My Father took LIC's Jeevan Mitra (Double Cover Endowment Plan). My Father took this Policy in year 1990. This Policy's was matured on Nov'2010. We have still not received maturity claim amount. Please tell me the way to get the same.
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My Father took LIC's Jeevan Mitra (Double Cover Endowment Plan). My Father took this Policy in year 1990. This Policy's was matured on Nov'2010. We have still not received maturity claim amount. Please tell me the way to get the same.
What is the procedure to be followed in case of claims by maturity of a Life Insurance policy?
The processing of claims by maturity is normally undertaken by Life Insurer about two-three months before the date of maturity. The Life Insurer sends Maturity Intimation along with the discharge forms to the policyholder informing him about the requirements for the settlement of claim.
In case the maturity intimation is not received by the policyholder till around 1 months before the date on which the policy matures, he should contact the concerned Life Insurer Office and obtain a copy of the maturity intimation.
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