Life insurance policies issued in India have worldwide coverage. So, if a policyholder dies while traveling abroad, the nominee will be eligible to get the benefits under the policy. However, the policy sum would be payable in India.
All the documentation, including claim form, death certificate, and certificates from authorities will have to be submitted with the insurer in India. Thereafter, the claim will be settled in Indian rupees.
However, insurers ask for a travel questionnaire to be filled by an insurance applicant to understand their risk profile.
vinay mohanty
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