What is required from a claimant as proof of loss?

The correct response highlights the requirement for a formal statement of the loss that must be filed within a specified period, typically 90 days, after the occurrence of the event that leads to the claim. This formal statement is essential as it provides the insurance company with the necessary details to process the claim effectively. The timely submission is critical, as it ensures that the insurer can investigate and validate the claim within an appropriate timeframe, thereby adhering to policy conditions.

The requirement for a formal statement includes essential information such as the nature of the loss, the date it occurred, and any other relevant facts that substantiate the claim. This process is part of the standard claims procedure in life insurance and aligns with regulatory and contractual obligations that help maintain a structured approach to claims management.

Submitting an affidavit from the insurer confirming the loss, providing an estimate of the value lost, or presenting a receipt for previous claims does not meet the specific criteria set out for proving a loss in insurance claims. These documents may support the claim in various ways but do not serve as the primary proof of loss as required by the policy.