Know about Death Claim Procedures in Postal Life Insurance (PLI)
Documents required for processing Death Claim:
Procedure to be followed while processing Death Claim cases
Death occurred (from date of acceptance of the policy) | Remission period |
Within six months | Grace period (30 days) |
6 – 12 months | 30 days + Grace period |
12 – 24 months | 60 days + Grace period |
24 – 36 months | 90 days + Grace period |
More than 36 months | 11 + 1 defaults |
Policy lapsed but having more than 36 credits. | Eligible for auto paid up value. |