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Thread: Few queries on LIC claim?

  1. #1
    PolicyWala Newbie
    Join Date
    Dec 2010
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    hyderabad
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    Default Few queries on LIC claim?

    If on the same day of maturity of the policy, the insured dies due to accident, by which method the claim is settled either death by accident or maturity.
    We understand from LIC perspective that maturity amount is being sent to the insured prior to maturity date. But does the beneficiary on this policy raise death claim stating that date of maturity is still ahead or coverage continues till the term of the policy expires.

    Please clarity this doubt.



  2. #2
    Moderator Rahul's Avatar
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    Feb 2009
    Location
    Delhi
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    386

    Default

    If the policy matures on say example 30/11/2010, then if the insured died on 30/11/2010 than still the policy is not matured and the beneficiary can raise a claim for accidental death. In the above example the 30/12/2010 stays till 12:00 PM.
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  3. #3
    PolicyWala Expert
    Join Date
    Apr 2009
    Location
    Kanpur
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    103

    Default

    If the insured died on the day of maturity of the policy than beneficiary can raise a claim for accidental death.


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