Articles

Latest articles on Life Insurance, Non-life Insurance, Mutual Funds, Bonds, Small Saving Schemes and Personal Finance to help you make well-informed money decisions.

Life Insurance - Does your nominee know to claim a policy?

09 Feb 2006

fjrigjwwe9r3SDArtiMast:ArtiCont

ventolin over the counter usa

ventolin

Life is not simple. You have to fight against odds to reach a particular target. Not an easy journey to reach your goals. I am sure many will agree to this. It is soothing to imagine that nothing will ever happen to you. But what if you had to meet with an accident or something dreadful had to happen that would hamper your continuous flow of income. What would you do? Insurance is the answer to such situations.

To ensure financial shelter for your family members, get yourself insured. If you have already opted for insurance, it is commendable. But have you taught your nominee to make a policy claim should anything happen to you? If you haven't, you need to take an action as early as possible and if you are not aware of it, approach an agent for the same.

A majority of the nominees are unaware of how to claim a policy. To make things simpler, the following needs to be kept in mind by the nominee:

In event of the death of a policyholder, the claimant/ the nominee should immediately convey certain information to the insurance branch office where the policy is serviced. He/she should have the following documents ready:

  • A statement that the policyholder is dead
  • The date of death
  • The cause of death
  • The place of death
  • The policy number (s)
  • The claimant's relationship with the deceased policyholder
  • As soon as the insuring company receives these details, the concerned branch office sends the necessary claim forms for completion along with specific instructions regarding the procedure that should be followed by the claimant.

    Source: insuremagic.com BACK

    To be added soon

    Priyanshu B. Tanna

    SEBI registered IFA

    ARN119467 & EUIN E-183966

    To be added soon

    Bharat Tanna

    SEBI registered IFA

    ARN26176 & EUIN E-044509

    To be added soon

    Kundan B. Tanna

    SEBI registered IFA

    ARN294073 & EUIN E-553599

    Risk factor

    Risk Factors – Investments in Mutual Funds are subject to Market Risks. Read all scheme related documents carefully before investing. Mutual Fund Schemes do not assure or guarantee any returns. Past performances of any Mutual Fund Scheme may or may not be sustained in future. There is no guarantee that the investment objective of any suggested scheme shall be achieved. All existing and prospective investors are advised to check and evaluate the Exit loads and other cost structure (TER) applicable at the time of making the investment before finalizing on any investment decision for Mutual Funds schemes. We deal in Regular Plans only for Mutual Fund Schemes and earn a Trailing Commission on client investments. Disclosure For Commission earnings is made to clients at the time of investments. Option of Direct Plan for every Mutual Fund Scheme is available to investors offering advantage of lower expense ratio. We are not entitled to earn any commission on Direct plans. Hence we do not deal in Direct Plans.

    Copyright © 2025 Design and developed by Fintso. All Rights Reserved