Have you felt dissatisfied by the policy you purchased or believe you were scammed? While that indeed is a sad reality, we are here to tell you that you are also not alone in the fight against frauds and mis selling! During our three years of existence, we have encountered different ways in which customers were mis sold the policy
Did wrong representation or technical jargons get your claim rejected? Do you feel dejected? Well let us help you get your claim back. More often than not, claims get rejected due to filing incorrect or invalid information. Although once rejected, the status of your claim can still be challenged.
When a claim process gets delayed, one land in waters of hopelessness and helplessness and we couldn’t agree more. This is an unwelcome move where despite having an insurance, you had to bear all costs and now the reimbursement stands delayed. Especially in this digital age, where documents sharing and verification between the insurance company and hospitals should be a seamless process yet delays in insurance claim approval are quite common.
Sometimes we forget to pay the premium or may not have money to pay the premiums. In both the cases the policy gets lapsed and the cover is lost. A lapsed policy is when a customer misses the premium or such as in case of permanent life if the cash surrender value is worn out. In such a scenario, if your policy is lapsed then the policyholder is no longer covered for any sort of benefit enlisted in the policy.
Feeling dejected because your insurance cover got rejected? It’s never a lost battle! More often than not, a claim is rejected due to non disclosure of pre-existing conditions. People with pre-existing conditions have to pay a higher premium for coverage, which is why some agents encourage policyholders to not disclose such diseases. However, don’t fall into this trap. It’s of the utmost importance to be honest on your application even if you have poor health or a risky hobby. If you don’t enclose information correctly your claim is bound to be rejected. We can understand all the reasons and help you get the cover you need by correct documentation with the company.
Most NRIs have insurance portfolios in INDIA. This portfolio is either managed remotely or left as lapsed. NRI also add insurances in their portfolio when they visit INDIA, such insurance may also come in the form of fixed deposits or investment schemes. Later they realize that investment schemes or fixed deposits has been mis-sold and they do not know the actions to be taken. NRI also buy health insurance for their family members in INDIA and they always seek support whenever a family member needs medical assistance. Insurance Samadhan understands these pain points and offers multiple services to our NRIs on two fee systems.
Maddoxpay is a B2B service provider in urban and rural area of India.
Get promotions,inspiration and the latest news about brands and products directly in your inbox.
© 2022 maddoxpay. All rights reserved.
