Has anyone claimed term life insurance ?

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Deal Cadet
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Planning to take a term life insurance; Did some research and found most decent insurance providers have a claim ratio of ~95%, hence want to know any dimer who (first hand experience or some immediate relative only) has claimed a pure term life insurance ? How hectic was the process and how long it took to successfully claim; how was the experience; also any one whose claim was rejected on what basis; also kindly mention the insured amount.

P.S: Yeah, I know this question itself means that in the first place someone has die to get the term insurance claimed; so kindly ignore the discussion if not comfortable.

5 Comments  |  
5 Dimers
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Deal Subedar
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https://www.desidime.com/amp/discussions/all-yo...

Check this thread. It might be helpful to u. However I don’t have personal experience of claim of Term Plan. Usually in Term plan, if u pay for 1st 3 years, after which claim arises, then claim settlement is very smooth in majority of company. Nominee needs to submit documents to local office & amount gets credited usually in 7-10 days.

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Deal Cadet
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drjpatwa wrote:

https://www.desidime.com/amp/discussions/all-yo...

Check this thread. It might be helpful to u. However I don’t have personal experience of claim of Term Plan. Usually in Term plan, if u pay for 1st 3 years, after which claim arises, then claim settlement is very smooth in majority of company. Nominee needs to submit documents to local office & amount gets credited usually in 7-10 days.

Thanks for the detailed thread with lot’s of variance comments (y).

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Deal Lieutenant
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drjpatwa wrote:

https://www.desidime.com/amp/discussions/all-yo...

Check this thread. It might be helpful to u. However I don’t have personal experience of claim of Term Plan. Usually in Term plan, if u pay for 1st 3 years, after which claim arises, then claim settlement is very smooth in majority of company. Nominee needs to submit documents to local office & amount gets credited usually in 7-10 days.

Any idea about Indiafirst insurance, their rates seem to be comparatively less.

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Deal Subedar
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drjpatwa wrote:

https://www.desidime.com/amp/discussions/all-yo...

Check this thread. It might be helpful to u. However I don’t have personal experience of claim of Term Plan. Usually in Term plan, if u pay for 1st 3 years, after which claim arises, then claim settlement is very smooth in majority of company. Nominee needs to submit documents to local office & amount gets credited usually in 7-10 days.

Vu+ kg to you for such informative post…..Thank you for spreading an awareness on term policy with such detailed explanation

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