Life insurance is one of the most important financial tools to secure your family’s future.
However, many policyholders are unaware of the types of life insurance claims and how each
works. Understanding the insurance claim process not only reduces confusion but also
ensures that you or your family can access benefits on time.
At Jisha Finserv, we simplify finance by guiding you through every step of the life insurance
settlement process. Let’s explore the main types of life insurance claims in detail.
What is a life insurance claim?
A life insurance claim is a formal request made to the insurance company to receive the
benefits of a policy. Depending on the situation, the claim can be made by the policyholder or by
the nominee/beneficiary.
Types of life insurance claims
1. Death Claim
- A death claim arises when the policyholder passes away during the policy term.
- The nominee/beneficiary needs to submit the death certificate, policy documents, and claim form to initiate the process.
- Once verified, the insurer provides the claim settlement amount to the nominee.
Why it matters: Ensures financial security for the family in difficult times.
2. Maturity Claim
- A maturity claim is applicable when the policyholder survives the entire policy term.
- On maturity, the insurer pays out the sum assured along with bonuses to the policyholder.
- Documents required usually include the original policy, maturity claim form, and identity proof.
Why it matters: Provides a planned financial payout for future goals.
3. Rider Claim
- Many policies include riders such as accidental death benefit, critical illness cover, or disability benefit.
- A rider claim is filed when the policyholder experiences a condition covered under the rider.
- Required documents vary based on the type of rider (medical reports, hospital records, FIR in case of accidents, etc.).
Why it matters: Offers extra protection beyond the base policy.
Step-by-step life insurance claim process
- Inform the Insurance Provider immediately about the claim.
- Submit the required documents based on claim type (death, maturity, or rider).
- Verification and assessment by the insurer.
- Claim settlement – The payout is transferred to the policyholder or nominee’s bank account.
How Jisha Finserv helps in life insurance claim settlement
Filing a life insurance claim can feel complicated, especially during sensitive times. At Jisha
Finserv, we:
- Assist with identifying the right type of life insurance claim
- Guide you through proper documentation and submission
- Ensure faster and transparent claim settlements
Our goal is to give families peace of mind by handling the financial side of things with care and
expertise.
Conclusion
Knowing the types of life insurance claims—death claim, maturity claim, and rider claim—helps
policyholders and their families make informed decisions. A clear understanding of the
insurance claim process ensures that benefits are received without delay.
With Jisha Finserv by your side, you can be confident of smooth and hassle-free life
insurance settlement whenever the need arises.
