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LIFE POLICY CLAIMS PROCEDURE


6. ENDOWMENT MATURITY CLAIM

Claim Type Notification Documents/Information Remarks
6. Endowment Maturity Claim When the endowment policy reaches the end of its term.
  1. A "Total Payment of Claim Receipt" for every maturing endowment will be sent to the policy owner prior to the maturity date.
  2. The receipt should be signed by the claimant(s) of the policy and should be returned to the Life Policy Service Department together with the original Policy Contract.
Basic proof before a maturity claim can be settled:-
  1. Proof of survival of the life insured on the maturity date
  2. Identity of the person entitled to the policy money
  3. Proof of age of the life insured if there appears to be a serious discrepancy in the age
  4. Title of payee

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