Which among the following companies has launched an industry-first 'Global Health Care plan?
Bajaj Allianz General Insurance
Bajaj Allianz General Insurance has made a significant move in the insurance sector by launching what is described as an industry-first 'Global Health Care plan'. This innovative health insurance product is designed to offer comprehensive coverage for medical needs, potentially extending beyond domestic borders.
The introduction of a 'Global Health Care plan' signifies a step towards providing broader security for individuals seeking healthcare services internationally. Bajaj Allianz General Insurance aims to cater to the evolving needs of customers who require access to medical facilities worldwide. This initiative highlights the company's commitment to innovation within the general insurance market.
The Life Insurance Corporation of India Act was passed by the Parliament in the year ______.
In which year was General Insurance Corporation of India incorporated as a company?
Given below are two statements
Statement I: In the case of Life Insurance, the insurable interest must be present in the person insured at the time when the event happened.
Statement II: In the case of Fire Insurance, the insurable interest must be present in the object insured at the time when the policy is taken and the event has happened.
In light of the above statements, choose the correct answer from the options given below
Arrange the following steps in a logical sequence of the claim settlement procedure in the Insurance
A. Scrutinisation
B. Investigation of an assessment
C. Claim form
D. Notice of loss
E. Settlement and Arbitration
Choose the correct answer from the options given below
The safety margin that insurers must maintain in order to protect the interest of the policy holders is called -