Services
Delay in Claim Process
Delay in Claim process -When processing claims, insurance companies can take a while. We at Policy Cab recognise how valuable your time is. We work with you to make sure that your claim is processed quickly because we are aware that the policyholder may not like the lengthy delay.
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What is Delay in Claim Process?
When referring to insurance claims, the term "delay" describes an instance in which an insurer fails to process or resolve a claim in a timely manner. For instance, the IRDA mandates that a health claim be completed within 30 days of the final document submission. An insurance may occasionally fail to look into or react to a client's request for payment in a timely manner. Such circumstances cause further delays in the resolution of claims.
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Faqs
Delay in Claim Process
The insurer must provide a good justification for the holdup. If assistance is not provided, Policy Cab helps you contact the insurance provider.
The insurer must provide a good justification for the holdup. If assistance is not provided, Policy Cab helps you contact the insurance provider.
While claim rejection implies that the insurance company has rejected the claim, claim delay indicates that the insurance company is still reviewing the claim. If it is declined, it can still be contested.
