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...
Many of us don’t know that whenever you get home a refilled LPG cylinder , you also get INR 40 Lacs of insurance which you can claim at the time of any mishap caused by LPG cylinder. This general awareness is not commonly known...
Insurance is an agreement between insurance company and the insured person. It is important for the insurance holder and his/her nominees to understand the rights and the process of claim so that he and his family is not denied the benefit at a time...
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...
Life insurance better if you know it as final expense insurance or assurance to your life needs. Which is sum amount paid by insurer in exchange of premium when the insured person expires or on policies maturity. Every year once you must mark a...