Your FAQs answered: Understanding insurance industry language

  • 📰 SowetanLIVE
  • ⏱ Reading Time:
  • 65 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 63%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

SPONSORED | sahomeloans answers some questions to explain a few common insurance industry terms.

17 December 2021 - 10:00

Should you have a complaint against your insurer, you should first contact them to try to resolve the problem.What’s the difference between life cover and short-term insurance cover? Life insurance is aimed at protecting the insured person, their family, estate or creditors in the event of death or loss of income due to disability or illness. Short-term insurance provides protection against the loss or damage to your property, such as your motor vehicle or home.Credit life cover is generally taken to protect a creditor and your estate when you take a loan from a creditor.

Depending on the relevant policy terms and conditions, the insurer may reinstate a lapsed policy provided that the applicable conditions of cover have not changed. The insurer may request that you pay all the arrear premiums and complete a health declaration to consider the reinstatement.Policies can be taken out for a certain term, for your whole life or for the term of the loan, depending on the product offering.

Should you have a complaint against your insurer, you should first contact your insurer to try to resolve the problem. If the problem is not resolved, submit a complaint to the ombudsman, who will be able to provide you with free, efficient and fair dispute resolution.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

SAHomeLoans I know we all probably must have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Leticia_thomas3 on Twitter. She guides me through and i made a return of R15500 after a week of trading, connect with her

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dark, dark year-end for mining industry | CitypressFamilies have lost breadwinners and some children will spend their first festive season without their fathers, who died while working in South African mines. Whaaaat... I know we all probably must have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Leticia_thomas3 on Twitter. She guides me through and i made a return of R15500 after a week of trading, connect with her For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him blake_scott55 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success
Source: City_Press - 🏆 7. / 72 Read more »