22 October 2024

FAQs About Life Insurance Death Claims

FAQs About Life Insurance Death Claims



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In this article of Jeevan Bima Bazaar, we are going to present answers to some of the questions related to Death Claim which are often asked by Life Insurance Agents and Policyholders. Life Insurance is not just a means of saving, but it is the basis of Financial Security for the future of the Policyholder and his Family.

Now if you are an Insurance Agent, then you must have answers to all types of questions related to Death Claim. So that, you can help your policyholders and their nominees at the time of claim. We also want to tell you that if you have some questions related to Death Claim which have not been answered here, then write it in the comment box. We will be happy to help you.

Important Questions and Answers related to Death Claim

What to do after buying a Life Insurance Policy?

Buying a Life Insurance Policy is a very wise decision. Because it provides Financial Security to your family's future. But most people do not give information about it to any of their family members after buying a Life Insurance Policy. Due to which there may be a delay in the Death Claim later.

In many cases, when the Death Claim is made very late in the Life Insurance Policy, the Insurance Company can also reject such claims. Therefore, after buying a Life Insurance Policy, you must give its information to your family members.

What is Death Claim in Life Insurance Policy?

Death Claim in Life Insurance Policies means the amount that the nominee of the policyholder receives from the Insurance Company on the Death of the Policyholder. On the death of the policyholder during the policy term, the nominee declared in the policy has the right to receive this amount as per the terms of the policy, provided the policy is in full force at the time of the policyholder’s death.

What should be done after the death of the Policyholder of a Life Insurance Policy?

Immediately after the death of the policyholder, the nominee declared in the policy should inform the Life Insurance Company about this event in writing. Immediately after the written information of the death of the policyholder, the Insurance Company issues the necessary documents and other guidelines regarding the death claim of the policy.

What documents are required for Death Claim?

Immediately after the death of the policyholder in a Life Insurance Policy, the nominee should give written information to the concerned Life Insurance Company along with the Death Certificate of the policyholder. In which detailed details of the death of the policyholder are given. You can download this application from our website.

Why is it important to check Life Insurance Documents?

It is very important to check documents in Life Insurance Policies as any mistakes like Name or Date of Birth can cause problems in future Insurance Claim Processing or Payment. If the documents are not correct and updated, your family may face various Financial and Legal Problems after your death.

Accuracy of documents ensures that there are no hindrances in the Life Insurance Policy processing and your family can get your life insurance policy claim payment easily.

How do I check my Life Insurance Policy Documents?

You should check the documents for your Life Insurance Policy in such a way that if there is a Death Claim in your Insurance Policy, your family will not face any problem in getting the money.

Match the Name and Date of Birth: Your Name and Date of Birth in your Life Insurance Policy should be as per your School Certificate.

Check the Nominee Details: The Name and Age of the Nominee appointed in your policy should be as per his/her School Certificate.

Check other Documents: The documents of you and all your family members like Aadhar Card, PAN Card, voter ID Card, Ration Card, Copy of Family Register, Driving License, etc. should match the Name and Date of Birth of all as per their School Certificate.

Read the Terms and Conditions of the Policy: In the Policy Bond of the Life Insurance Policy, all the Terms and Conditions of the Policy are given in detail. So you must read all the terms and conditions of your policy carefully.

Within How many days should an Insurance Claim be made after death?

In Life Insurance Policies, the death of the insured person must be reported within 15 to 90 days. The main reason for this is that if the insured person dies due to an accident or other unexpected reasons, the investigation process remains simple and effective for the insurance company. For example, in case of accidental death, if the investigation is done on time, the correct details of the incident can be obtained from eyewitnesses and other evidence. But if there is a delay, obtaining evidence and information can be challenging. For this reason, it is considered better to apply for a death claim within 15 to 90 days in most life insurance policies.

What Should Be Checked First in the Death Claim of Insurance Policies?

The first thing to check in the death claim of an insurance policy is the FUP (First Unpaid Premium). Verifying the FUP clarifies whether all policy premiums were paid up to the time of the policyholder's death. To do this, check the "Next Premium Due" date on the last premium receipt. If this date falls after the policyholder's death, it indicates that the policy was active at the time of death and is therefore eligible for a death claim.

What are the implications if an insurance company receives a death claim notice late?

If a life insurance company receives a death claim notice after a significant delay, the claim investigation process may become more complex. In addition to the standard claim review, the insurer will likely examine the reasons behind the delay in submitting the death notice, which can extend the overall processing time. If essential evidence related to the death is difficult to obtain due to the delay, the insurer may be unable to validate the claim, potentially leading to its denial. Timely submission of a death claim helps ensure a smoother and more efficient claims process.

What type of Death Certificate is Required for a Life Insurance Policy?

For a life insurance policy's death claim, a valid death certificate is essential. Insurance companies and financial institutions generally accept a death certificate issued on Form No. 6C as the official and valid form of certification. This specific format, typically issued by recognized local authorities like a municipal corporation or state-recognized office, is necessary to initiate the claim process successfully.

Certificates from non-official sources, such as a village leader or an unverified hospital document, may not be considered adequate unless they are subsequently processed into the official Form No. 6C.

How can I obtain an official death certificate for a life insurance policy?

To obtain an official death certificate for a life insurance policy claim, follow these steps:

Obtain a Local Certificate: For individuals in rural areas, a preliminary death certificate can be obtained from the village head, while residents of urban areas can obtain one from the Nagar Panchayat. If the death occurred in a hospital, the hospital may also issue a preliminary death certificate.

Apply for the Official Certificate (Form No. 6C): Using this local certificate as a basis, you can apply for an official death certificate in Form No. 6C by visiting a Sahaj Jan Seva Kendra or a Common Service Center (CSC). This official certificate is generally required by insurance companies and financial institutions for claim processing.

Processing Time: After submitting the application, the official death certificate is typically issued within 15 to 21 days, allowing you to proceed with the insurance claim process.

If the death has occurred in a village or hospital, where can I obtain the death certificate?

If a policyholder passes away in a village, the initial death certificate can be obtained from the Gram Panchayat. For deaths occurring in a hospital, the hospital itself can issue a preliminary death certificate.

After receiving this local certificate, you can visit a Sahaj Jan Seva Kendra or Common Service Center (CSC) to apply online for an official death certificate. Once the registration process is complete, the official death certificate is typically issued within 15 to 21 days. This official document can then be used to file a death claim with the insurance company.

What should I do if there is a delay in getting a death certificate for a life insurance claim?

If there is a delay in obtaining a death certificate needed for a life insurance claim, it’s advisable to immediately submit preliminary death claim information to your life insurance company. This helps establish an early record of the policyholder's death, ensuring that the claim is documented within a reasonable timeframe. By notifying the insurance company promptly, you reduce the risk of claim rejection due to delays in obtaining the necessary documentation. Click on the button below to get detailed information on this topic.