Life Insurance Policy Documents
You need to submit an application mentioning the following details.
Life insurance policy documents - The life insurance rules allow the policyholder to cancel the policy within 15 days of receiving the policy document. It is suggested that individuals should avail life insurance policies of such insurers which offer a high claim settlement ratio with easy documentation. Visit the nearest branch of your insurer and talk to concerned authorities regarding the loss.
A life insurance policy is an agreement between an insurance company a policyholder that offers financial coverage under which the insurance company guarantees to pay a certain amount to the nominated beneficiary in the unfortunate event of the insured person demise during the term of life insurance plans. When you sign up for a life insurance policy the insurer provides you with a physical copy of the insurance that contains all the clauses and terms of the policy. This document is very important and is relied upon entirely when the time comes for your nominee to claim the death benefit.
When you lose your original life insurance policy bond you must inform your insurer at the earliest. This was however applicable on a physical copy of the policy document.
