Insurance agent gets compensation for delay in getting claim in Mumbai An insurance company has awarded the insured Rs 8,000 thousand for the financial loss and mental agony he suffered due to the delay in the release of the money by National Insurance Company Ltd. and his medical expenses. The agency and the TPA have withdrawn the claim after 99 days instead of 30 days. The regional sales commission has ordered that the amount be paid within 15 days of the order, otherwise interest will have to be paid. 9 percent interest per year. The order dated November 16, 2022 by RG Wankhade, Chairman and SV Kalal, Member of the Mumbai Suburban District Consumer Disputes Supplementary Dispute Redress Commission in the complaint of Kandivali resident Kailashnath Dubey against National Insurance Company Ltd. and Medicare Services TPA (I) Pvt. Dubey, a national insurance agent, had taken out a health insurance policy from August 28, 2016 to August 27, 2018. During the policy, he had an accident and
Top Insurance Companies in Mumbai |Maharashtra| A Total of 24 existence insurers function in India. Maharashtra is through some distance the biggest supply of coverage charges withinside the usa. Almost one-0.33 of typical charges gathered withinside the usa had been from Maharashtra, a massive bite of which got here out of Mumbai. All of the existence coverage businesses working in India have workplaces in Mumbai. Some of the biggest existence coverage businesses have their head workplaces located in Mumbai e.g. Birla Sun Life Insurance, HDFC Standard Life Insurance, ICICI Prudential Life Insurance, Kotak Mahindra Life Insurance, SBI Life Insurance, Tata AIA Life Insurance, Reliance Life Insurance, and Bharti AXA Life Insurance amongst others. The pinnacle businesses in Mumbai are: LIC has four LIC Customer Zones in Mumbai aside from severa workplaces placed across the city, and the corporation additionally homes its head workplace here. LIC of India is the largest participant withins