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Liberty General Insurance

Insurance, India, Maharashtra, Mumbai

Protecting what matters most with innovative insurance solutions and exceptional customer service.

About Liberty General Insurance

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Basics

Type
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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
India, Maharashtra, Mumbai
Official Website
http://www.libertyinsurance.in
Location Address Official Phone Email
India, Maharashtra, Mumbai India, Maharashtra, Mumbai **** ****
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FAQs – Liberty General Insurance

How do I choose the best private health insurance plan?

Choosing the best plan depends on factors such as your budget, healthcare needs, provider preferences, and whether you need coverage for prescriptions, dental, or vision. Comparing premiums, deductibles, copays, and coverage networks will help determine the most suitable plan for you.


Will I get a refund if my policy lapses?

Generally, insurers do not provide refunds for lapsed policies. However, if the policy has a cash surrender value, the policyholder may receive a partial payout if the policy is surrendered.


How is machine learning improving fraud detection in insurance?

Machine learning analyzes patterns in claims data to identify anomalies, helping insurers detect and prevent fraudulent activities more effectively.


How do reinsurance companies make money?

Reinsurance companies earn money by collecting premiums from insurers, investing reserves, and managing claims efficiently. They use risk assessment models to price coverage profitably while diversifying their risk portfolios to reduce overall financial exposure.


What’s the difference between first-party and third-party cyber insurance coverage for ransomware?

First-party coverage addresses direct financial losses from ransomware, while third-party coverage handles claims from affected clients, partners, or regulatory bodies.


How does a flood insurance deductible work?

A deductible is the amount you pay out of pocket before your insurance covers the remaining loss. Flood policies typically have separate deductibles for building and contents coverage. Choosing a higher deductible lowers your premium but increases your financial responsibility in a claim.


Does reimbursement cover the entire cost of my claim?

Not always. Depending on your policy’s terms and conditions, you may be reimbursed for a portion of your claim, with certain exclusions or deductibles applied. Some expenses may not be covered at all.


Why is the Claim Settlement Ratio important?

CSR helps policyholders assess an insurer’s reliability in paying claims, ensuring they choose a company with a strong record of settling claims fairly and promptly.


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