Advance Process Collect Data Increase LIC Insurance
If you've got ever filed for insurance claims and have found it to be a tedious method, by July you'll expect a drum sander claim settlement method.
The regulator has directed all insurers to send all communication about issues and coupling of insurance policies within the type of a letter an email SMS or the other electronic mode.
The circular is consumer-centric and makes positive that insurers and intermediaries square measure clear in coupling customers across policy wordings issue and claims.
the problems addressed are lack of communication on inclusions/exclusions documents needed for process claims timeline on coupling claims, self-service following not accessible for claims and at last rejection of proposals and reasons for an equivalent.
To ensure honest and clear claim settlement procedures all insurers are asked to send word concerning the standing of the claim at varying stages of its process.
Damage caused by the sudden water flow into a house can get very messy and cause you more trouble than you imagine.
While living in an area prone to get affected by such water-based damages, a secure insurance policy should be taken for the same.
Many a time, for any regular person, it may get challenging to figure out whether the insurance policy covers the water damage claim.The standard home insurance policies that are availed of commonly cover only the sudden and internal entry of water and the damage caused by it, and the water should not have touched the ground outside the house.
Damage caused to the building due to lack of maintenance or sheer neglect in taking care of the property is usually exempted from the insurance policies.
For those who are wondering whether plumbing issues or broken pipes are covered?
If not taken care of properly, the continuous moist environment might lead to mould accumulation, which is also usually not covered in the standard policies taken by the regular people without any consultation, which they might easily miss out and suffer unnecessarily because of this minor ignorance, leaving them to bear the expenses all by themselves.
