On the happening of the event, the beneficiary is required to send claim intimation form to the insurance company as soon as possible.
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Claim intimation should contain details such as Date, Place, and Cause of Death. On successful submission of claim intimation form, an insurance company can ask for additional information about.
Legal Evidence of title in case insured has not appointed a beneficiary. On successful submission of all the document, the insurance company shall verify the claim and settle the same. There are broadly four major insurance principles applied in India, these being:. LIC — Life insurance corporation of India.
We all are uncertain of the future and although no one wishes anything unfortunate to happen to them, we should be prepared for unforeseen circumstances. Having a life insurance policy is a financial cushion that makes sure your family is well protected. A life insurance policy hence is a very small investment compared to the greater peace of mind it will bring you.
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