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(Querist)
19 January 2011 what are the procedure to check claims and outstanding claims; which are the areas to be checked and what is 64vb compliances ?
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CA Manikandan.A.V

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CA Manikandan.A.V (Expert)
19 January 2011 First you have to obtain a list as per the IRDA regulations the documents to be kept in a claim file, aqnd have to check whether all files available in file.

Ensure that the claim amount is not exceeding the Insured Declared Value (IDV)

Section 64 VB compliance means to ensure that
"No risk to be assumed unless premium is received in advance."
You have to ensure that premium cheque is realised and the 64VB complaince is properly authorised.
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CA Manikandan.A.V

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CA Manikandan.A.V (Expert)
19 January 2011 For Eg. refer

https://www.nationalinsuranceindia.com/nicWeb/nic/howtoclaim.jsp
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
19 January 2011 thnx mani
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