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  • Claiming Benefits Payable Under Group Saving Linked Insurance Scheme

Get Claiming Benefits Payable Under Group Saving Linked Insurance Scheme

RULESGSLI FORM V LIFE INSURANCE CORPORATION OF DISCLAIM Former (CLAIMING BENEFITS PAYABLE UNDER THE GROUP SAVINGS LINKED INSURANCE SCHEME) (To be completed by the Grantees)1. Name of the Institution:2.

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How to fill out the Claiming Benefits Payable Under Group Saving Linked Insurance Scheme online

This guide provides a clear and supportive approach to completing the Claiming Benefits Payable Under Group Saving Linked Insurance Scheme form online. Whether you are familiar with online forms or a newcomer, these step-by-step instructions aim to make the process straightforward and accessible.

Follow the steps to complete your claim form successfully.

  1. Press the 'Get Form' button to obtain the Claiming Benefits Payable Under Group Saving Linked Insurance Scheme form and open it in your preferred application.
  2. Fill in the name of the institution in the designated field as requested. Ensure that this name matches the official designation of your organization.
  3. Enter the master policy number in the appropriate section. This number is crucial as it identifies the policy under which the claim is being made.
  4. In the next fields, input the name of the insured member and scheme serial number. These details are critical for validating your claim.
  5. Provide the date of birth of the insured member. Make sure this is accurate to prevent any delays in processing the claim.
  6. Enter the date the insured member joined the scheme. This date is important for determining eligibility for benefits.
  7. Indicate the amount of monthly contribution paid for the insured member in the specified space.
  8. If there have been any changes in the monthly contributions during membership, specify the date of change and the revised contribution amount.
  9. Fill out the due date for the first contribution along with the actual date it was paid to the corporation. Be precise with the day, month, and year format.
  10. Record the date of exit from the scheme and the due date for the last contribution, ensuring both dates are entered correctly.
  11. Enter the date on which the last contribution was paid to the corporation to complete this section.
  12. Specify the mode of exit from the scheme, such as death, retirement, resignation, or termination of service.
  13. If the exit was due to death, provide the cause of death in the designated field.
  14. Enter the name of the beneficiary along with their relationship to the member. This is critical for processing the claim in case of death.
  15. Indicate the nature of proof of death by noting that an original death certificate should be enclosed with the submission.
  16. If any premiums remain unpaid during membership, detail these circumstances in the corresponding field.
  17. Review all the information provided for accuracy to ensure there are no errors that may impede the processing of the claim.
  18. Finally, save your changes, and print or download the completed form for your records. Ensure all required signatures are included before submission.

Complete your Claiming Benefits Payable Under Group Saving Linked Insurance Scheme form online today for a seamless claim experience.

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Questions & Answers

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What Is the Purpose of Group Life Insurance? Group life insurance is a common employee benefit that provides a death benefit to the insured's beneficiaries if they die while part of the organization. The purpose is to provide financial support to the families of such employees.

Group life insurance can be a nice perk of your job, especially if it's free. However, in most cases, employer-provided policies are relatively small compared to what you're likely to need overall in terms of life insurance, so you probably won't want to rely solely on it to cover you in case the worst happens.

Because an insurance provider can spread their risk across a pool of policyholders participating in the group plan, costs are typically lower than other types of health insurance policies. This is considered to be the biggest advantage of group health insurance.

Group life insurance plans provide affordable insurance cover to each member covered in the group. Compared to having individual life insurance plans, group life insurance policy is cost-effective and provides a default life cover to the employees, often as an incentive.

Then your insurer will ask you to submit the following documents: Duly filled claim form. Final hospital bill (Original copy) Doctor's prescription recommending admission to a hospital. Discharge card by hospital. Medical bills. Prescription supporting medical bills. Surgical implant invoice, if any.

The easiest way to file a Group Life insurance claim is to contact the group policyholder. This is generally the employer or association where the coverage was offered. They will be able to provide you with the information needed to ensure your claim is processed quickly and accurately.

In case of death, the amount of assured as applicable to the groups to an employee belongs, will be payable along with the savaings and accumulated interest by LIC. In case of retirement, resignation, termination, etc., the savings accumulated, with interest, will be payable by LIC.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232