Sentences with phrase «claim on a policy holder»

Longevity annuities are like «reverse life insurance», meaning premium dollars are collected by the life insurance company by its policy holders to pay income when a policy holder lives a long life, instead of collecting premium dollars and paying a death claim on a policy holder's short life in ordinary life insurance.

Not exact matches

Here's Sen. Eric Schneiderman's brief appearance last week on «Countdown With Keith Olbermann» during which he discussed the passage of what's come to be known as «Ian's Law» — a bill that blocks insurance companies from dropping high - claims patients under the auspices of keeping costs lower for the majority of policy holders.

Like Max's plan, Kotak's plan also has the option called «Recurring payout» wherein part of the claim is paid on policy holder's death and a fixed monthly / yearly amount is paid for next 15 years to the nominee.

The prospective policy holder has never filed a claim on any of his or her past insurance policies.

We analysed over 2.7 million home insurance quotes run on our site and found that of the 2.1 % policy holders who had made a burglary claim in the past three years, 2.26 % had made their claims in autumn compared to 2.06 % in spring.

This means that Allianz policy holders might even be able to use claim money while still traveling, on the road, which in many cases is where that money is most desired.

Sara also advises insurers, reinsurers and policy holders on insurance and reinsurance claims, subrogated recoveries, defence work and coverage issues.

Travelers covered the legal fees for Dentons as well as Advani but the insurer has claimed the money back on the basis that the insurance policy was invalid if a court found that the policy holder was guilty of dishonest or fraudulent activity.

The truth is this — insurance companies tend to pay less on unrepresented claims than to policy holders who have legal representation.

In denying the claim, Stewart Title relied on a coverage exception in the policy that applies if mortgage proceeds are paid to any person other than the registered title holder («Clause 2»):

The disease can not be said to be pre-existing if it was merely opined so by the doctor on basis of talks with the patient, the forum said while asking the National Insurance Co Ltd to pay Rs 75,000 to a policy holder for rejecting his claim for reimbursement of his wife's treatment expenses.

Also known as excess, this is imposed on the automobile insurance policy holder to ensure fewer frivolous claims.

Earned premium naturally means that the insurance company did not have to pay claims to the policy holder for the elapsed time period since a payout on the policy would inevitably mean reducing the portion of the earned premium equal to the loss incurred by the policy holder and at times even resulting in loss for the insurance company as they might have to pay out more for the loss than the amount they have earned.

For the car accidents or disaster situations where there is a lot of damage, most insurance policy holders will choose to file a claim and pay the deductible, rather than take on the entire financial burden of the loss.

Deductible: The amount the policy holder will pay when they make a claim on their collision or comprehensive insurance policy.

Greetings, i purchased the travel insurance for our 6day trip to the florida keys, flight down and trip itself was fantastic / / however on the return flight the plane us air flight 1807 was delayed by 2 hours at first then they delayed again another hour, total of 3 hour delay / / we had a connecting flight to catch in philia off course we missed that and the airline had no other flight out / / by the way we didn't land until 1; 30 am no train nothing available, so there we were, so i called my son a police officer and he took off work and drove 2 hours at 1; 30 am at night to come get us and bring us home, so i called allianz insurence and there words were you have to be delayed 6 hours or more to qualify well you all know that most flight that are delayed more than 2 hours you will miss your connector, especially at 1; 30 am in the wee hours of the morning / / so they read the fine print off the policy that was on page 10 say ing a delay of 6 hours to qualify / / ok so what about trip interruption clause / / he says falls under same clause / / ok what about trip cancellation clause / / in essence us air cancelled my connector??? agent says same thing / / so another words thats how they make there money by not helping a paid policy holder his due compensation fee for a legitimate claim!!

Only holders of with - profits policy are entitled to a share in these profits and the payment of this bonus is conditional on the life insurer having surplus funds after claims, costs, and expenses have been paid in particular year.

The company is the largest non-bank supported private life insurer having a customer base of over 10 million policy holders, a pan India presence of over 800 branches and a Claim Settlement Ratio of 93 % as on June 30, 2015.

Example: Typically, the longer the waiting period on an insurance claim, the cheaper the policy will be for the holder.

While making claims on maturity, the insurance holder is required to provide a completely filled discharge form attached with the original policy documents as issued by LIC in the name of the policyholder.

We like to reward our holiday home policy holders who stay claims free by offering up to a 30 % No Claims Discount on our pclaims free by offering up to a 30 % No Claims Discount on our pClaims Discount on our policy.

It protects you as a policy holder and provides an excellent return on investment when you make a claim.

