General Insurance Companies

Let’s take a look at some of the primary parameters you need to look into prior to selecting a general insurance company.

• Reputation of the Company – With numerous insurers offering a variety of products, it’s best to thoroughly research about the insurance company, its claim settlement ratio, etc. so you can make a wise decision.

• Claim Settlement Ratio – While purchasing a policy may seem very easy, the real issue comes at the time of a claim. It’s best you study a company’s claim settlement process and ratio so when the time comes, you’re aware and don’t face any disappointments. Preferably go with a company that has a high claim settlement ratio and quick process.

• Customer Support – You never know when you need assistance and so, it’s essential that the customer support team is knowledgeable, helpful, and resourceful. They should be able to help you at any time.

• Reviews – One of the best ways to understand about a company is via reviews. Reviews help you understand another customer’s experience and how the team was able to help. It’s good to spend some time reading reviews before you make a final call.

• Quality of Service – It’s essential you check the company’s attitude toward potential customers, like you. When they’re making a sale, are they patient and taking their time to explain all processed slowly and thoroughly? Do you take time to understand your needs or just in a hurry to make a sale? Ask yourself such questions prior to finalizing your decision.

• Numbers – At the end of the day, numbers matter. Ensure you check out the company’s numbers like market growth, share ratio, total assets, etc. in the market. This will give you an idea of the company’s financial stronghold and its ability to fulfill your claims.