Tag - Insurance Claim

How you can stop your investment from slipping into insurance unclaimed funds

How you can stop your investment from slipping into insurance unclaimed funds

Recently, PTI reported that as much as Rs 15,167 crore of policyholders’ money was lying unclaimed with 23 life insurers as on March 31, 2018. Out of this, Life Insurance Corporation (LIC) has Rs 10,509 crore as unclaimed funds, while the remaining Rs 4,657.45 crore is with the 22 private sector insurers. Key reasons for rising unclaimed amount with these insurance companies 1. Failure in filing claims The biggest reason for a large number of unclaimed funds lying with the insurer is [...]

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10 reasons that can reject your life insurance claim

10 reasons that can reject your life insurance claim

Life insurance is the best way to secure your loved ones financially in case of an emergency or uncertainties. But sometimes common mistakes on your part can lead to rejection of your insurance claim. It is good that you choose insurance plans that benefit in the time of need. But it is equally important to know what instances can leave space for the rejection of the insurance claim. Therefore, before selecting the Insurance policy, you should go through these [...]

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