How to Claim Death Insurance for Heirs - Mikinote - Tech & finance information

Death insurance claims are important to understand, especially for heirs. How to? To reap the full benefits of this insurance, you must also understand how to easily claim death insurance.

Many people believe that various aspects of insurance must only be understood by policyholders, when in fact, information about insurance details must also be known and studied by various parties, particularly families and heirs of insurance policyholders.

There are three steps that must be completed before withdrawing the sum assured from life insurance. These three stages can actually be completed quickly if you, as an heir, are already familiar with them. So, what are the stages at issue?Come on, follow the explanation.

1. Reporting the Insured Dies

The simple way to claim death insurance will always begin with this process, namely reporting the position of the deceased insured. Every insurance company has rules in the form of a maximum reporting time limit that must be followed in this process.

If you do not report the death condition within the specified time period, it is very likely that your insurance claim will be rejected. Although each company has its own set of rules, the average time limit for reporting a death is between 30 and 60 days. As a result, it is preferable if you complete the report and submit it to the insurance company within 30 days of the death.

2. Complete the Requirements

Even if it is paid out by family members and heirs, the insurance claim process can only be started after you have completed all applicable administrative requirements. It is also designed for all types of insurance, not just life insurance.

There are several requirements that must be met when purchasing life insurance:

• A copy of the identity of the insured and his heirs
• A copy of the insured's family card
• The original insurance policy
• A copy of the insured's medical examination (last time in life)
• A copy of the beneficiary's account book
• If you die in an accident, BAP
• A letter containing a chronology of death, signed by the heirs if he died at home without medical treatment.
• Legalized death certificate from the relevant government agency (quotation of death certificate)

In addition to the administrative requirements brought directly by the heirs, there are several forms that the heirs also need to fill out in order to file an insurance claim. Some of these forms include:

• A death claim form filled out by a doctor The death claim form is filled out by the beneficiary or heir.
• account number notification form.
• Power of attorney form for presentation of medical record contents (signed by heirs on stamp duty)

After completing the necessary forms and other requirements, the insurance claim process can begin immediately. Furthermore, the heirs or beneficiaries must comply with any additional requirements imposed by the insurance company.

3. Verification and Interview

The verification and interview stage is the final step in the death insurance claim process. This interview stage is typically conducted twice: once when you as the heir report the insured's death and once when the insurance claim verification process is completed.

Verification is frequently regarded as a difficult stage, but it is actually included in the simple way to claim death insurance, so you do not need to worry about it. After providing all of the requirements for the insurance claim, you simply have to wait for the insurance company to contact you, then cooperatively answer and explain everything asked of you clearly and honestly.

This verification process ensures that the claim process and the completeness of the requirements that you deposit are in accordance with the provisions. After the verification and interview processes are completed, you must simply wait for the insurance company to contact you regarding the disbursement of the insurance in question. Yes, this claim disbursement typically takes at least 14 working days after the entire claim process has been completed and confirmed in accordance with the rules.

After completing the three steps outlined above, you must simply wait for the insurance to pay out the sum insured. As long as all requirements are met correctly, the disbursement of the sum assured will be completed more quickly.

However, you also need to understand the risk of rejection of a death insurance claim. Although the easy way to claim death insurance has been done, there are several things that cause insurance claims to be rejected, including:

• The application form is not filled in honestly and clearly.
• Death caused by suicide
• Death occurs while committing a crime.
• Claim submission documents are fake or incomplete.

When submitting an insurance claim, you must ensure that the four conditions above do not occur. These four conditions have been regulated in the legal rules regarding insurance in Indonesia. This makes these points inviolable and must be fulfilled.

4. Life Insurance Benefits

The definition of life insurance is closely related to the simple way to claim death insurance. Many people think of this insurance as one in which the sum assured is paid out immediately after the policyholder dies.

Unfortunately, many people are unaware of the true purpose of this insurance. Death insurance is intended to relieve the burden on the family following the death of the policyholder by providing compensation and financial guarantees for the family and heirs left behind.

When someone dies, many issues must be addressed, including unexpected costs such as the cost of processing the body, hospital fees, and so on. One of the purposes of life insurance is to assist in the payment of these obligations and costs. 

A person chooses death insurance to protect himself and his family in the future. As a result, various aspects of it must be known with certainty.

Knowing how to easily claim death insurance will expedite the process of receiving your insurance benefits. The sooner the disbursement process is completed, the sooner all parties will reap the benefits of this insurance.