Knowing or having someone pass away is really one of the lowest times a person can have. The grief and the preparations needed for the final resting place plus entertaining guests can be physically and emotionally draining.
The physical and emotional burden may not be eased, but knowing that a person has life insurance can ease at least the financial burden. Each life insurance company has different requirements for claiming the death benefit proceeds. The requirements here are for Insular Life death benefits.
However, since most life insurance companies operate in the same way in the Philippines, the death claim process and requirements may be the same. The requirements here may change without prior notice.
It is important for the designated beneficiary to immediately notify the Company of the death of the insured through the submission of a Death Notice form, to any of its offices nationwide via over-the-counter, postal mail, e-mail, or fax.
Note:Documents marked with (*) can either be a certified true copy issued by the Local Civil Registrar, with signature and seal, or printed in security paper issued by the National Statistics Office (NSO). All documents issued or executed abroad should be translated in English and authenticated by the Philippine Consular Office located within the area where the documents originated or executed.
1.Death Certificate* of insured or any deceased beneficiary
1.1.The following are the Standard Claim Requirements to be submitted:
1.2.Birth Certificate* of insured or owner;
1.3.Claimant’s Statement Form (to be provided by Insular Life) – This has to be accomplished by each beneficiary who is eighteen years old or above, or by the Legal/Judicial guardian of minor beneficiaries (Please refer to the additional claim requirements below for minor beneficiaries);
1.4.One (1) valid government issued ID with picture and signature of each Beneficiary and Legal/Judicial guardian of minor beneficiary, if any; and
2.The following are the Additional Claim Requirements (as applicable):
2.1.For contestable claim - (death occurred within two (2) years from date of policy issue or last reinstatement): Notarized Attending Physician’s Statement Form (to be provided by Insular Life) – This has to be accomplished by every physician who has attended to the insured during or before last illness or has certified the death of the said insured.
a.For all plans claim due to natural cause – Attending Physician’s Statement
b.For claim due to accidental cause – I-Shield Physician’s Statement Form III
c.For GIO-issued policies, APS is no longer required
2.2.If the beneficiary is the spouse:
a.Marriage Contract* of insured and spouse-beneficiary
2.3.If the beneficiary is a married daughter-beneficiary – who was still single during designation as beneficiary and is now using her married name, submit one (1) government-issued ID with picture and signature bearing her married name together with any of the following:
b.Birth Certificate*, and
c.One (1) government-issued ID with picture and signature bearing maiden name
2.4.For beneficiaries other than spouse, children, parents or siblings ,combination of any two of the following to establish relationship with insured:
b.Baptismal Certificate; and
c.Notarized Affidavit of Two Disinterested Persons stating relationship of beneficiary and insured, together with one (1) valid government issued ID with picture and signature of each affiant
3.The following are the Checklists of Claim Requirement for Special Conditions:
3.1.For violent/accidental death (e.g., accident, murder, homicide or suicide):\
*Any of the following where available:
a.Certified True Copy of the Police/Barangay/NBI (and other agencies) Investigation Report;
b.Certified True Copy of the Autopsy Report;
c.Certified True Copy/ies of Sworn Statement of witnesses;
d.Certified True Copy of the Criminal Complaint or Information filed in court;
e.Certified True Copy of Hospital Records (Admitting History and Discharge Summary or its equivalent), if death happened in the hospital;
g.Driver’s license of insured if accident occurred while insured was driving a vehicle
The requirements above may change without prior notice. Other companies such as Sunlife, Phil-am Life, Manulife, PRU Life, AXA Life and FWD Life mostly likely have the same death claim procedures or requirements, but the forms may be different.
If you need help or assistance in claiming for the death claim. Feel free to call the FinancePH Hotline (0905-FINANCE) or 0905-3462623 and we are more than willing to help you claim the death benefits of your beloved ones.
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