Description

To receive the benefit of an insurance policy, it is essential to provide documentation confirming the occurrence of a loss and its impact on you. This proof establishes that a loss has transpired and directly affects you. When you have an interest in an asset, any damage to it can impact your income. Therefore, safeguarding the asset and maintaining financial records is crucial to prevent legal complications.

In the realm of insurance, when a loss occurs, the benefit is payable to the nominee, contingent upon the submission of all necessary claim documents. These documents, such as the insurance policy copy, validate the policy's active status during the claim period and demonstrate that the loss falls within the policy's coverage.

Insurance companies typically outline a set of required documents for both death and maturity claims, including original policy documents, claim forms, death certificates, proof of survival, age verification, hospital records, and certificates.