Wednesday, September 26, 2018
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Save Together Secure Each Other

INSURE

Save Together Secure Each Other

Joint term insurance plan is a great option for married couples By Nirmala Konjengbam

What should I do if my insurer rejects my claim?

ASK

What should I do if my insurer rejects my claim?

Normally health insurance claims are rejected because of the claims process being incomplete or inadequate

Why are term insurance premiums charged by insurers so widely different?

ASK

Why are term insurance premiums charged by insurers so widely different?

Some insurers proactively recommend term insurance as a lead product whereas others don’t

Can a claim be filed even if insured was admitted twice for same ailment?

ASK

Can a claim be filed even if insured was admitted twice for same ailment?

Your father can claim expenses in both the hospitals under a single claim

Can I claim for the single illness under two health insurance policies?

ASK

Can I claim for the single illness under two health insurance policies?

Even if you have two insurance policies to cover the same risk, you cannot get full claim under both the policies

Can the insurer cancel the policy if they find any incorrect statement?

ASK

Can the insurer cancel the policy if they find any incorrect statement?

Under such circumstances, the insurers have the option to cease all benefits under the policy

How much time do insurers take to settle a death claim?

ASK

How much time do insurers take to settle a death claim?

As per an IRDA regulation, the insurer is required to settle a claim within 30 days of receipt of all the documents

Isn’t the surveyor’s recommendation binding on the insurer?

ASK

Isn’t the surveyor’s recommendation binding on the insurer?

The surveyor’s recommendation is not binding on the insurer

Insurance platform

INSURE

Insurance platform

DBS Bank India has thrown open its distribution platform to- Tata AIA Life and Birla Sun Life Insurance

Who will get the settlement from the insurer in case of an untraceable car?

ASK

Who will get the settlement from the insurer in case of an untraceable car?

The interest of the lender in the claim amount is limited up to the outstanding balance of the loan amount

What is the age limit for acquiring health insurance?

ASK

What is the age limit for acquiring health insurance?

The upper age limit for the public sector companies and some private companies is 80 years.

How does premium increase if senior citizens are included in family floater?

ASK

How does premium increase if senior citizens are included in family floater?

The change in policy rates is not linked to just one policy, but to all the policies issued by the insurer

Is there any problem if I continue to keep two car policies?

ASK

Is there any problem if I continue to keep two car policies?

If you file a claim with one of the insurers, both the insurers will share the loss in the ratio of the sum insured