Death or maturity Claim of Insurance

The most important part in insurance is Death or maturity claim. So many Financial consultants and Customer give it less important. So many time Financial consultants also suggest Customer not to disclose their illness which is a big mistake and always create dispute at the time of Death claim.

Documents Required in Death Claim are:


•Policy Document•Assignment Deed


•Age Proof(if not submitted)


•Certificate of death


•Legal evidence of title


•Discharge Voucher


Documents Required in Maturity Claim are:


•Policy Document•Assignment Deed


•Age Proof(if not submitted)


•Identity proof


•Discharge Form


If the life assured had an unnatural death, such as accident, suicide or unknown causes, police inquest report, panchanama, chemical examiner’s report, post mortem report, coroner’s report, etc. would be required.
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The Supreme Court (SC) has ruled that unless there is a specific contract, an insurance company is not under obligation to pay compensation to a person or an employee who dies in a road accident while driving the vehicle of his employer.
The court said that only when a claim is made under Section 163, a person is not required to establish the charge of negligence. Accordingly, the court reversed the decision of the High Court and ruled that the insurance company was not under an obligation to pay the compensation. Courtesy: Economic Times
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Remember: As your doctor gives you the right medicine, in a same way your Financial Consultant suggest the right financial plan for you.So Before You invest Consult Your Local Financial Consultant authorized by irdawho work To protect the interests of the policyholders.


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