Who Can File a Death Claim?

Designated Beneficiary

The beneficiary of a life policy may be a named individual, the executor of an estate, a trustee, a corporation, a charitable organization, or a group of persons. A beneficiary may be designated as either Primary or Contingent.

If the Primary Beneficiary is alive, the proceeds will be given to him or be divided equally among them in case there are multiple primary beneficiaries.

The Contingent Beneficiary will only be entitled to the proceeds when the primary beneficiaries pre-deceased the insured and the insured/ owner was not able to update the beneficiary designations. In this case, a certified copy of the death certificate of the deceased beneficiary should be furnished.

If the beneficiary is the spouse, Marriage Certificate must be provided.

Any discrepancies should be accompanied by an Affidavit of Identity executed by two disinterested persons and duly notarized to attest that the discrepancies refer to one and the same person only.

Minor Beneficiary

If the appointed beneficiary happens to be a minor (below 18 years of age), a parent or other legally appointed guardian must complete the Claim form together with the minor’s birth certificate.

If the share of the minor is P50,000 and below, the guardian must file an Affidavit of Legal Guardianship.

If the share of the minor is greater than P50,000, a Judicial Bond must be obtained by the surviving parent or other Legal Guardian and approved by the Regional Trial Court (RTC) nearest the place of residence of the minor, in compliance with the Philippine Law to protect the interest of the minor.

Assignee

When the policy is assigned, the Claim form must be accomplished by the assignee. If the policy assignment is no longer effective, a Release of Assignment from the Assignee must be submitted.