Six steps to ensure a hassle-free settlement of insurance claim

Any person who invests in a life insurance policy expects not only the tangible financial security for their loved ones, but also a very critical and intangible advantage of peace of mind, knowing that they have provided for their loved ones in their absence. They hope their family will not have to go through any financial trauma and that the insurance investments reap returns when the family needs them the most. Hence, it can be agonising if the insurance claim, filed by the nominee, is rejected by the insurer, leaving the bereaved unequipped to deal with the loss.

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