Sentences with phrase «cover claims payouts»

The company is taking on more risk by serving that area and thus will need to charge more to cover claims payouts.

Without CLUE reports, insurance rates would be higher across the board because people could choose not to disclose certain incidents, and insurance companies would then have to charge higher rates to everyone to cover claim payouts.

During the Financial Year 2015 to 2016, Max Life Insurance paid a total of Rs245.46 crores in order to cover the claims payout requirement.

Not exact matches

Insurance Payouts May Not Cover All Wildfire Damage for California Wineries Wineries damaged by wildfires tearing through Northern California are starting insurance claims, and at least some of the smaller vintners are likely to find limits in their policies mean payouts fall short of rebuilding cPayouts May Not Cover All Wildfire Damage for California Wineries Wineries damaged by wildfires tearing through Northern California are starting insurance claims, and at least some of the smaller vintners are likely to find limits in their policies mean payouts fall short of rebuilding cpayouts fall short of rebuilding costs...

Separately, anyone who already has an existing PPI policy in place (i.e. taken out before the 29 August 2017 deadline trigger) who later makes a claim on that policy for a payout (eg, if you become unemployed and claim for cover), if they then find the firm rejects their claim and they want to dispute it on grounds of a mis - sale, the deadline WO N'T apply.

If your comprehensive policy covers the whole amount of your loan, or your comprehensive insurer rejects your claim, you won't receive a payout from your gap insurer.

People who can not receive PPI payouts include people who don't work and even the self - employed, while most insurers will refuse claims due to stress, a bad back or a pre-existing condition that was not mentioned when taking out the cover.

Coordination of benefits in health insurance plans is the process where a person covered under two health insurance plans may receive claims payouts and payment under both plans.

In order to cover payout of these fraudulent claims, insurance premiums are increased.

For example, if you have to make a claim (say, smoke or water damage ruins everything), the payout will be in both of your names, and you'll both be entitled to half; but if you're the one with more valuable assets, you might not have everything covered.

objective of my buying is i just want my nominee to get 1cr after i die due to any reason i have found many crap in policy document saying accidental death cover, Claim settlement amount highest of 3, -10 times the annualized premium — 105 % of all the premiums paid as on date of death — Sum Assured Also there are some monthly payout plans.

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.

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.

An increase in claims means companies must increase rates to cover these payouts.

Taxi's are often involved in claims and therefore insurance premiums are increased to cover a higher frequency of payouts.

Other benefits include guaranteed coverage, family options, additional payments for covered accident - related claims and early payouts for terminal illness.