If someone has taken life insurance and the policyholder dies during the policy term, then the family members get the claim. For this, they have to provide the documents of death of the policyholder. If the person taking the insurance goes missing or disappears during the period of the policy then how the family will get the claim is a tricky question. It is important to know about some rules in this regard.
What is the rule?
According to Section 108 of the Indian Evidence Act, if the policyholder goes missing, a First Information Report (FIR) has to be lodged against that person. If a person does not return for seven years after missing, then he is considered dead. However, the family of the missing person will have to continue paying the premium, especially in the term insurance policy. Only then he will be able to apply for the claim after seven years.
register an FIR
If the policyholder has been abducted or has gone missing, or has died and the body has not yet been found, then it cannot be traced. In this case, file an FIR for the claim. Tell the police that there is no contact with the person.
get verified from the court
If the policyholder is not found even after seven years of being reported missing and the police also fail to trace him, the family should approach the court. The court is informed of the report. If it is accepted by the court that the missing person has died, then the claimant will be able to apply for the claim.
contact the insurance company
After the verification from the court, the claimant can approach the insurance company for the claim. They will have to attach a non-traceable report from the police and a copy of the court order, so that it will be assumed that the missing policyholder has died. In this case, the insurance amount will be paid to the family members and the nominee.
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