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MouthShut Score

18%
1.14 

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Group insurance
Oct 24, 2024 05:46 AM 175 Views (via Mobile)

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I as a nodal officer of an cooperative Bank writing this review. Our department done an MOU for accidental group insurance with this company for F.Y. 2022-23. Our bank paid 2.75 crore premium to company. At premium taking time company's response was very good. I have sent 50 claims to company


Out of which only 17 claims paid 16 claims rejected with nonsense reasons and 17 claims are still pending even after one year of submission. After many meetings and calls no one is responsible for delay of claim settlement. On papers claim settlement ratio is 96 percent but in reality it is less than 50 percent. So I personally advise that do not waste your time with this company if you thinking about insurance.


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