These types of insurance in the country are diverse, one of which is life insurance. When someone who follows the insurance is certainly obliged to pay insurance premiums to the company that contains the program. So how to claim life insurance?
After that, within the specified time you can claim life insurance where the company is obliged to pay it. However, rarely anyone wants to take care of life insurance because of complicated administration and takes a long time.Maybe, what you feel there are steps that are not yet known so it is difficult to dilute. But, don't worry because the following will be discussed about how to claim the correct life insurance. And here's the discussion.
Whats is The Life Insurance
Life insurance is a protection program in the form of diversion of economic risks for the death or life of a person insured. It is analogous to an umbrella in your home. It is needed because it is useful in times of rain or hot weather.Life insurance is closely related to risk control in life. Avoiding risk is something that everyone always does. But when a risk cannot be avoided, then you must be able to control the risk itself.
Insurance claim is an obligation that must be paid by the insurance company to the insured party or beneficiary of one insurance. Insurance claim is an official request by the insured to the insurance company (insurer) related to compensation and financial protection as stated in the agreement that has been agreed and signed by the insured party and the insurance company.
Maybe you often hear or have made claims of mental flare-up while in the hospital or went to the doctor. In principle, insurance is not just a form of compensation, but rather a form of risk sharing whose purpose is to alleviate the losses experienced by someone.
Currently there are many insurance products offered by a number of insurance companies. One of the most popular insurance products is life insurance. If the insurance claim is the right of the insured (customer) then the insurance premium is the full right of the insurance company that must be paid by the insured every month or as agreed.
So life insurance is a benefit of the ownership of insurance on premiums that have been paid. Process life insurance claims can be taken care of more easily with records through the correct procedures. Generally all insurance companies provide a lot of convenience related to this insurance claim. Thus the process of disbursing insurance claims is also faster.
Tips How To Claim The Life Insurance
Lack of understanding on how to take care of life insurance claims, often makes it difficult for many people to disburse insurance funds. For that, in order to facilitate the procedure of life insurance claims following the steps that must be followed. Here's how to claim the correct life insurance.
1. Give Accurate Information
If you act as a life insurance claimant, immediately must inform the insurance company that the insured party has died. For that you have to prepare a copy of the death certificate issued by the hospital. The death certificate contains data on when, where, and what caused the insured to die.
Generally, the insurance company will ask questions related to the insured such as insurance policy number, insurance policy status, and all things related to the death of insurance participants.
If the information is enough next the insurance company sends a claim statement form that we must fill out in full.
2. Complete the Required Files
After the insurance claim statement form has been filled out, next we must complete the required files. The files required when a life insurance claim are :
- Policies and Endorsements with the original file
- Photocopy of all laboratory and radiology examination results
- Photocopy of ID card or self-identity of the beneficiary
- A certificate of death from the Doctor / Hospital containing the cause of death.
- Certificate of death from the local government
- The original police certificate, if the insured died due to an accident.
3. Insurance Claim Analysis Process
If the documents and files are complete, the insurance company will check the life insurance claim first by verifying the status of the policy whether it is still active and also effective.
The analysis also includes the insured's personal data, information related to the death of the insured, as well as verification of sharing evidence about the truth of the insured's death.
If the insurance claim has been declared true and valid, the next insurance company performs calculations regarding the obligations to be paid to the insured heirs.
4. Final procedure
The final procedure of a life insurance claim is the payment of insurance claims to the heirs of the insured. For this stage we should inform in advance the bank account number to the insurance company.
Keep in mind, the process of insurance claims until the disbursement process sometimes takes quite a long time. In this case the insurance company is very careful and careful when analyzing life insurance claims. First, if the insurance funds that will be disbursed are above 1 billion
Things that cause claims to be not paid Not included in the insured riskThe police status is no longer active.Included in the pre-existing provisions (the disease has been suffered before). Diseases that are not stated and not written in advance honestly. Entering the waiting periodIncluded in the police exceptionIncomplete claim documentsHas passed the deadline for filing claims
Some of the Reasons That Led to a Claim to Die Are Rejected
There are several reasons or exceptions that can cause the claim of death to be rejected, among others:
1. Death by Death Penalty
If the insured party dies due to the death penalty by the court and is involved in a crime, it may be that the insurance clause will be rejected by the insurance company.
2. There are Indications of Suicide
An insured who intentionally or unintentionally attempts suicide within a period of several years from the date of the insurance policy' validity. However, if it takes several years as in the contract agreement, then the insurance party is obliged to pay the claim, even for reasons of suicide.
3. Data Not Appropriate
In some insurance companies, in accordance with the provisions of the policy the company has the right to refuse or cancel the claim if the customer is proven to have provided inappropriate information when filling out the form.
4. Indicated Form of Crime
An insured dies from an indication of a crime, then there is someone who utilizes the insurance. Understand the Terms of Life Insurance Claims in the Policy Before Buying
It would be wise before you claim insurance, first you must know the terms of the insurance claim that has been agreed in advance. Therefore, there is self-awareness not to be lazy to read the terms of dna as well as the provisions.
Basically, the company itself will not harm you as an insurer, as long as it knows the "rules of the game." In addition to the conditions that are in the process of insurance that must be known, another way is to find out the contact number of the insurance agent.
Keep in mind that the insurance agent will not forever or eternally settle in the company. Therefore, ask for another alternative contact number if at any time you will claim the insurance.If there is no other alternative number, ask for a clear company address both in the city where you live and the head office.
With the active action that you do, then the process of claiming insurance will be easy and can be done, of course, if you do not commit acts of death, suicide, or other things that are the cause of the rejection of insurance claims. There are four main elements of life insurance as follows:
Transfer of risk to the insured to the insure .rPolicyholders must be obliged to pay premiums.Insurers are obliged to pay sum insured for guaranteed riskThe terms and conditions set out in the policy.
Those are some ways to claim insurance. Hopefully useful for you.
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