3. Death claim
If the insured dies before the expiry of the term of the policy, is known as Death claim.
Death Claim is a legal claim made by those nominated for life insurance to a life insurance company. This claim is made to pay the price for the provision of life insurance, covered in the event of the unfortunate death of insurer.
The nominee requests payment of Life cover. The death claim must be sent as soon as possible.
Death benefits is a amount provided to beneficiaries in the event of the death of the policy holder.