My deceased father had taken a life insurance policy from Life Insurance Corp. The insurer says it has paid bonuses accrued only up to the date of death of the policyholder and has not paid any interest/bonus for the subsequent period, i.e., for the period from the date of death to the date of actual payment of the claim.
In such a case, is the nominee entitled to receive any interest/ bonus/benefit on the overdue amount of death claim by the insurer? —Name withheld on requestThe Insurance Regulatory and Development Authority of India (Irdai) stipulates the period within which a life insurance death claim should be settled.