Claim processing is a very important aspect for any Insurance organisation. This is equally very important aspect for any insured guy, before selecting the company for buying Insurance. When the rate at which an Insurance company settles a claim is lesser, it can have a bad effect on its reputation.

Insurance is the subject matter of solicitation that means you can only apply for Insurance. Also, it is granted at utmost faith. There are many questions asked in the proposal form. It is always advisable to fill these forms yourself and don't give to any other person for filling the same.

Questions like ‚¬"how many pegs you take in a week?‚¬ or ‚¬"how many columns of cigarette you smoke in a day?‚¬ are some very important questions that need to be answered well and with utmost honesty. History about some illness that you have come across in the past is also important to disclose.

It must be kept in mind that the Insurance companies love to settle the claims but that has to be verified well.

Data collected while accepting the proposal needs to be entered and maintained well in the database.

There are chances of human errors while entering the data. The time from collecting data from the persona to insured to jotting it down in the application form and then entering into the system by Insurance people are very important aspect. This needs to be done correctly and monitored well.
Employees doing this are well trained and there is no doubt about it.
Thanks to the IT evolution that is boon for the industry. The chances of human errors and data mismanagement have gone down to a great extent.
Claim management is very important for an individual or a company. Most of the time the sole earning member of the family is died and there is no one to take care of the family behind. In today's busy schedule no one have time to go and roam around insurance company that too have so many branches. People find it difficult as where and how to go about it. The process needs to be hassle free and easy for the suffering families.
Every day number of policies issued by a company increases that too exponentially. How to manage the claim part is very important. Robust and dynamic software for managing claims is the need of hour.
Thanks to the claim processing software available these days in the market. They are really doing very well. Among various solution providers in the market, Accenture and NIIT technologies are doing a great job in this field. They are not only helping the Insurance companies but the families who are seeing their void life for getting the claim settled at the earliest.