Claim Document

Claim documents are the essential documents that the insured needs to submit to the insurance company for processing the claim further. This document includes the details that help the insurance analyse the loss and take the decision to settle the claim.

To get the claim benefit of an insurance policy, it is mandatory to produce documents that support the occurrence of a loss. You have to establish the fact that loss has occurred and that you are directly impacted by it.

When you have an interest in any asset, you are making income from it. If the asset is damaged, your income will get affected. To prevent such a situation, you will take care of the asset and invest money timely to take care of your finances. You will keep all the documents safe to prevent any legal issues over it.

In insurance, when a loss happens, the benefit becomes payable to the nominee. But to receive the benefit, the nominee has to submit all the supporting claim papers. Like they have to submit a copy of the insurance policy to prove that the policy was in effect at the time of claim. The documents help to testify that the loss has occurred due to any reason that is covered under the policy. Only if the loss arises under the scope of the policy, the claim will be paid.

All insurance companies provide a list of documents that need to be submitted for both death and maturity claims. Some common claim documents include original policy documents, claim forms, certificates of death issued by Municipal corporations, proof of survival, age proof, hospital certificates and records.

Anuj purchased a term life insurance policy for Rs.50 lakhs. He had nominated Anup, his son, as the nominee. Unfortunately, Anuj passed away during the policy term and Anup filed a claim to receive the death benefit. To help the insurance company in processing the claim, Anup had to submit all the claim documents which sped up the claim execution process. All the claim documents were required in original, enabling the insurance company to process the death claim.