The process for filing a claim
Amit told Ananya to keep her evening free for a meeting with the insurance agent. “But why, I thought we’d catch the Thursday premier of that new feature film today!”
“Hey, that can wait for the weekend, that’s our time together my dear, that’s why I decided to call him on a weekday…but see, we’ve just recently taken our policies and we need to know, both of us, how to operate it when or if the need arises. Yes, I know you think that’s morbid, but let’s be practical.”
Anaya wanted to know what operate the policies meant. He said, “Oh it’s about the claims process. Let’s see what he has to say.”
In the evening, Jatin the agent put them at ease saying, “This is an important process to know about, not that anything untoward should happen soon, God forbid, but it’s better to be prepared!”
Well, the Claims Process usually has some predictable steps.
|Filing a Life Insurance Claim|
Claim settlement is one of the key services that an insurance company provides to its customers.
Insurance companies are obligated to settle claims promptly.
The process is as follows:
You will need to fill a claim form and contact the financial advisor or insurance agent from whom you bought your policy and submit all relevant documents. Most claims are settled by issuing a cheque within 7 days from the time the documents are received. In case there is a problem with any part of your claim, you will be notified in writing.
Types of claims
|Let’s take the case of a Term Life Policy:|
|In case a situation for a claim arises, you should:|