IRDA

Insurance Claim Rejected? Here’s what you need to do …

An insurance policy is bought to secure the future, but what happens if the insurance claim gets rejected? Here are the steps one needs to follow: 1. Approach the insurance company · Reach out to the Grievance Redressal Officer (GRO) of the insurance company · Provide the complaint in writing along with the necessary support …

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LIC claim settlement better than private insurers: IRDA

Private insurance companies fared poorly in terms of settlement of death claims in 2012-13 as compared to state-owned LIC, says sectoral regulator IRDA. “The claim settlement ratio of LIC was better than that of the private life insurers,” Insurance Regulatory and Development Authority said in its annual report. Life Insurance Corporation posted claim settlement ratio …

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