The charges which are specified in the policy and which the insured desires to recover in case of an accident is
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Claim
- The claim is the amount that the insurance holder desires to get after the accident as the cost of recovery.
- Maturity Claim is the amount we get as a benefit of the Policy.
- It is the claim or the amount paid which arises when the policy matures. It means the amount that the policyholder receives when the policy completes its tenure, that certain amount of money called Maturity Claim.
- Recovery Claim is the money claimed by any policyholder after he/she or the insured product has met with an accident.
- The claim may be demanded either when the asset meets with an accident or it is completely disposed off.
- To get proper claims it is the responsibility of policy holder to pay the premium on regular basis.
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