Last Updated on March 31, 2021
2. Claim occurred before or after the term of the contract
Life insurance is effective for a period, and conditions for renewal are determined by contract. If you claim compensation for an accident that occurred outside this period, you will receive a no from the insurer. How long do life insurance claims take? It depends. While installments are paid, coverage works. This is the rule of permanent life insurance. In the case of term life insurance, there is a certain duration for the coverage that is defined in the contract.
