Life Insurance anyone?

Question

Hi,

does anyone had experience with any company on CLAIMING life insurance.

am in a process of buying life insurance, just want to know if you have a bad experience in dealing with claims from any company in india

cheers,

Gyaan Guru

Answer 1

I don't know how the life insurance business are runned in India, but I guess its not much different from United States. Usually, a life insurance company will pay out the death claim within 60 days, unless they spotted something wrong with the policy such as misinformation or the death warrants an investigation. In that case, they will have 90 days to pay the death claim if they can't find any justification for not paying the death claim.