Question

how long will the claim process normally takes for an individual beneficiary? explain.

Answer 1

The claim process in life insurance normally takes 30-60 days after the death of the insured. If all the required documents are ready and submitted, the claim is straightforward and can be processed and money can be paid in a period of 10-14 days. The right answer is, the time taken depends from company to company, state to state. Every state individually regulates the life insurance companies operating within their jurisdiction. Therefore every state has their time fixed in paying the claim , while the companies themselves can make it faster if right steps are taken by them.