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If a person dies abroad, will term insurance taken in India is still valid? and sum assured will be given to nominee in case of death?
If a person dies abroad, will term insurance taken in India is still valid? and sum assured will be given to nominee in case of death?
Shailesh Kumar, Co-founder, Insurance Samadhan
Answered on December 21,2021
Answered on December 21,2021
Yes , term insurance is universal and claim will be paid in case death happens in foreign land . Supporting documents are very important including a certificate from embassy .
There are few black listed countries where travel is considered risky and claim may be denied.
Hope this clarifies .
Shailesh
Insurance Samadhan
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