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To check the progress of your life insurance claim, go to the insurer's official website and log in to the customer portal with your registered credentials. Navigate to the "Claims" section and input your claim reference number or policy number to check the status. Also, mobile applications' track claim feature, toll-free number, or helpdesk emails can be utilised to obtain direct assistance in determining the status of the claim.
Your nominee may be required to submit the following documents to claim death benefits -
a. Death certificate (self-attested copy), Claimant statement form, KYC document of the beneficiary (self-attested copy), and bank details of the beneficiary.
b. Additional Requirements For Claims Within 3 Years: Self-attested copies of hospital or treatment records (if any), Original policy document, medical attendant's certificate (if any), and employer's certificate (if applicable).
c. Additional Requirements For Accidental Or Unnatural Death Claims: FIR and final police closure report, valid vehicle insurance document of the vehicle (if death was because of a road traffic accident), post mortem report, driving license (in case of death while driving), police inquest report/inquest panchnama, newspaper cutting (if any).
If the insured survives, they will need -
A. Properly filled out claim form or the payout form.
B. Original policy document.
Note: Specific requirements may vary by insurer and policy.
A smooth life insurance claim settlement benefits everyone involved. It offers quick financial relief to beneficiaries during emotionally tough times, helping to avoid financial strain. For insurers, it builds customer loyalty and simplifies administrative tasks while also cutting down operational costs and boosting overall efficiency.
Buy ₹1 Crore Term Insurance at Just ₹576/month*
Exclusively For Salaried Individuals
4 Plan Options
Life Cover upto 70 years
Optional Accelerated Critical Illness benefit
Inbuilt Terminal Illness Benefit
Life Cover
₹1 crore
Premium:
₹576/month*
ABSLI Salaried Term Plan (UIN:109N141V04) is a non-linked non-participating individual pure risk premium life insurance plan; upon Policyholder’s selection of Plan Option 2 (Life Cover with ROP) this product shall be a non-linked non-participating individual savings life insurance plan.
*LI Age 21, Male, Non Smoker, Option 1: Life Cover, PPT: Regular Pay, SA: ₹ 1 Cr., PT: 10 years, Annual Premium: ₹ 6400/- ( which is ₹ 576/month) Premium exclusive of GST. On death, 1 Cr SA is paid and the policy terminates.
Source
[1] https://irdai.gov.in/life3#:~:text=As%20per%20regulation,the%20due%20date.
ADV/4/25-26/58
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