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Insurance Payouts as Source of Funds

Written by Global Immigrate consultants · Reviewed by Oscar Yip, Founder & Managing Director

Summary

Policy, claim decision and bank credit required.

Short answer: insurance payouts can be a source with policy, claim decision and bank credit. Explain lawful cover and claim cause to avoid sham-policy concerns.

FAQ

Claim right after buying policy?

May raise motive and genuineness questions.

Beneficiary not the applicant?

Explain transfer into the applicant’s name.

Foreign insurer?

Translation/legalisation may be needed.

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