Solvency Ratio

1
Solvency Ratio
2
Tips On How To Make Life Insurance Claims
3

• Solvency Ratio claims can be paid quickly if
  there are no complications. In fact one source
  states 91 of life insurance claims are paid
  within five working days.
• When an insured person dies, it is the
  responsibility of the beneficiary to file life
  insurance claims to collect any death benefits.
  It is important to get the claims process under
  way as soon as possible because most policies
  have a time limit to file a claim.

4

• Family members often don't file a life insurance
  claim because they don't even know that the
  benefits exist. A search for life insurance
  policies should be included in winding up any
  estate.You may be able to track down a policy by
  checking the person's banking records of payments
  made to any insurance company. You can check with
  the agent for other insurance policies such as
  car or house insurance to see if there was also
  life insurance. Or you could check with employers
  about any group policies that may be in effect or
  to see if there are any payroll deductions for
  individual coverage. To get started, the
  beneficiary should ask the agent or company for a
  claim form. They will need the name of the
  insured, the policy number (and the policy itself
  if available) and a certified copy of the death
  certificate. The statement of claim should
  include the full name and address of the
  beneficiary or the person making the claim.

5

• Once proof of the death of the insured individual
  reaches the Solvency Ratio company's claims
  department, they begin a process of verification.
  They make sure there actually is a policy in
  effect and that all premiums have been paid. They
  make sure the right person is identified as the
  beneficiary. They check the policy for any
  limiting clauses, including loans against the
  cash value of the policy. They verify that all
  the information in the policy is accurate.

6

• There can be complications as a result of
  divorce. If you are an ex-spouse, you will need
  to know the law in your area to determine whether
  or not your status as a beneficiary may have
  changed. Even if you were named beneficiary prior
  to your divorce, if the insurance is not part of
  the divorce settlement, you may be out of luck.
  If there are conflicting claims, the company may
  turn the money over to a court and the court will
  hold the money until it decides who is entitled
  to receive the benefit.
• Having done all its investigation, the company
  will either pay the claim or notify the
  beneficiary if there is a problem with the claim.
  If there are complications in your situation, it
  is important that you seek help from those who
  are knowledgeable and experienced concerning life
  insurance claims.
• SOURCE-http//bit.ly/2nYV5PJ

7
https//www.bajajallianzlife.com/why-us/claim-sett
lement-ratio.jsp
Follow us on
https//www.facebook.com/bajajallianzlifeinsurance
ltd
https//www.linkedin.com/company/bajaj-allianz-lif
e-insurance-co-ltd-
http//plus.google.com/bajajallianz/posts
https//twitter.com/bajajallianzLIC
https//www.youtube.com/user/jiyobefikar
https//instagram.com/bajajallianzlifeinsurance
Thank You