Prices Increasing Soon
With the COVID-19 pandemic wreaking havoc in the country, the insurance industry has witnessed a significant push. Term life insurance, in particular, has been popular among the general mass. These policies offer comprehensive financial protection to the family of the policyholders after their untimely death. It is important to be informed about the documents required to file a death claim and the claim settlement process to ensure that families get their due.
#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply
By clicking on "View plans" you agree to our Privacy Policy and Terms of use
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
The process of death claim settlement has been made simpler and significantly less time-consuming than before. Most insurers allow you to file claims directly on their websites without having to visit their branches. All you will need is a list of documents to upload, such as proof of death of the life assured, evidence supporting the claimant’s relationship with the deceased life assured, bank details, etc. In order to upload these at the insurer’s claims portal, you will need scanned copies of the documents required to file term insurance claims.
Term Plans
Death claim intimation requires details about the cause of death, the date, and the place of death. To ensure a smooth claim settlement process, you should keep documents validating the abovementioned aspects handy. The following section offers a comprehensive guide into the documents you will need to produce while filing a death claim against the term insurance coverage of the deceased policyholder.
For deaths occurring after 3 years from the date of risk commencement
Original policy document
Duly filled claim form application
Claimant’s statement, with information about themselves and the deceased
Original certificate of death attested by the local municipal authority
Deeds of assignments/re-assignments, if any
Evidence of title if the policy was not assigned
Copies of nominee’s identity proof such as Aadhar card, passport, voter ID, PAN card, as mentioned in the policy application
Canceled cheque and NEFT mandate
In the case of deaths due to medical illnesses
In addition to the above mentioned documents, you will be required to submit the following:
Attending physician’s statement/certificate
Proof of treatment in a hospital
Funeral/burial certificate
In the case of accidental or unnatural deaths
If the policyholder succumbs to death as a result of an accident or under any unnatural circumstance, claimants have to furnish the following along with the above-mentioned documents:
Certified copy of the First Information Report (FIR)
Post-mortem report
Police investigation report
If the death of the policyholder occurs within 3 years from policy inception, an early death claim has to be filed. Early death claims require you to submit the aforementioned documents based on the nature of the death along with the employer’s certificate if the deceased life assured was employed at the time of death.
Secure Your Family Future Today
₹1 CRORE
Term Plan Starting @
Get an online discount of upto 15%#
Compare 40+ plans from 15 Insurers
These documents are extremely crucial to facilitate a smooth claim settlement process. The insurer thoroughly verifies all the submissions and only then is the claim processed. If the insurer finds any fabricated information, the entire benefit amount shall stand canceled.
Another important role the documents required to file death claims play is distinguishing genuine claims from fraudulent ones. These documents come in handy during the investigation sought by the insurer.
Now that we are aware of the documents required to file term insurance claims, we can move towards understanding the process of death claim settlement. It primarily involves three steps:
Claim Intimation - Inform the company of the death of the policyholder. Fill out the claim intimation form available online on companies’ websites or offline at their branches.
Document Submission - Submit the relevant documents mentioned above as per the circumstances under which death occurred for verification by the insurer.
Claim Verification - Once the documents are verified, the company processes the claim and transfers the benefit amount directly to the assigned nominee’s bank account. As mandated by the IRDAI, an insurance provider is obligated to complete all death claims within 30 days from the date of intimation for cases that do not require further verification.
Note: Check all the best term insurance plan in India.
˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com in the first 6 months of FY 24-25.
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited
We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale
Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.
© Copyright 2008-2025 policybazaar.com. All Rights Reserved
+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
In Madhya Pradesh, the loss of a primary earner can place
Read more
ICICI Prudential Life Insurance Income Replacement Plan is a
Read more
In Himachal Pradesh, where families often rely on agriculture
Read more
The ICICI Prudential Life Insurance Income Replacement Plan is a
Read more
In Meghalaya, where the per capita income is lower than many
Read moreInsurance
Calculators
Payment Methods
Secured With
Follow us on
