Insurance Awareness - Life Insurance - LIC
Who is primarily responsible for intimating the insurer about a life insurance claim after the death of the policyholder?
Who is primarily responsible for intimating the insurer about a life insurance claim after the death of the policyholder?
easy Q11 of 15
Step-by-Step Solution
Step 1: Understand the claim initiation process
The claim process starts with informing the insurer about the insured event, which is usually the death of the policyholder.Final Answer:
The nominee or legal heir → Option AQuick Check:
The nominee or legal heir is the rightful person to notify the insurer to initiate the claim settlement process.
Quick Trick: Remember: Nominee initiates claim after policyholder's death.
Common Mistakes:
MISTAKES- Confusing the insurer or agent as the initiator of claim intimation.
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