You may never have to make a claim, if you are lucky. But if you meet with an accident or fall ill causing financial loss which is covered under your insurance policy, you can file a claim with your insurance company. This is when your Insurer offers you coverage and compensation for the losses or damages covered on validating a claim. So, it is vital to be familiar with the claim process to avoid any hassles at the time of filing for a claim. An Insurance claim is a formal application that the policyholder makes to an insurance company to compensate for a loss covered by the insurance policy.
Owning that stylish, swanky car is one of the dreams that you always wanted to realize in life. However, one accident can spoil that dream. Your car may break down in a water-logged road, it may come under a falling tree damaging the roof top, or meet with a freak accident. A A car Insurance covers the financial loss because of the damage to the car.
Buying a bike of your choice might be the biggest milestone of your life. Therefore, it is important to ensure that any damage to your dream machine is fully covered by the right kind of Bike Insurance. In case of an accident or a mishap, claiming a bike insurance policy may become trickier. Therefore, you may like to know in advance how to claim bike insurance.
Cyber attacks can cause irreparable damage to any business. Usually small businesses cannot manage such sort of losses, and shut down within a few months of a breach. Fortunately, these are exactly the risks cyber liability insurance protects you from. Therefore, knowing the Cyber Security Claim Processes is of utmost importance.
Under Investment plans, a certain part of your premium is allocated to offer you a life cover, and the balance is invested in a portfolio of bonds, equities or both. Investment plans offer advantages such as creation of wealth, financial protection, saving for retirement, tax benefit, etc.
Once you retire, the regular flow of income comes to a standstill. Retirement plans, thereby, help you provide a financial shield to let you live life with pride and a comfortable lifestyle post-retirement. There are different kinds of retirement plans in India and each comes with unique features and benefits, and hence it is important to understand what your plan offers as well as their claim process.
You won’t be around to help your bereaved family, at the time of fulfilling the claim formalities. Therefore, it is better to alert them in advance about the policy terms and conditions, the amount of sum assured, as well as the steps for claiming the same. . The more transparent you are to your family, the easier the claim settlement process will be for them.
Claim settlement can be a very tedious process. Claim settlement processes differ with the types of insurance products. Therefore, it is vital to know these claim processes before actually initiating the same. In this section, we give you information on claim processes. If you have the tiniest doubt with regards to your insurance claim, do get in touch with us.
We pray that you don’t need to make an insurance claim. But, in case such a situation arises, we have made claim forms of different insurance companies available for you here. We may not be able to replace your emotional loss but we can certainly ensure you don’t need to run from pillar to post to get the insurance claim.
Insurance frauds are normally an attempt to misuse an insurance contract for monetary benefit. Most of the insurance fraud cases include overstated or bogus cases.
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