Sentences with phrase «general insurers pay»

General insurers pay out the claims for outbound travel insurance in foreign currency while premium in rupees is collected by the insurance companies.

Effectively, a general insurer pays a claim of Rs 150 out of a Rs 100 premium.

This means a general insurer pays out a claim of Rs 140 as against a premium income of Rs 100, leading to big losses for the industry.

Not exact matches

But when it claims that the «free» contraceptive coverage can be afforded by the insurer because «cost - savings» will result from «improvements in women's health and fewer childbirths,» the administration is admitting that the contraception is already being paid for by the employer, if its policy covers childbirth and women's health in general.

In effect, insurers agreed to lower automobile insurance premiums via regulation in exchange for certain cost - saving measures: a cap on general damages respecting «minor» injuries, gross - to - net income tax deductions, and deductions for collateral benefits (including wage replacement) «paid or payable» from a variety of loosely - defined sources.

Her ladyship referred to the case of Axa General Insurance Ltd v Gottlieb and Gottlieb [2005] EWCA Civ 112, [2005] 1 All ER (Comm) 445 and acknowledged that there was a well established common law rule that if a genuine claim made under an insurance contract is dishonestly exaggerated, the whole claim will be dismissed; further, if money has already been paid pursuant to a claim under such a contract before the fraud is discovered, all the sums paid under that claim will be recoverable by the insurer, including any sum referable to the genuine part of the claim.

General Liability Insurance policies always list a maximum amount that the insurer will pay during the effective period of the policy and the maximum amount the insurer will pay per occurrence.

Because host liquor liability coverage is automatically included in Bodily Injury and Property Damage Liability Coverage, any damages or settlements the insurer pays for liquor - related claims will reduce the each occurrence and general aggregate limits in the policy.

Capital's general liability insurer pays the claim because Capital's policy includes coverage for products - completed operations.

When determining how much a tobacco chewer should pay, lenient life insurers will consider the age, weight, height, frequency of tobacco chewing, general state of health and the family medical history of their prospective client.

This means that the insurer agrees to continue paying benefits specified under the policy but to increase them in line with general inflation.

In general, if you have a $ 1,000 deductible, you must pay $ 1,000 for your own care out - of - pocket before your insurer starts covering a higher portion of costs.

Motor vehicle owners, of the affordable variety, are going to pay lower premiums on their third - party (TP) liability once the Insurance Regulatory and Development Authority of India's (Irdai's) latest proposal translates into revised rates from general insurers.

Due to its financial strength and stability, as well as its good reputation for paying out its claims promptly to its customers and policyholders, American General Life Insurance Company / American International Group has been provided with very high ratings from the independent insurer ratings agencies.

An Average Adjuster in North America is a «member of the association of Average Adjusters» To insure the fairness of the adjustment a General Average adjuster is appointed by the shipowner and paid by the insurer.

Concerned over the excess incentives insurers are paying motor dealers — leading to expensive motor policies — insurance regulator Irda has asked general insurers to bring down such incentives and instead pass on the benefits to customers in the form of low premium on policies.

National General customers need not worry about if their insurer has the ability to pay out for claims, as the company did receive positive reviews for it's financial strength from A.M. Best.

The General Aggregate Limit is the most money the insurer will pay under a certain coverage for all claims occurring during the policy term.

For its initial set up, TPA is funded with paid up capital of Rs 10 crore and authorized capital of Rs 300 crore from government owned general insurers.

This means the claims incurred are more than the premiums paid for such private general insurers.

For a general life insurance policy, the maximum amount the insurer will pay is referred to as the face value, which is the amount paid to a beneficiary upon the death of the insured.

The ICR metric indicates a general insurer's ability to pay claims.

In general, if living benefits are held by the insurer under an agreement to pay interest, the interest payments are taxable in full when distributed or simply credited to the account.

In general, the amount of dividends insurers pay on a policy increases over time, ever reducing the policyowner's net premium outlay (premiums less dividend payments), sometimes to zero or less after the policy has been in force for a long period of time.