insurance

[qualheima]

What percentage of insurance premiums are ever paid out by insurance companies to their customers? Considering that the insurance industry uses the government to force people to buy their product and frequently advertises on TV, it doesn't seem like a very high percentage of premiums are paid out. Does the insurance industry pay out even half of its revenues in claims? A quarter? 10 percent?
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[speedski]

do you make 10, 20 or 45% commission from promoting the company you will in your reply?

 

[sp3ctre]

do you make 10, 20 or 45% commission from promoting the company you will in your reply?

Cynic!

As for the question... bit odd, I think... actually not heard of an insurance policy not being paid out. You need to "play the game" a bit, as they always try to pay less, but as long as you fight your corner you should get paid out ok.

...of course, I have no idea what it is like in India... judging by the driving over there I am surprised anyone is insured, let alone get paid out LOL

 

[speedski]

do you make 10, 20 or 45% commission from promoting the company you will in your reply?

Cynic!

Been an admin of far too many forums to know the drill...although this is an improvement considering the topic they posted is actually related to the forum they posted on LOL