New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A demand made by the insured, or the insured’s

    beneficiary, for payment of the benefits as provided by the policy is known as?
    A Claim Correct Answer Incorrect Answer
    B Request Correct Answer Incorrect Answer
    C Demanding Correct Answer Incorrect Answer
    D Aggregate Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    An insurance claim is a formal request to an insurance company for coverage or compensation for a covered loss or policy event. The insurance company validates the claim and, once approved, issues payment to the insured or an approved interested party on behalf of the insured.

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