Does Term Insurance covers natural death?

Yes, term insurance cover Natural deaths. There is a natural death cover in term insurance in case of death due to any illness or diseases or old age is termed as Natural death in life insurance while any death as a result of an accident is known as Accidental death. Death due to murder is covered subject to the nominee or the legal heir not being involved in the murder of the policyholder...Read More

How to Claim Term Insurance after death?

To claim term insurance after death follow the below steps

  • Step 1- Claim Intimation: Claim intimation can be done online or offline which should contain basic information such as the Name of the Policyholder, Policy number, Date of Maturity, etc. In case of offline intimation, the claim form can be availed from the nearest life insurance branch and duly filled before submission.
  • Step 2- Claim Processing: Once the claim intimation is done and the claim intimation number is obtained, the next step is to provide all the relevant documents to the insurance company.
  • Step 3- Claim Decision: After the submission, the company will verify the documents and assess the claim. You will be kept in the loop through regular messages and emails. Once everything is according to their rules, it will process the claim within 30 days.
Does Life Insurance Pay for Suicidal Death in India?

Death due to suicide is payable under your life insurance policy. In case the insured commits suicide within one year of taking the policy; up to 80% of the premiums paid will be settled as the claim amount to the nominee of the insured. If the insured customer commits suicide after 1 year of taking the life insurance policy; the sum assured mentioned under the policy would be paid to the nominee of the insured. It is important to check the terms and conditions of the life insurance policy before making the purchase decision.

How to Claim Life Insurance in case of death?

To claim Life Insurance in case of death go through our online portal which has a dedicated team of agents who will assist to the very end of your insurance policy.

Does Term Insurance Cover Natural Death?

Yes, term insurance covers natural death. In addition to natural death term insurance also covers the accidental death and death due to an illness or disease with few exclusions.

What are the benefits of Life Insurance?

There are so many uses of life insurance. Life Insurance provides you with a life risk cover that protects you and your family in case of an unexpected situation. Some of the benefits of insurance are Death Benefit, Return on Investment, Tax Benefits, Loan Options, Life Stage Planning, Assured Income Benefits, Riders, etc.

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