The phrase "claim amount" refers to the requested or demanded sum of money that someone has asked for as compensation or payment for something they believe they are entitled to. Full definition
Death claim Settlement is the payment of claim amount by a life insurance company to the nominee of the insured. (securenow.in)
The company intends to pay interest of 8 % on death claim amount for delay beyond 8 working days. (coverfox.com)
Due to the increasing hospitalization costs, the average claim amount for such diseases has also increased, with majority of customers claiming more than Rs 40,000. (policybazaar.com)