Life Insurance Claims Related FAQs
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Table of Contents
- How soon should I lodge a claim with the insurer?
- Who will receive the benefits from the claim?
- How do I make an insurance claim in the event of a death?
- How do I make an insurance claim when my policy matures?
- Where do I submit the claim forms?
- What if a policy has no nominee?
- What if my nominee expires during the tenure of my policy?
- How long does it take for the insurance claim to be approved?
How soon should I lodge a claim with the insurer?
Who will receive the benefits from the claim?
How do I make an insurance claim in the event of a death?
How do I make an insurance claim when my policy matures?
Where do I submit the claim forms?
What if a policy has no nominee?
What if my nominee expires during the tenure of my policy?
How long does it take for the insurance claim to be approved?
About Author
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Disclaimer
ABSLI DigiShield Plan is a non-linked non-participating individual pure risk premium life insurance plan; upon Policyholder’s selection of Plan Option 9 (Level Cover with Survival Benefit) and Plan Option 10 (Return of Premium [ROP]) this product shall be a non-linked non-participating individual life savings insurance plan. UIN: 109N108V11
¹ ABSLI DigiShield Plan scenario: Female, non smoker, Age: 21 years, level Term Insurance, Premium paying Term: regular pay, policy term: 25 years, Pay frequency: Annual Premium of Rs. 6500/12 months (on average Rs. 542/month) Exclusive of GST (offline premium).
2 Our life insurance policies cover COVID -19 claims under life insurance claims, subject to applicable terms & conditions of policy contract and extant regulatory framework.
3As per annual audited figures submitted to IRDAI for the period FY 2020-21 for individual death claims paid.
ADV/8/21-22/815
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