Insurance claim can be made in case of natural calamity or no return home for seven years. For this some legal procedures have to be followed.
Loss insurance claim process
It is considered good to take an insurance policy to protect yourself and your family’s future. With this, the nominee and family members can take a claim on the death or accident of the insured due to an accident. Although it is easy to take a claim on the death of the insured, but if the person taking the policy has gone missing and there is no information about his survival or death, then it becomes very difficult to take the claim.
Due to the compulsion of not being able to make a claim without the death certificate and other rules, there are problems in taking the claim. Especially if the policyholder has gone missing during any natural calamities like cyclone, landslide, earthquake etc. then the problem gets aggravated. But according to the rules, taking care of certain things and following the procedures, a claim can also be taken in such a situation. So, let’s know what those methods are.
Claim for missing member
If the missing person is a breadwinner and has a life insurance policy, the family can get financial assistance by claiming life insurance. However, for this the missing person will have to be declared dead. For this some legal process has to be followed.
Petition has to be filed in court
If the insured is lost in a natural disaster, the family must first obtain his or her death certificate. Also, a petition has to be filed in the court. To prove the person’s disappearance, legal heirs will also have to submit a copy of the FIR and a non-traceable report of the police. If the person is confirmed missing in the investigation, then from the court, he can be considered dead. In such a situation, the court can ask the insurance company for payment.
Will have to wait for seven years
According to the Indian Evidence Act, Section 108, the family will have to register an FIR for the missing person. If the person could not be traced by the police, then the insurance claim can be made after seven years. Because during this period the missing person is considered dead.
Can claim if name is in government list
If the insured has gone missing due to natural calamities like flood, earthquake, drought, etc. and the government considers the missing people dead during this period. Also, if the list of missing persons is issued, then the family members can apply for the claim. So there is no need to wait for seven years.
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