Sentences with phrase «simple claim settlement»

Not exact matches

Stick to the basics by collecting insurance information from the driver, but don't discuss who was responsible at the scene — insurance claims representatives have been known to twist a simple statement of «I'm sorry» into an admission of guilt to lower your settlement.

The Settlement did not stipulate any final compensation amount — instead, it set out a simple and straightforward claims process.

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Simple things like timely premium payment reminders, easy to read proposal form, efficiency in handling customer queries, quick claim settlement are some key aspects of good servicing.

Simple documentation for claims settlement - this car insurance plan ensures that the claim process is very simple and hassle free - Duly filled and signed claim form, driving license, registration book copy, copy of insurance certificate, load challan, route permit, FIRSimple documentation for claims settlement - this car insurance plan ensures that the claim process is very simple and hassle free - Duly filled and signed claim form, driving license, registration book copy, copy of insurance certificate, load challan, route permit, FIRsimple and hassle free - Duly filled and signed claim form, driving license, registration book copy, copy of insurance certificate, load challan, route permit, FIR etc..

A life insurance company should have an effective claim settlement process i.e. it should settle claims quickly in a simple hassle - free manner when the policyholder's family needs help the most.

This is one of the major reasons that IRDA has made it mandate to use simple calculation methods to help users calculate Claim settlement Ratio.

You should ask about the company's claim settlement process to assess whether the process is simple or ambiguous.

Claim Settlement Ratio or Claim Clearance Ratio has a simple formula.

Claim Settlement Procedures: At the time of getting a claim settled, it is very important that the insurance provider has simple procedures and optClaim Settlement Procedures: At the time of getting a claim settled, it is very important that the insurance provider has simple procedures and optclaim settled, it is very important that the insurance provider has simple procedures and options.

With a healthy claim settlement ratio and simple claim process, it is one of the best life insurers operating in the Indian life insurance market today.

The claim settlement process for term Insurance is simple and one can easily avail the benefit in the hour of need.

At IDBI Federal Life Insurance, the Claim settlement process is made to make the settlement experience simple, quick and hassle - free.

In simple terms, claim settlement ratio is the measurement through which one can understand how many claims were raised and against that how many of them were paid or settled.

Though insurers have made the claim settlement process simple, by offering a cashless facility, there is a slight variation if you have two health insurance policies — an individual plan and a family floater one.

Insurer - related (Company) factors: Premium rates, customer service track record, bonus payment track record, bonus rates (translate into a simple ROI to measure the relative worth of the plan), claim settlement ratio, reputation, and financial standing.

Claim settlement is an integral aspect of life insurance - follow these simple tips and make it smooth sailing.

How the top three compare (icici, hdfc & lic) with regard to claim settlement process, i mean which one is simpler and easier

This annual income is expressed as a fixed percentage of Death Benefit at the time of claim settlement and then increases at the rate of 5 % per annum simple on each death anniversary of the life insured for the chosen payout term.

This is a simple calculation, the number of claims received by the insurance company and how many of them are settled for a particular financial year, this ratio is called Claim Settlement Ratio.

(Claim Settlement Ratio in simple words is number of claims settled by the insurance company for every 100 claim applications received by the company in a financial Claim Settlement Ratio in simple words is number of claims settled by the insurance company for every 100 claim applications received by the company in a financial claim applications received by the company in a financial year)

In my opinion, claim settlement will be much simpler if you purchase the plan as a rider.

So for example if the claim settlement ratio of LIC for the year 2012 - 13 is 97.73 %, in simple terms it means for every 100 claims that LIC received in 2012 - 13, it settled 97.73 claims.

LIC's claim settlement ratio for the year 2010 - 11 was 97.03 %, which in simple terms means out of every 100 claims LIC received during the year 2010 - 11, it paid 97 claims.

This is simple terms means for every Rs 100 worth of insurance cover that these companies sell they have to keep aside Rs 150 for claim settlement.

It is important to check the important details related to the claims like claim settlement ratio of the insurer, claims procedure is simple or complex, claims payment turn around time, claims history, etc..

This simple ratio not only helps in judging the company but as there are different CSR available like claim settlement ratio of term insurance and others, you can also choose the right policy and plan for your future's financial safety.

But claim settlement ratio is one of the most simple as well as crucial factors to judge any insurance company and its products.

The calculation of these ratios are pretty simple and IRDAI has made it mandatory to keep it simple so that any layman who is interested in buying insurance can calculate these ratios especially claim settlement ratio and take afair decision.

Claim Settlement Ratio (CSR): In very simple terms CSR refers to the number of claims that were settled by the insurance company out of every 100 claim requests it received in that particular Claim Settlement Ratio (CSR): In very simple terms CSR refers to the number of claims that were settled by the insurance company out of every 100 claim requests it received in that particular claim requests it received in that particular year.

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This in simple words means for every Rs. 100 of insurance business (cover) the company undertakes, it has to keep aside Rs. 150 for claim settlement.

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This in very simple terms means, for every Rs 100 worth of sum assured or insurance cover sold by the insurance company, it has to keep aside Rs 150 for claim settlement.

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