The Insurance Brokers Association of India (IBAI) is a professional organization that provide representation to insurance brokers in India. Its primary objective to promote and safeguard the interests of insurance brokers in India and to assist in the development of the insurance broking profession in the country. As a professional association, the IBAI provides various services to its members, including manpower training and education, research, and the development of industry best practices.
In terms of insurance claims, the guidelines and procedures for making these claim will depend on the specific terms and conditions of the insurance policy. In general, to make an insurance claim, insured will need to provide documentation and information about the event or loss that is being claimed, as well as any supporting evidence or documentation. The insurance company will then review the filed claim and determine whether it is covered under the terms of the policy or not. If the claim is approved, the insurer will pay the insured the amount specified in the policy, subject to any deductibles or exclusions that may apply.
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