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Getting insurance companies to pay claims is
the hard part at times. Though the claims ratio of most insurance
companies is 94-98 per cent, claimants often have to run pillar to post
to get these. There are various reasons due to which claims can be
rejected. Among these is a delay on the part of theclaimant.
Under the Limitation Act, a claimant has to tell the company about the death in three years. The company can refuse to pay the claim if told beyond this period. But, in case of genuine reasons, the company has to pay  |
Thursday, June 26, 2014
Do not delay filing an insurance claim
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