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Probably because, they are the best insurance company in India and have the highest claim settlement ratio

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14y ago

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Why do you have to let the insurance company know if you already have have a insurance policy with a different company?

The reason why life insurance companies ask about other life insurance coverage is to determine if you have a need for additional life insurance. The insurance companies do not want you to be overinsured.


What is the basic policy of Berkshire Hathaway?

Berkshire Hathaway is a holding company that owns different insurance companies as well as other various companies, or is a major investor in them. Basically their policy is to make money for stockholders...lol. But I think you where probably refering to an insurance policy, so it would just depend on which insurance company of theirs you are talking about, and even then they dont have just one standard one.


Can you change home insurance after a claim?

If you have filed a home insurance claim through your existing home insurance company, you do have the right to change insurance companies if you were unhappy with the service you were provided, or for any other reason. As long as you have coverage in place at the time of the claim, you can cancel your policy and bind coverage with another company. It is important to receive quotes and bind your coverage before cancelling your policy because some companies will not accept homeowners with claims on their claims history report.


What is convertible term insurance?

A term policy that can be converted to a whole life (or other) policy.


What is the cash value in an insurance policy mean?

The cash value is the amount of money your insurance policy is worth to the owner of the policy if the insurance is cancelled and the policy terminated. The insurance company will mail a check to the to the policy owner upon policy termination or cancellation by request of the owner. I would strongly encourage you to consult a professional in your area before cancelling an existing policy. There may be other options and alternatives to access the value of the policy without cancelling the insurance policy.

Related Questions

Is your moped attached to your auto insurance?

No. A moped cannot be written on an auto insurance policy. It would have to have a seperate motorcycle policy in order to be covered. Usually, but not always, companies that write one do not write the other. We have 3 insurance companies that write motorcycle insurance and non of the 3 offer an auto policy.


What are some companies that do home insurance in the UK?

Some companies that do home insurance in the UK are Direct Line, Policy Expert and Sainsbury's Bank. Other companies include John Lewis Insurance, Churchill and Nationwide.


How long after a DUI conviction do insurance companies find out in PA?

Most insurance companies find out about DUIs and other tickets when they pull your driving record when your policy renews.


Why do you have to let the insurance company know if you already have have a insurance policy with a different company?

The reason why life insurance companies ask about other life insurance coverage is to determine if you have a need for additional life insurance. The insurance companies do not want you to be overinsured.


How to change beneficiary on my life insurance policy?

In case you are not aware, You can nominate more than one person for your life insurance policy. But it is not advisable as at the time of claim, payouts can happen only on 1 name & in such scenario, insurance companies ask for NOC from other nominee. You can change your beneficiary/ nominee by just completing the formalities of the insurance companies, in most of the companies it is a single pager form.


How does knowing about car insurance quotation save money?

A car insurance quote is an estimated amount that the owner of the car would pay if in the insurance policy. It can help save you money by showing which each insurance companies rates are like and can be compared to other companies.


When in a car accident that is not your fault dose the other Insurance company pay for the car rental Insurance?

Yes, as long as you had comprehensive and collision insurance on your own policy. Rental companies require you to have these and the other party will not pay for them.


How does Universal life insurance compare to other top life insurance companies?

Universal life insurance is reasonable compared to other top life insurance companies. However, I prefer Great West Life. I find the customer service to be first rate, the premiums reasonable, and policy options plentiful.


Is AAA the best company for Highway insurance?

"Yes, AAA is the best company for highway insurance. They have superior policy when compared to other companies who provide similar highway insurance policies."


How to search for motor insurance quotes?

The best way to get motor insurance quotes that include your two teenage sons is to discuss first with your present insurance provider. After you get their quotes, you can go online with your existing policy and apply for free quotes from other insurance companies. Several insurance companies provide discounts for loyal customers and discounts for more drivers insured on one policy.


Is the price of life insurance from farmer's insurance fair?

It never hurts to get free no obligation quote from other insurance companies. Rates are constantly changing and if you have an old policy it may be time to update it.


What is the basic policy of Berkshire Hathaway?

Berkshire Hathaway is a holding company that owns different insurance companies as well as other various companies, or is a major investor in them. Basically their policy is to make money for stockholders...lol. But I think you where probably refering to an insurance policy, so it would just depend on which insurance company of theirs you are talking about, and even then they dont have just one standard one.