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  • Insurance Does Great Claim Ratio Guarantee Claim Payment?

    Does Great Claim Ratio Guarantee Claim Payment?

    Source: BusinessWorld Nov 3, 2015

    Alka Tripathi, the widow of Late Rakesh Tripathi, got the shock of her life after her deceased husband's life insurance company rejected her claim. Rakesh was the only earning member in her family and Alka with their daughter Rajni were financially dependent on Rakesh's income.

    Even if that was not the case, it was their right to receive the life insurance claim amount. But what happened? Why did their insurance company reject the claim? There were certain reasons. The sudden demise of Rakesh in a car accident sent the entire family in a state of shock. This was natural. It was an unfortunate accident and it took the family several months to recover from this loss. 

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