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UHi everyone, I need some advice regarding a life insurance policy claim.
My father had a Nippon Life Insurance policy called “Nischit Samruddhi Income Limited.” Here are the details:
– Policy start date: 22 Aug 2022
– Premium: ₹3,06,750 yearly
– Next due date: 22 Aug 2023 (not paid)
– Current status: Policy lapsed
– Life cover: ₹31,34,469
Unfortunately, my father passed away in December 2024, more than a year after the policy lapsed.
Given this situation:
– Is the nominee eligible for any death benefit?
– Will there be any paid-up value or surrender value payable?
– Does Nippon Life allow any exception or late revival in such cases?
Also, could someone please explain what steps I should take next to try and make a claim or check eligibility?
Has anyone dealt with a similar situation or knows how such cases are handled?
Any guidance would really help. Thank you.
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