Mahindra Loan Suraksha (MLS) is a Credit Term Group Plan. This is an insurance cover given to Mahindra Finance loan customers. MLS protects the Customer's family and Assets in case of unfortunate death of the customer by covering the Outstanding Finance amount, hence not putting the burden of repayment on the family.
- MLS is a pure death cover plan. The insurance company will repay the outstanding loan amount as on date of death to Mahindra Finance hence not putting the burden of repayment on the customer's family
- Premium paying options - Single and Annual premium
- Any Mahindra Finance customer between the ages of 18 - 59 years can opt for MLS
- Simple documentation process
The insurance company for this customized solution is Kotak Mahindra Old Mutual Life Insurance Limited.
Documents to be submitted at the time of claims for Accidental Death:
- Revised Claim form signed by Nominee
- Declaration & Authorisation form signed by Nominee
- Copy of First Information Report (FIR)
- Copy of Post Mortem Report
- Last Attended Doctor's Certificate (in case of Hospitalisation)
- Complete Indoor Case Papers from Hospital (in case of Hospitalisation)
- Attested Copy of Death Certificate
- Nominee Photo ID Proof and Relationship Proof i.e. Voter ID, Ration Card, PAN Card, Driving License etc
- Nominee Bank Details (Cancelled Cheque + Bank Passbook Copy) showing Account No, IFSC Code, Name of Nominee printed on Bank passbook/cancelled cheque.
Important note:-
If any documents from above list is not available or for any assistance, please contact local Mahindra Finance Executive
Please submit above claim documents to nearest Mahindra Finance branch within 10 days for processing the claim
Documents to be submitted at the time of claims for Natural Death:
- Revised Claim form signed by Nominee
- Declaration & Authorisation form signed by Nominee
- Last Attended Doctor's Certificate - Specifying cause of death
- Complete Indoor Case Papers from Hospital (Case History, Admission Papers,Treatment Papers & Death Summary)
- Medical Questionnaire to be filled by Doctor (Refer Attachment)
- Prior illness details (Previous medical reports Apart from Hospital Papers)
- Attested Copy of Death Certificate
- Nominee Photo ID Proof and Relationship Proof i.e. Voter ID, Ration Card, PAN Card, Driving License etc
- Nominee Bank Details (Cancelled Cheque + Bank Passbook Copy) showing Account No, IFSC Code, Name of Nominee printed on Bank passbook/cancelled cheque.
Important note:-
If any documents from above list is not available or for any assistance, please contact local Mahindra Finance Executive
Please submit above claim documents to nearest Mahindra Finance branch within 10 days for processing the claim
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