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BANK INTERNATIONAL INDONESIA MUMBAI INDIA Settlement of Claims of Deceased Depositors Procedures August 2013 1 I N D E X Sr. No. Part 1 Part 2 Part 3 Part 4 Part 5 Part 6 A1×a) A 2 A 3 A 4 A 5 A

How to fill out settlement of death claims

How to Fill out Settlement of Death Claims:

1. Gather all necessary documents: Begin by collecting important documents such as the death certificate, identification of the deceased, and any relevant insurance policies or beneficiary designations.
2. Contact the insurance company or provider: Reach out to the insurance company or provider to notify them about the death and inquire about the specific requirements and procedures for filing a death claim.
3. Fill out the claim form: Obtain the necessary claim form from the insurance company. Carefully fill out all the required information, ensuring accuracy and completeness. Attach any supporting documents as required.
4. Submit the claim form and supporting documents: Once the claim form is completed, submit it along with all the necessary supporting documents to the insurance company. Ensure that the submission is done within the specified timeframe mentioned by the provider.
5. Follow up and track the claim: Keep track of the submitted claim by maintaining regular communication with the insurance company. Follow up with them if there are any delays or if additional information is required.

Who Needs Settlement of Death Claims:

1. Beneficiaries: The primary individuals who need settlement of death claims are the beneficiaries of the deceased policyholder or account holder. They are entitled to receive the beneficiary proceeds or financial benefits from life insurance policies, retirement accounts, or other investment accounts.
2. Family Members: In addition to beneficiaries, family members, such as spouses, children, or dependents, may be involved in the settlement of death claims. They may provide the necessary information or documentation required for the claims process.
3. Executors or Personal Representatives: Executors or personal representatives of the deceased individual's estate may also be involved in the settlement of death claims. They may play a role in managing the deceased's financial affairs and ensuring that the claims process is carried out correctly.

Remember, the specific individuals involved in the settlement of death claims may vary depending on the circumstances, the type of insurance or account, and the beneficiary designations made by the deceased. It is always advisable to consult with legal and financial professionals for guidance in the settlement process.

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