According to the new law, the insurance company have to comply with their clients for more claims for their respective insurance. If the companies failed to do so they might face certain legal consequences.This is a wonderful news for all the insurance holder but might effect the policies of the insurance company.This step was taken by the state against multiple complaints of foulplay by the insurance companies. All type of insurance such as automoblie, life, health and home have different rules and regulation for the claims and now will be monitored by the state.
How can a consumer get their motor insurance claims:
In the recent conference call the state has clearly given orders to insurance companies regarding the motor insurance claims. The insurance holder have full right to seek help of their respective lawyers in case of any misconduct done by the insurer. Motor insurance claims need to be settle in 3 to 5 working days according to the new law. The insurance policy holder have to provide all the documents related to the motor with proper license and papers. Mostly claims are settled very quickly and sometimes it get delayed due to lack of insurance documents.
How can a consumer get his their insurance claims:
Life insurance is a very important type of insurance and is opted by almost each and every person in the state. Basically, this insurance helps the family of the insurance holder financially after the death of that particular person. The claims of this kind os insurance are mainly very high as they already pay a high value premium. The claim recovery is done easily by the nominee by depositing the death certificate of the insurance holder. Incase someone find some difficulties in claims they can consult their lawyers and seek help in claiming the insurance.
How can a consumer get their health insurance claims:
Health insurance is basically done for insuring the medical expenses of a person. It complies medical expenses when a insurance holder is admitted to a hospital which have the facility of medical insurance. Health insurance which is also termed as medical insurance is a good investment indeed. In this kind of insurance the insurance policy holder have 2 options one is called cashless in which the insurance holder have to just share the credentials of the policy to the respective hospital and than all the expenses are directly paid from the policy card whereas in the second option the insurance holder have to pay for each medical bills in the first place and later on the insurance provider pay them back after 15-20 days by examining the medical bills provided by the insurance holder.
How can a consumer get their home insurance claims:
Home or you can say property/structure insurance are opted by the person who own a house or any kind of property like commercial space. This insurance usually helps when any misconduct happens in the insured place. If any insured structure face any calamity or disaster then this insurance protect it by giving financial support against the property. This insurance also cover theft or any fire kind of situation in the property. Basically this insurance is best to protect your valuable property against any loss.