fjrigjwwe9r3SDFAQs:FAQCont
s to settle maturity claims on or before the due date as long as their requirements are met within the stipulated time.
The requirements that you as the policyholder must take care of are:
- The policy document must be submitted unless it is in the insurer's custody
as security for a loan.
- Age proof such as the municipal birth certificate or the school leaving
certificate need to be submitted in case the age was not admitted when the
policy was issued and the sum assured, or the paid-up value is above Rs.15000/-.
Where the sum assured or the paid-up value is Rs.15000/- or less, age proof
is normally waived.
- If any assignment or reassignment was executed by a separate deed, such
deed or deeds must also be submitted.
- Finally, the Form of Discharge should be returned duly signed by the policyholder
over a Re. 1/- revenue stamp and duly witnessed.