The Commission passed the order on a petition filed by the insurance company challenging the Karnataka State Consumer Commission's order directing it to consider the vehicle claim of policy holder Pragathi Constructions.

Also, customers / policy holders may log into their account on Frankenmuth Insurance Company's website to view their policy, make types of changes, make a premium payment, and to report a claim.

Based on its strong financial foundation, along with its timely payments of policy holder claims, Colonial Life Insurance Company has received high ratings from the insurer rating agencies.

Esurance prides itself on its customer service — which includes the timely payment of its policy holder claims.

In essence, full coverage would not ask us as policy holders to take on any of the financial risk of driving an automobile as it relates to possible claims situations.

The National Insurance Company Ltd has been directed by a consumer forum here to pay Rs 2.75 lakh to a policy holder for rejecting his claim seeking reimbursement of expenses incurred on his mother's knee replacement surgery.

The National Insurance Co Ltd (NICL) has been directed by a consumer forum here to pay a policy holder insured amount of Rs 1.3 lakh for a stolen car along with compensation of Rs 15,000 for rejecting his claim on the ground that the driver had claimed to be the owner of the vehicle in the FIR.

They pay higher insurance premiums because insurance companies generally raise the premium rates for any policy holder that has collects on a claim.

You are likely to find detailed information on the claim filing process and personal experiences listed by previous policy holders.

Hence why the costs of life insurance vary, depending on the policy holder's age, gender, and other lifestyle choices — insurance companies use this information to estimate their claim totals each year.

This means that policy holders can know that the company will be there when they need them to pay on when they have a claim.

For current policy holders, death benefit claims can be filed directly on the Banner Life website.

In life insurance, the policy holder's nominee will receive claim amount on death of the insured.

Like Max's plan, Kotak's plan also has the option called «Recurring payout» wherein part of the claim is paid on policy holder's death and a fixed monthly / yearly amount is paid for next 15 years to the nominee.

Dear Satish, Yes, most of the health plans have «pre-existing diseases» clause and the policy holder can't claim on medical treatments associated with such diseases.

The deductions that have been claimed earlier shall become taxable if life insurance policy is terminated by any failure on the part of the policy holder to pay premium or by notice for single premium policy in two years since the date of commencement and for regular premium policy for which premiums have not been paid for more than two years.

No claim Bonus - If the individual policy holder does not make a claim on their policy through the entire tenure, the policy holder receives a No Claim Bclaim Bonus - If the individual policy holder does not make a claim on their policy through the entire tenure, the policy holder receives a No Claim Bclaim on their policy through the entire tenure, the policy holder receives a No Claim BClaim Bonus.

In this instance it may be possible for an insurance company to compensate for losses incurred through paying out more in benefits than it collects in premiums, but this situation can not continue forever and if it did the insurance company would gradually go insolvent which isn't good news for policy holders because when an insurance company becomes insolvent it may not be able to pay out on any existing or future claims.

Different insurance companies offer very different terms for their trip cancellation coverage, but in general, policy holders don't have to submit more than simple receipts (and proof that a covered event occurred) to receive a payout on a trip cancellation claim.

The Supreme Court ruled in the favour of the consumer and stated that the insurance claims can not be rejected on the basis of delay caused in filing the claim if it has a satisfactory reason associated with it, as it will cause «the loss of confidence of policy - holder in insurance industry».

So while the insurance company may lose money on a handful of policy holders, in the long run they do well based on the fact that most will not make a claim until the later stages of the term.

For such times the policy holder needs to save all bills and raise reimbursement claim on prescribed format and attach these bills.

The case of Niruvati kamble (policy holder) whose insured dumper was stolen on 16 July 2012 gave rise to a new regulation which stated that insurance companies have to pay the claim in the delay written intimation case as well.

Though this act doesn't apply to claims made on health insurance policies, the fact that Washington insurance companies can be held accountable when policy holders feel they are being treated unfairly makes a powerful statement to providers and policy holders, alike.

A «claim» is a policy holder's request for repayment on a loss covered by their insurance package.

When a vehicle is totaled, a standard auto insurance comprehensive policy will issue a check to the policy holder for the actual cash value (ACV) of the vehicle, a number which represents the insurance company's closest assessment of its market value had it been sold on the day of the loss claim.

The first type is «First Claim Basis», under which the sum assured is payable on the death of any of the two policy holders who dies first and the policy ceases, thereafter.

Based on these statistics, insurance companies have found that the lower a policy holder's credit score is, the more likely they are to file claims, exaggerate claims, commit insurance fraud, or be late on payments.