YOGYAKARTA - Life insurance is one of the protection products that is widely in demand by the Indonesian people. Registering for life insurance is an important step to support financial security if a family member dies. Then how to disburse life insurance?
Life insurance products are given under a contract between an insurance company and a barrier or an insurance policy owner. The company will lend some money to the heirs if the name covered by the insurance dies.
The company promises to provide death coverage money according to the amount of premium deposited by policy holders per month. So how to disburse life insurance?
The process of disbursing life insurance must be in the accountable consent. If the insurance participant dies, the beneficiary of the insurance is the closest family. The process or insurance disbursement scheme can be different in each company.
Actually, the way to claim or disburse insurance is very easy. Here are the steps to disburse life insurance:
The first step to disburse life insurance is to contact the company or insurance provider. The family must appoint an heir whose name is registered in the insured insurance policy. Then the heirs need to notify the insurance party about the information on the death of the insured participant.
In this process, the heirs need several documents such as a insured death certificate and also an insurance policy document. The death certificate itself includes information regarding the time, place, and cause of death.
Documents of death certificates can be obtained from hospitals where the insured undergoes treatment or from local government offices. It is always remembered that death certificates are important files in the process of submitting life insurance claims, because they serve as evidence of the insured death.
After receiving documents from the heirs, the insurance company will contact the heirs to continue the interview process. In this interview, the insurance company will verify the truth of the news regarding the accused's death.
In addition, they will also check whether all insurance policy documents have been submitted to the heirs registered with the policy. This process can be completed quickly and can be accessed online, making it very easy for you.
If the interview goes well, the insurance company will send a life insurance claim form to the heirs. This form must be filled in by the heirs and immediately returned to the insurance company for verification. On the insurance claim form, there are 6 documents that must be attached.
Furthermore, the documents and forms will be re-examined by insurance companies. If everything is considered legal and correct, the company will calculate the amount of coverage that must be paid to the heirs. However, keep in mind that the process of disbursing insurance funds usually takes quite a long time, especially if life insurance claims reach large amounts, such as more than one billion rupiah.
Such is the review of how or the process of disbursing life insurance. An heir has the right to apply for insurance coverage money if an insurance participant dies.
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