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Claim Settlement Process of Life Insurance Services - A Case Study of ICICI Prudential Life Insurance Company
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Claim Settlement Process of Life Insurance Services - A Case Study of ICICI Prudential Life Insurance Company

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Abstract:

Life insurance is mainly taken to cover up risk of death/disability in term of monetary terms and secondary for the purpose of better return as investment option. Claims are filed at the time of maturity or in case of death/disability. The study focuses on the claim settlement process of life insurance services of ICICI prudential life insurance company. With the increasing numbers of policies, numbers of claims are also increasing in ICICI prudential life insurance company. Therefore it is very much essential to have simple and clear claim settlement process. The study is based on the secondary data collected from IRDA and research papers from various journals. The study concluded that in ICICI prudential life insurance company with their “Customer First” approach efficiently perform their claim settlement process.

Info:

Periodical:
International Letters of Social and Humanistic Sciences (Volume 35)
Pages:
26-32
DOI:
https://doi.org/10.18052/www.scipress.com/ILSHS.35.26
Citation:
R. K. Yadav and S. Mohania, "Claim Settlement Process of Life Insurance Services - A Case Study of ICICI Prudential Life Insurance Company", International Letters of Social and Humanistic Sciences, Vol. 35, pp. 26-32, 2014
Online since:
July 2014
Authors:
Rajesh K. Yadav, Sarvesh Mohania
Keywords:
Claim Settlement, ICICI Prudential Life Insurance Company, Life Insurance
Export:
RIS, BibTeX, Text
Distribution:
Open Access

Creative Commons License
This work is licensed under a
Creative Commons Attribution 4.0 International License

References:

Available from: http: /www. iciciprulife. com/public/Life-Claims/FAQ-claims. htm.

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Yadav Rajesh K. and Mohania Sarvesh, Indian Journal of Economics and Development 1(1) (2013) 29-37. ( Received 29 June 2014; accepted 06 July 2014 ).

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Cited By:

[1] S. Siddiqui, "Indian Life Insurance Sector: An Overview", SSRN Electronic Journal, 2009

DOI: https://doi.org/10.2139/ssrn.1339447