Personal Accident insurance – Claims process (Infographic)

While making a claim under group personal accident insurance, the employer needs to give complete personal information with required documents. Claims can be rejected if the documentation is incorrect, or the claim involves an excluded condition The infographic below explains how SecureNow offers an easy claim process. This policy can also provide tax benefits to […]

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Workmen’s Compensation policy – Claims (infographic)

Workmen’s Compensation policy – Claims Buying a worker’s compensation policy is one way you can take care of your employees. Since, the world is full of uncertainties where you don’t know what the future holds for you, it is advisable to take precautions today for a better future. Particularly if you own a business, then you should […]

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You can challenge the rejection of a health insurance claim

Published in Mint on Aug 23 2016, Written by Abhishek Bondia Reports from the pre-issuance medical test and doctors’ consultation are expected to identify pre-existing ailments My mother, 52, has been diabetic for the past 5-6 years. She has a family floater health insurance and I am the sponsor. Her condition was declared at the […]

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Go for insurers with claim settlement ratio of 85% or more

Published in Mint on Aug 16 2016, Written by Abhishek Bondia I am 50 years old and want to buy a term plan. Kindly suggest a suitable one. —Surendra Khemka You need to consider a few variables before finalising a plan. These include: sum assured, policy term and optional riders. Typically, a minimum sum assured […]

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For a smoother claims settlement process

Published in Mint on Jun 03 2016   Reasons for a health insurance claim being delayed or rejected altogether range from administrative delays by hospitals to poor documentation, further enquiries by the insurer or even poor understanding of a policy by the policyholder. But you can prevent the claims process from turning sour by arming […]

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Life insurers are settling more claims

Published in Mint on Feb 02 2015   According to the latest annual report published by the Insurance Regulatory Development Authority of India (Irdai), life insurance companies have done a better job of settling death claims in financial year (FY) 2014 than in FY13. In terms of the number of policies settled, 12 life insurance […]

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