Sentences with phrase «higher claim rejection»

When percentage is low it indicates that the company has higher claim rejection rate.

Recently I was reading an article on should one buy online term plans with high claim rejection rates?

A company having a high claim rejection ratio need not necessarily be a bad company.

They point to the high claim rejection ratio of some private insurers, especially the new players who have set up shop in the past 2 - 3 years.

Not exact matches

The death claim values are small in nature for savings plans and there are hardly any frauds because if someone indeed wanted to fraud the insurance company (which is a big reason for claims rejection), they would buy term insurance because it gives high life insurance cover with very low premium.

Insurers agree the claims rejection rate for policies without medical tests is high.

In case a claim arises, there is a very high probability of rejection as the appointed nominees may not be available anymore, and the company can not figure out whom to disburse funds.

If you avoid these tests, then rejection of claim by the insurer stating some pre-existing disease as a reason is high.

Day - care procedures covered — needless to say, the higher the numbers of processes covered the more secure you are against rejection of claim.

However, more the exhaustive the list, higher is the chance of claim rejection because everything is mentioned in minutest detail.

The higher settlement ratio is good for the company as claim rejection chances are very less from such insurance companies.