The insurance claim process can be smooth if the policyholder puts trouble into fully understanding the details and removing all dubieties before copping a policy
Insurance claim processes frequently leave numerous policyholders dissatisfied. Still, the process can be smooth if the policyholder puts trouble into fully understanding the details and removing all dubieties before copping a policy. In dispatch commerce with FE Online, Deepak Bhuvneshwari Uniyal, co-founder and CEO, of Insurance Samadhan, explains everything policyholders should know and how his association helps them. Extracts
What are the most common reasons for which insurance companies deny a claim to policyholders?
In Life Insurance-Non-disclosure of any pre-existing health issues, non-disclosure of the being programs, non-disclosure of life habits like consuming alcohol/ smoking, Incorrect protestation of occupation.
In General Insurance-Non-disclosure of pre-existing health issues, no active line of treatment, Hospital not Needed.
What are the crucial points to keep in mind while buying an insurance plan?
You can write to the company’s grievance cell stating the reasons why the claim should be paid. The same can be escalated to the IRDAI portal and the Ombudsman.
What are the crucial points to keep in mind while buying an insurance plan?
- The product should be bought grounded on the need
- The folder should be studied
- Fill out the offer form and answer all questions rightly
Why Insurance Misselling is so Rampant?
It’s a veritably complex product so people typically don’t get into details of the policy terms and conditions. Utmost of the merchandisers don’t have a complete understanding of the product. Utmost of the insurance is bought purely on a collective trust
What should insurance buyers do to keep themselves from falling prey to misselling?
Don’t get allured by offers that are unthinkable like high returns, lagniappes, loans, Gold coins, Palace Installation, etc. If in mistrustfulness call the client service of the insurance company and check.
Buy an Insurance policy rather through a known source or online after studying the folder
Fill out the offer form a declare all information
Hear to the verification call by the insurer and answer all questions rightly.
How Insurance Samadhan helps policyholders?
Insurance Samadhan will guide you through the resolution Journey. We filter the genuine complaints and also pail them into subtypes. Our system also picks the points and regulations which shall help represent the case in the most stylish possible way for the company.
We help guests represent the case at the company position, IRDAI, Ombudsman in the correct way. Our system helps induce prefilled forms and attestation needed to represent the complaint in all situations.
Our experts are available to help you understand the points and answer all your questions concerning your complaints
