amar singh chauhan

• Dec 1st, 2014

 

Insurance claim is setteled in company and reinsurance claim is settled by reinsurance company

Praveen Sharma

• Jun 20th, 2015

 

Insurance claim handling means that if any uncertainty happens then insurance company paid claim which is insurable amount, if there is any type of hidden clause like in percentage not payable, then it will applicable in that time, and also there is some hidden clause over there where insurance co can deny the claim amount.

Re-insurance - It means that any insurance company have to insure it self from any other insurance company, where is a clause cover i.e.,- if any company will face any big loss then in that case who will be responsible for the claim amount paid to the client, or if any type of uncertainty happen with that company then it should be covered.

In India, there is a company name- GIC(General Insurance Company) who provide the facility for re-insurance.

Praveen Sharma

Arif Syed

• Feb 15th, 2016

 

Insurance is a contract Between Insured and Insurance company..It is settled on the terms and conditions of the agreement,Where as Re-Insurance is contract between Insurance Company and Reinsurance Company it is settled on the basis of agreement (Proportional and Non Proportional treaty) to the Insurance company