Claim Short-Settled
We simply buy insurance to get a claim when we are in need. Unfortunately, there may be instances where you might not get the complete claim amount, which can be upsetting. At Bimewala, we evaluate the situation and work to ensure that you receive the maximum claim amount from the insurance company.
Difficult in obtaining full compensation due to insurance claim short - settlement ?
Inadequate insurance settlement resulting in financial loss
What is Claim Short-Settled?
In the realm of insurance, a claim short-settlement occurs when the insurance company pays the policyholder an amount that is less than what they are entitled to under the terms and conditions of their policy. This situation can arise due to various factors, such as incorrect calculations or misinterpretation of policy details. It is crucial for policyholders to quickly address any issues related to short-settled claims to ensure they receive the full and fair compensation they deserve. Timely resolution of such matters is essential to avoid financial loss and maintain trust in the insurance process.
Sonal Mehta
“I am disappointed with the amount my insurance company has settled my claim for, as it doesn’t fully compensate for the loss I have suffered.”
Aman Gupta
“I feel that the insurance company has undervalued my claim, and I am finding it difficult to negotiate for a fair settlement.”
Rohit Patel
“I don’t have the knowledge or resources to challenge the settlement amount offered by my insurance company, and it feels like I am being taken advantage of.”
Why Bimewala?
Skilled Professionals
We have a team of industry specialists that will carefully assess your case and guide you thoroughly to get you the maximum claim amount.
Claim Assistance
We stand strong and fight for you at every step. Get claim assistance for life insurance, health insurance, and general insurance.
Trustworthy
We work to develop appropriate solutions for your case and can simply preserve your insurance rights after carefully considering your problem.
File your complaint with us today!
Register an online complaint so that our industry experts get in touch with you to give you the best advice.
FAQs
Claim filing starts with claim intimation i.e. informing the insurance company about the claim, followed by claim submission i.e. depositing all documents related to the claim along with the claim form.
You will get the claim amount directly in your provided bank account details or via a cheque issued in the insured's name.
Here is the list of major documents that you would be required to file an insurance claim:
Insurance Policy Papers
KYC Documents
Signed Claim Form
Discharge summary in case of a health claim
Original bills and receipts of the expenses incurred
If the insurer has a good basis for thinking you didn't take reasonable care to answer all the questions accurately, they may deny your claim. Failing to reveal a pre-existing medical problem is one of the most common reasons.