In the UK, As a Bathroom and kitchen fitting business, does anyone know how to find onto approved?
list for Insurance Companies. For instance, when a claim is made the Insurance Company sometimes recommend or give an account you which Company to use to do the work.??Answers: In short, it's bloody difficult. You may find it easier to get your foot surrounded by the door by going direct to Loss Adjusters. Often, especially with buildings works, adjusters enjoy free run to bring their own contractors into the claim - sometimes to provide an alternative estimate.
My advice would be to contact adjusters surrounded by your area and ask to be considered surrounded by the event of claims that you can do the work for. Tell them precisely what types of work you can do. It may be an idea to provide examples of job you've already done.
You might also want to do the same beside Loss Assessors.
Hope this helps.
How do insurance companys(adjuster) determine liability?
How does an adjuster determine liability? Do they often challegne it or not? How long do it thieve them to determine it? What is the process? The situation is my landlord be negligence and left a 5 inch pipe sticking out of the ground and i tripped over it. I own been cooperating near the adjuster and given all my history and bills.Answers: Are you talking in the order of the landlord's insurance co. adjuster? You cannot directly submit a "claim" directly to his insurer. Only he can do that. Have you submitted a claim for damages to the landlord or sued him?
ULIP Mis-selling?
For the past 3 to 4 years, every insurance company is marketing ULIP policies on period of war footing. Tall claims were made by insurers wherein returns as large as 80% were quoted. Many agents used to relate prospective buyers "Pay 10,000 for 3 years and take subsidise 1 Crore after 25 years" Can you believe this ? Today when the stock market have crashed and the NAV's of most schemes hit rock bottom, the big grill arises as to what will happen to the dreams of the middle class policholders who dreamt of getting a readiness of 1 Crore. In the first place it was foolish of them to own even believed these figures when the agent canvass them. But what about the agent who cheated the customer near such mind blowing figures ? The agent earn his hefty commission but the policyholder suffered. Is this a justified deportment of selling policies ? Even after 60 years of independence, cant any dealing be taken against such Agents.FRIENDS, PLS GIVE ME YOUR HONEST COMMENTS ON THIS SUBJECT.
Answers: Dear,
Problem with insurance is that agent is given terrifically high premium within first year & to get that commision, he can mis-guide to any extent. Once policy is sold, he is a ecstatic man & you are into the trap for at least some year.
It is terribly true that agent show you a dream that your money will multiply this much time in some year. But they do not communicate you about the charges company will charge from this. They a moment ago tell you on principle of NAV growth.
Once one agent told me that NAV of this fund is increasing at 25% & if you invest 50K every year, you will get 240K after 3 year. He be thinking that I am unaware roughly charge story. when he completed his speech, I show him that if I consider charges of the policy, even my investment of 150K in 3 year will not recuperate after 3 year. An agent can tell you 100 of lies surrounded by selling one policy. I am collecting those lies & going to write an artical about assorted methods of ULIP misselling.
Also I want to tell you that the agency that control the insurance industry,IRDA, is totally messed up to control this manace. Even you will find banks similar to ICICI, HDFC selling these policies & they will also hide charges from you.
Due to these issues beside ULIPs, I like Mutual Fund+term insurance.
As far as bazaar fall is concerned, hold patience. This will boost with time & adjectives should be fine.
That's not a mis selling.As per economic experts Indian share marketplace will be a bullish market at lowest possible for next thirty years. so a buyer investing 10000 for 3 years may gain 1 crore or more after 25 years,considering the annual appreciation rates of major ULIP funds.What happen in the stock bazaar is not a crash,but only a correction.
BE POSITIVE
Agents are saw but the decision have to be taken by you so think twice previously investing.
As per IRDA regulations No insurance company should project the returns more than 10% pa. But it is true that some agents and DOs missold the product with elevated and attractive figures. But it is the duty and right of the customer to find the facts up to that time buying. Now you can find anything with the relief of internent. I had given free suggestion to so masses people who approached me to guide them contained by these policies.
good luck
pnkmurthy(a)yahoo.com
http://www.geocities.com/pnkmurthy/lic.h...
these insurance mis-sellers own cheated the people too much all the same. I just met an insurance advisor, who be just maxim that his policy has 100% allocation (BIRLA SARAL JEEVAN PLAN) but he be hiding that this saral plan has a charge explicitly too much on monthly basis. One of my friend read the brouture & calculated the charge.On 50000/- investment, it be 17,000/- each year for 3 years & next 3000/- each year.
These agents are really cunning guys , who only thinks just about themselves & their commission. These people show big dreams to investors & do not make clear to the basics. Also This saral jeevan plan is designed surrounded by a way that a adjectives man can not understand the charges smoothly.
Bharat, you are very right that charges eat your investments.