Insurance

Decoding insurance claim settlement ratio

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What is it? Claim settlement ratio is the ratio of the number of claims that the insurer has paid over the number of claims filed by the nominees during a particular period. “If […]

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Insurance

Insurance company fined for denying 7-year-old girl’s surgery claim by alleging ‘drug use’

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The court slammed the insurance company and the TPA for misinterpreting the mediclaim guidelines and held that 7-year-old girl did not develop cataract due to drugs. Vadodara: A consumer court in Vadodara has […]

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Insurance

Insurance claim: Surveyor’s word not final

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Last year, my car got stolen. I lodged a complaint with the police and also intimated the insurance company. Three months after this, the police found my car abandoned in a field. […]

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