Yes. Death benefit is payable to the nominee of the life insurance policy by the insurer. The nominee who is inserted in the life insurance policy, will be the person who shall be paid if the insurer policy payment has to be paid.
On successfully completing the life insurance policy payments from the various payment options, you will receive a tracking in your account transactions. You would also have received a policy copy on your registered email address.
A life insurance policy covers the life of a person, general insurance policies provides cover to other aspects and assets in a person's life. Listing a few of the many for instance such as health, car, travel, home, etc.
Life insurance companies must pay out the proceeds when the insured dies and the beneficiary of the policy files a life insurance claim for it. Ideally, a person should be able to collect the life insurance payout within 30 to 60 days after the claims have been submitted with the supporting documents for the same.