Forums
Home » Forums » Claims Settlement Issues
 

What's the difference between Reimbursement and indemnity?

(2 posts)
  1. dhrove

    junior member
    Joined: Jun '09
    Posts: 9

    Posted 5 years ago #
  2. Pooja

    member
    Joined: Jun '09
    Posts: 31

    Under the indemnity, once you are eligible to receive benefits, the company will pay you the amount specified in the policy, regardless of the cost of service. Under the reimbursement method, the insurer will pay all or a portion of the actual expenses you incur, up to the maximum stated in the policy.

    Posted 4 years ago #

Reply

(required)

Allowed markup: BBcode a blockquote code em strong ul ol li img font strike center u hr.
You can also put code in between backtick ( ` ) characters.

  • Related Topics:
  • Tags
     
     
    Participate & help
    Online statistical survey
    Question & Answers at forums
    Share an insurance story
    Add an important news

    Free Insurance

    Claims

    Counselling

     
     
    Things I Should Know
    Insurance Terms(with examples)
    All Insurance policies (with reviews)
    Insurance educaton center
    How to make a claim guide
     
    Get a Free Insurance Quote
    Name:
    Email:
    Phone:
    Policy:
     
         

    About Us

    Associate Members

    Privacy Policy

    Disclaimer

    Indian Insurance community at Facebook
    Join our Facebook group here.

    Indian Insurance community at orkut


    Indian Insurance community at twitter
    Follow us on Twitter!



     
    Bima world. 2009. All content posted by our users is a contribution to the public domain
    For web related enquires please contact us on admin@bimaworld.com.