Insurance Awareness - Life Insurance - LIC
What is the first step a claimant must take after the death of the life insured to initiate the claim settlement process?
What is the first step a claimant must take after the death of the life insured to initiate the claim settlement process?
easy Q3 of 15
Step-by-Step Solution
Step 1: Identify claim initiation step
The claimant must inform the insurer promptly about the insured event.Step 2: Eliminate unrelated actions
Filing police complaint or paying premium is not related to claim initiation; IRDAI does not receive claim amounts.Final Answer:
Inform the insurer by claim intimation → Option AQuick Check:
Claim intimation is the official start of the claim process.
Quick Trick: Claim intimation is the first step after death.
Common Mistakes:
MISTAKES- Confusing claim intimation with premium payment or legal actions.
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