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Rights and Responsibilities of Insured

INSURANCE

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Chahil Bapna
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37 views5 pages

Rights and Responsibilities of Insured

INSURANCE

Uploaded by

Chahil Bapna
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Right And Responsibilities Of

Insured
What is an insured? Insured is a generic term that refers to
any person or entity legally entitled to
receive the benefits of an insurance
policy, typically claim payments.
Insurers make payments to insureds
after they experience a covered loss,
damage, or an injury that qualifies for
payment under the policy’s terms.
What Are The Rights Of An Insured?

1. Time limit for Processing a claim


2. Right to a copy of the Survey Reports
3. Claim Settlement and Right of Claim
4. Right to Cancel / Return The policy
5. Right to partial Withdrawal & Switch Funds
6. Rght to surrender the policy
7. Right of modification/alteration in the policy
What are
Responsibilities of
Insured

1. Application Honesty
2. Keep Down exposure to risk
3. Pay your Premiums
4. Keep your information Curre
5. Thorough Research Before Buying
Thank You

Chahil Bapna
B011

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