Sentences with phrase «claims payouts based»

Colossus calculates claims payouts based on variables entered by a claims adjuster and pre-set algorithms that assign values given the variables entered.

Not exact matches

Since the growth is not measured on a per share basis, Rosenstein claims management can drive up its payout by acquiring new production volume, even if it means diluting the value of its shares to purchase Rice's wells with stock, which Rosenstein believes is undervalued.

However, while welcoming growing industry commitment to farmer payouts, the dairy chairman of the UK - based National Farmers Union (NFU) claims that more must be done to protect milk supplies.

While they claim to have «scrutinized and judged» on the basis of «initial signup bonus, category payouts, card perks, and point values,» they don't actually provide any of that analysis.

Plaintiff contractor sued his contractor's bond surety defendant for three claims after surety refused to issue him a new bond based on a prior payout to a homeowner for alleged faulty window installations.

Benefits of Installment - based (or Income - based) Claim Payout Term Insurance Plans

Appended below are the top 6 term life insurance plans based on the percentage of claims settled by the insurance providers.The following table has been created based on a payout of Rs. 1 crore at the time of policy maturation.

This is because you want an insurer that was evaluated by an independent third party and given a high grade and vote of confidence that the company will be able to payout future claims based on the company's financials and investment portfolio.

These ratings are based on factors such as financial strength of the company, claims payout, and reputation in the industry.

The insurance premium will be higher for replacement cost coverage, since the payout for the claim is based on the current cost of a new item.

Insurance companies are required to keep this large cash reserve base in case death claim payouts are much higher than expected over a given time period, due to a large scale disaster or poor underwriting for instance.

Therefore, even if the policyholder holds a base policy with an INR 3 crores sum insured, and opts for 100 % payout under the adventure sports cover, the claim payout still remains only INR 1 crore if the policyholder is permanently disabled or passes away by participating in an adventure sport specified in the policy.

If the riders only guaranteed payouts based upon 6 % growth per year, then he has essentially wasted his money by purchasing them, much the same way as those who pay car insurance and do not file a claim see no real return on their money.

Life Insurance provides financial protection to your family in your absence by providing death claim payout which is a lump sum Sum Assured plus accrued benefits / bonus basis the life insurance plan opted.

This body looks at insurers» proposals to adjust insurance rates and approves them if they are justified (based on higher claims payout, danger of company to run into bankruptcy, etc.).

Insurance can not use book value because the claim payout is based, not on the original value but on the current value with the depreciation formula applied, resulting in a higher overall claim value regardless of the age or wear on the item.