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Settlement of Claims Conditions
Procedure for settling claims:
One-day claim susp1 day claim sttalementension
For policyholders, the resolution of claims is a crucial component of service. As a result, the Corporation has placed a high priority on quickly resolving both maturity and death claims.
The following describes the process for resolving claims related to maturity and death:
Maturity Claims: The sum is due at the conclusion of the policy period for endowment-type policies. At least two months prior to the due date of payment, the Branch Office that handles the policy notifies the policyholder in writing of the date on which the insurance funds are due. The policyholder must send the completed Discharge Form, the Policy Document, and the NEFT Mandate Form.
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