Article

Claim
June 06 , 2012

In any insurance policy, we pay a premium to protect ourselves or our family financially against certain events (death, hospitalisation, fire damage, etc). A claim is when any of these feared events happens, and we request the insurance company to pay the agreed compensation for our loss.

The insurance company would have a list of documents to be submitted with the claim. This list depends on the type of insurance being claimed. Common documents include death certificate (in case of life insurance), bills and doctors certificate (in case of medical insurance), police FIR (in case of theft), etc. If these documents are satisfactory, there is a time limit within which the company is supposed to pay the claim. Any disputes can be referred to an Ombudsman, who is appointed by the regulator to protect consumer interest.

Fintotal Knowledge the best place to learn more on personal finance.

The language is simplified and written specially for non finance background individuals.


Explore more in a easy manner.

Table of Contents

Table of Contents

  • No Article Listed
  • No Article Listed
  • No Article Listed
  • No Article Listed
  • No Article Listed
  • No Article Listed
  • No Article Listed
  • No Article Listed
  • No Article Listed
  • No Article Listed

Get the all financial products under one roof only at

you will NEVER GO WRONG with us!

Unbiased . Best Deals . Appropriate Products . No Mis-selling