PROTECT WHAT MATTER MOST WITH LIFE INSURANCE

Generally, it can take anywhere from a few days to several weeks. Most insurance companies aim to process claims quickly, often within 30 days. However, if additional documentation is needed or if there are any disputes, it may take longer. It's best to check with your insurance provider for their specific claim processing timeline.

Riders are additional features or benefits that you can add to your life insurance policy to enhance your coverage. They provide extra protection for specific situations, such as critical illnesses, accidental death, or disability.  Riders are important because they allow you to customize your insurance plan according to your needs. For example, if you want coverage for serious illnesses, you can add a critical illness rider. This way, you can ensure that you and your family are better protected against unexpected events.

Typically, the insurance company will notify the policyholder by sending a discharge voucher at least 2 to 3 months before the policy matures, indicating the claim amount payable. The policy bond and the signed and witnessed discharge voucher should be returned to the insurance company promptly to facilitate payment. If the policy is assigned to another person, the claim amount will be paid only to the assignee, who must provide the discharge.

For certain proposals, special medical reports may be necessary based on factors such as entry age, maturity age, sum assured, family history, and personal history. For example, if the proposer is overweight, reports like an Electrocardiogram or a Glucose Tolerance Test may be required. Conversely, if the proposer is underweight, an X-ray of the chest and lungs may be needed.