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Insurance Loss Assessment

How do general insurance companies calculate claim to be paid under fire insurance: Fixed Assets Standard fire Policy Description Amount Replacement Value as new at the time of loss 100,000 Less: Depreciation, say @ 25% of above 25,000 Value at risk 75,000 Sum Insured under...

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Claim Settlement Ratio IRDA Report for Year 2014-15 IRDA report

When do you usually claim? When you want to come out of an adverse situation or to support your family when in financial crisis. The reason can be anything but will your insurance company take your claim procedure forward or what if they deny to...

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