| When someone passed away, it is a sad thing, but we | | | | and we want to claim his properties or asset. The |
| still need to claim what he left to us. Therefore it is | | | | insurance company will give the beneficiary a claim |
| important that if you bought a life insurance or personal | | | | form to fill, this will normally take a couple of weeks |
| accident, you should immediately inform your family or | | | | depend on the efficiency and the evidence provided |
| the beneficiary. | | | | by the claimant. When the confirmation is done the |
| A person purchases a life insurance policy he is called | | | | beneficiary can collect the proceeds, it is normally in |
| the policy holder or insured; the person who in future | | | | one lump sum or annuity, depends on what type of |
| will receive the compensation upon the death of the | | | | policy, but in most cases, full amount will be paid. |
| insured is called the beneficiary. It is also possible if you | | | | If the insurance company has any suspicion upon the |
| want to split the proceeds to two or more persons, | | | | insured's death or any written statement was falsely |
| then the policy will include their name, then there will be | | | | made by the insured during the time he purchased the |
| a few beneficiaries endorsed in the policy. In the event | | | | policy, the insurance company may investigate the |
| of your death the beneficiary will be the one who is | | | | circumstances of his death before deciding whether to |
| legally and eligibly to receive the compensation from | | | | release the proceeds or pay the claim. If the buyer had |
| the life insurance company. | | | | an illness or symptom but did not disclose or confess |
| What are the minimum requirement and proof? | | | | during the time he fill in the application form, the |
| If the insured died, the beneficiary needs to make a | | | | insurance company reserves the right to reject the |
| report to the police and obtain a death certificate, | | | | claim or may delay it until further investigation carried |
| because this is the legal proof to show to the | | | | out. |
| insurance company that the insured has passed away. | | | | Therefore when buying a policy the buyer needs to tell |
| If the insured died in the hospital then you can ask the | | | | the truth when filling in the form, any claim rejection |
| doctor or any authorized person to issue a document | | | | may happen in future if the insurance company |
| to obtain the death certificate. This usually takes a | | | | detected any suspicion, after all, honesty is the best |
| week for most of the countries, this is the mandatory | | | | policy. |
| way to proof that someone has really passed away | | | | |