor.

In the case of suicide, the claim is settled after one year of the policy taken.