Life Insurance
Non-Life Insurance
Mutual Funds
Bonds
Loans
Small Saving
 
Online Counselling
Insurance Portfolio
e-Greetings
Articles
Calculators
Newsletter
 
Child Plans Health Plans Pension Plans
 
 
» Home » Information » Learning Centre » FAQs Details
 
 

Non Life Insurance

 Refer this page to a friend   Print preview

What happens if there is a dispute regarding claim settlement between the insured and the insurer?

fjrigjwwe9r3SDFAQs:FAQCont
t arise between the insured and the insurer is with regard to either admission of liability or the quantum of the claim.

In case of disputes regarding quantum of the claim, where the liability under the policy is admitted by the insurers, it is a condition of the policy that such disputes be referred to an arbitrator, as per provisions of the Indian Arbitration Act,1940.

In case the decision of the arbitrator is disputed by any party, then that party can approach the proper forum of either the Consumer Forum or the Civil Court. Disputes regarding admission of liability is always referred to the Consumer Forum or the Civil Court.

Back Top
Copyright © 2012 JP Insurance All rights reserved.