Myth 3: Private Insurers cannot be trusted to pay claims
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Most Common Myths of Insurance is related to Claims from private Insurers.
Myth 3: Private Insurers cannot be trusted to pay claims
A very common myth that most traditional investors have is that private insurers are out there only for business and will often reject claims. Well nothing can be far from truth.
Of course private insurers are running a business but that does not mean that they are not customer oriented. Private insurers are likely to be more efficient, technology powered, customer friendly and will surely pay all genuine claims.
They often also have more competitive, innovative products to suit your needs at affordable premiums. At the end of the day, there are good and bad insurers in both segments, but it is better that we decide based on research and without any preconceived notions.
Hi, I’m Managing Director at Gurpreet Saluja Financial Services where I help my investors to invest in mutual funds and achieve their financial goals. I’m also a Value Investor and here I write about Personal Finance & Investing.
