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Insurance agent gets compensation for delay in getting claim in Mumbai

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 The agency and the TPA have withdrawn the claim after 99 days instead of 30 days.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

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 withinside the Indian coverage area, and is likewise the pinnacle earner in Mumbai.

ICICI Prudential is the biggest non-public company withinside the Indian coverage market. Also centered in Mumbai, there are sixteen branches of the corporation withinside the city. With its big selection of products, ICICI Prudential is a great choice.
Max Life is some other excellent choice for citizens of Mumbai. The corporation has a sizable presence with sixteen branches.

HDFC Standard Life Insurance operates 12 branches in and round Mumbai, and additionally has its head workplace here. HDFC Standard is a number of the pinnacle five coverage corporations in phrases of top class series withinside the usa.

SBI Life Insurance is some other essential coverage company with eight branches during Mumbai. It is the second one biggest public coverage company, and is likewise a number of the pinnacle 10 coverage businesses in India.

Birla Sun Life is the coverage arm of the Aditya Birla commercial enterprise conglomerate. Birla Sun Life Insurance additionally operates 12 branches in Mumbai.

Reliance Life is the coverage arm of Reliance Industries. There are eleven Reliance Life branches placed in Mumbai along with the corporation's head workplace.

Kotak Life Insurance is primarily based totally out of Mumbai, and is a number of the pinnacle 10 corporations here. At gift there are nine workplaces of Kotak Life placed during Mumbai.
With an enterprise pressure in extra of 75,000, Shriram Group is amongst the bigger non-public area corporations, and operates withinside the coverage area via its arm Shriram Life Insurance. The corporation has a robust presence in Mumbai with 10 branches.

Bajaj Allianz additionally operates 10 branches in Mumbai. It is a joint challenge among Bajaj FinServ and Allianz group. The corporation gives a variety of rules and hobby charges for all forms of clients.
Apart from the corporations given above, Mumbai is likewise domestic to nearly all of the essential coverage carriers with sizable wide variety of workplaces. Edelweiss Tokio Life and Bharti AXA Life each have 7 branches in Mumbai, accompanied through IDBI Federal Life, PNB MetLife India Insurance, and Aviva Life Insurance working five workplaces every withinside the city.

Customers in Mumbai can reap existence coverage from any of those businesses. Almost all of the coverage corporations provide their possibilities the possibility to sign up on-line in addition to pay their charges from the consolation in their domestic


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