#insurance #theartofwealthbuilding what will you learn in this video
1) Procedure to claim life insurance if someone dies
2) Best term insurance plan in India
3) insurance claim rejection reasons
It is very easy to buy life insurance. You just pay the premium, attach some documents, get your health check-up done and you will become a policyholder. Even nowadays it has become more convenient to buy, as most of them can be bought online.
In this video, we will guide you on what all steps your family members will need to take to get your life insurance sum assured amount so that you can inform them about all the procedures and documents required to get assured life insurance sum.
What is Life Insurance?
Lets first see what does life insurance means by definition. So, “Life insurance is a contract between an insurance policyholder and an insurer (insurance company), where the insurer promises to pay a designated beneficiary a sum of money in exchange for a premium, upon the death of an insured person.” It means the main purpose is to provide a sum of money to the designated beneficiary (a nominee or legal heirs). So, now let’s see what does your beneficiary need to do to get the claim settled.
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