23:02
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In
order to make sure that our life stays the way it is during tough financial
times, we try to acquire several financial schemes. Investments, insurance and
savings are the major ones of all of them. Insurance is assured some of money
that will be given to our family in case we are suffering from certain diseases
for medical treatment, for education of our children and support our family
after our death.
Due
to its significance and helpful nature, insurance is mandatory in most of the
developing and developed nations, thus helping its citizens to stay put during
difficult financial times. According to the law, the insurance company is
supposed to pay back the sum of money at the time of maturity or after the
client fulfills the criteria like death, accident, or during admission in
college. According to the nature of the insurance type, criteria can differ;
however, the laws remain the same.
Even
after the laws, or fulfilling the criteria, some insurance companies do not
provide claims on time or provide a reduced amount of money assured during the
initiation of insurance. If you are suffering from such problem with insurance
company, you need assistance of the Insurance Lawyer in Singapore. The
insurance lawyers are well aware of how to deal with the insurance companies
and obtain your money from them.
In
case you have been suffering at their hand for a long time, without any proper
reason, the insurance company is liable to pay back the insured sum along with
compensation for harassing you in the time of distress. In order to make sure
that you are without any fault with insurance company, follow these simple
tips:
·
Follow
Laws: while acquiring insurance for business, house, personal
use or medical use, you must follow all the business laws in Singapore. Read
the offer document at the time of obtaining insurance policy to be aware of all
the legal formalities and criteria related to it. Click here
to read more tips…………..
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