Sentences with phrase «of policy holder claims»

Due to its strong financial foothold, and its timely payment of policy holder claims, Pacific Life has earned high ratings from the insurer rating agencies.

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

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.

Due to its financial strength and stability, as well as to its reliable payout of its policy holder claims, AIG has received high grades from the insurer rating agencies.

Not exact matches

Some researchers warn a catastrophic cyber event triggering thousands of policy holders to file claims simultaneously could lead to insurers going bankrupt, like in 1992 after Hurricane Andrew, or require a federal bailout like in 2008.

Insurance companies can only turn a profit by having lots of people paying in who hardly ever go to the doctor or by turning down claims, which makes it worthless to the policy holder.

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.

PI insurance provides support to the policy holder for financial losses sustained as a result of this type of claim.

Consider this: in 2015 alone, 231 D.C. policy holders filed flood insurance claims and the received at total of $ 3,364,850.26 in compensation.

Synergy Risk Management is a multi-disciplinary approach involving underwriting, claims and loss control professionals to help eligible policy holders reduce the frequency and severity of accidents, and the exposures that lead to accidents.

3. - suppose policy life is 2 years and 9 month when policy holders dies... if nominee files for claim after 3 months... i.e. after 3 years of policy starting date.

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.

An issue has been raised that these GICs would be subordinate to other policy holder claims in the event that Executive Life ever is placed in conservatorship, (i.e., an insurance equivalent of Chapter 11).

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.

In the first half of 2010, individuals buying through an insurance agent or financial adviser paid a $ 2,180 annual premium for common plans that pay claims that are not taxable for the policy holder.

you must report the death of the policy holder and / or covered family members to them directly to initiate a claim and receive payment

«The fact that one group of policy holders» exposures has imperiled the policies of the other does not mean they should forfeit the value of their claims altogether,» the Bank of America analysts said.

The policy holder pays a small amount of money monthly for coverage, and the agency provides reimbursement for claims filed.

Once it became clear that the situation in the Outer Banks was not going to be quickly resolved, we made a decision as a company to step up and pay out claims for any of our CSA Travel Protection vacation rental policy holders affected by this event.

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.

We are also expert in product liability and product recall policy holder insurance claims and in handling insurer coverage disputes, some worth hundreds of millions of pounds.

We defend your policy - holders in commercial general liability claims spanning a wide variety of areas, including fire losses, oil spills and construction losses.

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.

One insurance carrier that meets the financial strength criteria, and that is also known for having an appropriate method of paying out its policy holder's claims, is AIG.

Because of its strong financial foundation and timeliness of paying policy holder claims, Assurity has been rated as an A -(Excellent) by A.M. Best Company.

Adjuster: An expert employed by the insurance companies to evaluate the losses of their policy holders and settle 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.

Claiming that IRDAI is distributing bonus to insurance policy holders out of the funds invested by insurance companies with IRDAI.

At the same time, it gives coverage for the insured party's family, which means that beneficiaries will receive proceeds from the insurance claim upon death of the policy holder.

These rights do not extend to information collected in connection with or in reasonable anticipation of a claim, civil or criminal proceeding, or to specific items of privileged information when an applicant or policy holder is suspected of fraud, material misrepresentation, or material nondisclosure.

Death of a policy holder I have had an ongoing insurance claim from a car accident for over 3 years, but recently the policyholder died.

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!!

For an insurance company their investment income is the amount of money earned from premiums and any other investments they hold after the deduction of claims and benefits paid out to their policy holders.

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.

For this reason though the policy holder may need to pay a higher premium for inflation protection in their insurance contract, they may consider it wise to do so because in the event of a claim they will want to ensure their standard of care is not compromised in the long - term.

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.

If the holder of a life insurance policy dies before telling the beneficiary where his or her policy is, the beneficiary will need to find the policy in order to claim the benefit.

This is often used in policies which cover health, disability or life insurance so that a policy holder has a reasonable guarantee of ongoing coverage even if they should develop a condition or conditions that increase the likelihood that an insurer will have to make a payment against a claim.

Insurers suggest that policy holders created a detailed inventory of their belongings ahead of time, so they have them ready in case of a claim.

10 times of single premium paid (excluding Service Tax) + Loyalty Addition is payable as death claim amount, in case of death of the policy holder before completing 15 years or the maturity date of the policy.

Premium, it is the amount paid to the companies for an agreed amount of time to ensure that beneficiaries receive the insurance claim after the death of the policy 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.

Through March of 2014, Genworth has paid out more than $ 10 billion in just long - term care insurance claims to its policy holders.

In the case of insolvency policy holders may face increased levels of individual liability if the insurer can not make payment in the event of a claim.

In the event of the death of the policy holder during the term of the policy, the beneficiary can claim the proceeds of the death benefit.

Consider this: in 2015 alone, 231 D.C. policy holders filed flood insurance claims and the received at total of $ 3,364,850.26 in compensation.

Required Forms in Claiming the Death Benefits Most insurance companies will accept a copy of the death certificate of the policy holder.

In a typical automobile insurance policy, a deductible will apply to claims arising from damage to or loss of the policy holder's own vehicle, whether this damage / loss is caused by accidents for which the holder is responsible, or vandalism and theft.