HDFC Life Insurance has set up an additional reserve of Rs 700 crore to service the claims intimations expected to be received.
Maternity Insurance: The certainty of a claim being filed is absolute, hence, the insurers levy a higher premium on these policies.
Irrespective of price revision, it makes sense to protect yourself before the Covid-19 risk knocks on your door
Beneficial nominees are the final and undisputed beneficiaries of the insurance benefits unlike regular nominees
The claims settlement ratio signifies the percentage of settled claims by the insurer out of the total claims received
Complete disclosure of one's medical history is a must because any discrepancy or non-disclosure will lead you nowhere in the porting process
If you have multiple policies remember to disclose the information at the time of filling up the proposal form otherwise your claim can get rejected
During Covid 2.0, many people struggled to file a claim as one wasn't prepared enough as far as key documents for the process are concerned
The sum insured increases in your health insurance policy for every claim-free year. Should you fall for policies with high NCB benefit?
Max Life Insurance said its claim settlement ratio also touched an all-time high at 99.35% during the year