Tips on making claims<\/p>\n
JAKARTA (JP): Almost all life insurance companies boast that
\nthey can process claims as fast as withdrawing money from a bank.
\nBut in reality, many policyholders or their spouses face
\ndifficulties receiving their insurance benefits mainly due to the
\ndifferences between the beneficiary's and the insurance company's
\nperception of the policy.<\/p>\n
To avoid such circumstances, we have to be very clear about
\nthe policy before we commit to it. We should explain the terms of
\nthe policy to our family and keep the policy in a safe place. If
\nyou pay your premiums through a sale agent, make sure the
\nreceipts are genuine. It is therefore important to regularly
\ncheck our premium payments with the insurance company.<\/p>\n
The premium payment receipts (especially the latest ones) are
\none of the important documents we need to produce when filing in
\na claim. So make sure you file the receipts properly.<\/p>\n
The life insurance companies generally follow a similar
\nprocedure in settling claims. In the case of death, they usually
\nrequire the spouses of the insured to provide a death
\nnotification letter from the local government office or district
\nhead. To obtain this letter, we have to produce the deceased's
\ndeath certificate issued by the hospital.<\/p>\n
If the insured died of an accident, we also have to provide a
\npolice certificate. In this particular case, some insurance
\ncompanies may also insist on a postmortem of the deceased.<\/p>\n
Although some life insurance companies allow beneficiaries a
\nyear to make the claim, it would be better to submit the claim
\nwithin a week after the death of the insured.<\/p>\n
Life insurance companies will not accept claims on death as a
\nresult of suicide, execution by the authorities or while
\ncommitting a crime. The beneficiary of the insured who died of
\nsuch circumstances will only receive the cash value of the
\npolicy, if any, but not the death benefits.(hen)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/tips-on-making-claims-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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