MANAGEMENT

Detailed explanation-1: -An insurance claim is a formal request to your insurance provider for reimbursement against losses covered under your insurance policy.

Detailed explanation-2: -An insurance claim is a formal request by a policyholder to an insurance company for coverage or compensation for a covered loss or policy event.

Detailed explanation-3: -A term insurance claim has to be filed by the beneficiary/nominee of the policy, in the case of policyholder’s death. Once you initiate the claim process, the insurance company proceeds to verify and then settle the claim. Typically, the term insurance claim settlement is completed within 30 days of making the claim.

Detailed explanation-4: -An insurance claim is a formal request to an insurance company asking for a payment based on the terms of the insurance policy.

Detailed explanation-5: -The amount of money charged by the insurer to the policyholder for the coverage set forth in the insurance policy is called the premium.