Monthly Bulletin – August  2019

Monthly Bulletin – August 2019

Monthly Bulletin – August 2019

[insert_php]the_post_thumbnail( $size, $attr );[/insert_php]

IRDAI had mandated that in case of policyholders who wish to stake total loss claim in vehicle insurance will now have to obtain a certificate of cancellation of registration.

Government is actively pursuing, merger of 3 public sector general insurance companies. This will help to consolidate business as well as stem losses and restrict internal competition which is hampering growth of business. However, this will be a complex task as all companies have different sets of products and different exposures which need to be aligned.

Please note that due to server failure and system maintenance work in United India Insurance Co. Ltd from second week of August 2019 their routine operations are affected across the country. We have received lot of calls for non-receipt of policies, renewal notices, endorsements, refunds and claim processing / settlement etc.

We are managing this situation by working out the renewal premiums from our records and continuously following with UIIC for getting the pending matters resolved. There may be a difference in premium due to No Claim Bonus in Motor policies, Age difference in Mediclaim / PA policies etc.

Hence we request you to kindly bear with us for this unforeseen situation and regret the inconvenience caused in this regard. We also request you to check your systems for the renewal time of the policies etc, in case we may also miss out some of the renewals due to this additional work load, so that continuity of the policy is maintained as a measure of extra caution. Please also notify to us any missing of renewal notice / policies etc.  immediately for our prompt action.

Happy reading

Thanking you and assuring of our best and prompt services always.

Yours faithfully

For Link-K Insurance Broker Co. (Pvt.) Ltd

Blog Categories

0 Comments