Claim Settlement

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Claim settlement is an issue in many cases where a claim gets rejected either due to improper documentation or lack of information shared. No company will repudiate the claim if appropriate information has been shared.

What to do if your claim is repudiated. If your insurance company decides to repudiate meaning your claim is rejected, it's essential to understand the reason. Review the insurance policy's terms and conditions to ensure the claim is valid based on your coverage.

Repudiated claims can be forwarded to the grievances department to get favorable responses failing which can be forwarded to the Insurance Ombudsman as appointed by the government details of which are available on the IRDAI website and also on policy documents. If one is not satisfied even with the ombudsman's response, then the policyholder should approach the honorable court.

IRDAI Ombudsman

Risk Factors – Investments in Mutual Funds are subject to Market Risks. Read all scheme related documents carefully before investing. Mutual Fund Schemes do not assure or guarantee any returns. Past performances of any Mutual Fund Scheme may or may not be sustained in future. There is no guarantee that the investment objective of any suggested scheme shall be achieved. All existing and prospective investors are advised to check and evaluate the Exit loads and other cost structure (TER) applicable at the time of making the investment before finalizing on any investment decision for Mutual Funds schemes. We deal in Regular Plans only for Mutual Fund Schemes and earn a Trailing Commission on client investments. Disclosure For Commission earnings is made to clients at the time of investments.

AMFI Registered Mutual Fund Distributor – ARN-103967 | Date of initial registration – 13-Jul-2024 | Current validity of ARN – 12-Jul-2027

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Claim Settlement