How to Claim Term Insurance After Death? Process Explained

Step 1: Intimating About the Claim to Insurance Provider

Step 2: Keeping the Essential Documents Ready

Step 3: Insurer Will Thoroughly Inspect Your Claim

Step 4: Insurer Will Complete Your Claim Settlement Process

Once they see that all conditions are met, and there are no errors in the application form, they will approve your claim. Also, according to the policyholders' preferred payout mode, they will deposit the entire money at once or only the first instalment.

Additionally, you can keep all essential documents ready to complete the process efficiently without interruptions.

You can keep some essential documents ready while raising a claim for the policy:

• Death certificate of the policyholder
• Your KYC documents such as an Aadhaar card, Voter card, Passport, and PAN card.
• Original copy of policy documents that an insurer provides.
• Any additional documents, such as a copy of FIR, if the policyholder dies due to unnatural causes. 
• A doctor’s certificate if the policyholder was admitted to a hospital before death. 
• Essential medical records of the policyholder. 

Apart from this, there are some essential factors that you should keep in mind before you submit your claim application.

The factors that you must keep in mind before knowing how to claim a life insurance policy after death are as follows:

• Check all terms and conditions of the policy to make sure that circumstance under which a policyholder has died is included. Also, go through other conditions that are mentioned in the policy. 
• Verify if the policyholder has declared all their pre-existing medical conditions. This is essential because if the insurance providers come across medical conditions that are hidden, they will reject your claim.
• Make sure you correctly fill out the claim form without any mistakes or errors. Otherwise, upon noticing it during verification, insurance companies can reject your claim. 

However, before raising a claim, you must go through some essential conditions that you should fulfil to get approval.

The vital conditions that you should fulfil to raise a claim are as follows:

• It is essential to ensure that the policyholder dies of natural reasons only and there are no conspiracies involved. 
• There should be no criminal charges on the beneficiary raising the claim.   
• You must have the original policy papers and other necessary documents to furnish essential details and raise a claim accurately. 

The terms and conditions vary significantly with different policies available in the market. Hence, before raising a claim, you should read them carefully. However, if you do not understand any of these, you can contact the insurer. 

Now that you know how to claim term insurance after the death of the policyholder, you have to adhere to them strictly to correctly raise a claim. This will ensure that you will get claim approval in one go if all terms and conditions of the policy are fulfilled.