1 |
Issuance of Insurance Policy (Tariff
-Business): |
Within 24 hours from the receipt of Premium. |
2 |
Issuance of Insurance Policy/Cover -Note/Certificate
(Non-tariff Business): |
Within 24 hours after getting proper documents & premium
from the insured. |
3 |
Specialized Underwriting:
|
Executed yearly according to the demand of the insurer. |
4 |
Renewal of Reinsurance Treaties with- the Private
Companies: |
Executed on yearly basis as per requirements of the Private
Insurance Companies. |
5 |
Overseas Reinsurance: |
Executed on yearly basis as per SBC’s reinsurance
requirements. |
6 |
Underwriting of Large (Specialized) -risks (Non-Tariff
items): |
Immediately on getting the proposal from the insured. |
7 |
Settlement of Claims: |
Within 90 days after receiving all relevant documents from
the insured/claimant, if no complexities arises. |
8 |
Renewal of Surveyor’s License: |
Within 48 hours after receiving the registration certificate
from the office of the Chief Controller of Insurance. |
9 |
Car Parking Facilities: |
(a) Daily Facilities: On the spot/within 2 minutes (From
8.00 AM to 10.00 PM except holidays). |
| |
|
(b) Monthly Facilities: Monthly arrangements of car-parking
could be provided within 24 hours on subject to availability
of space. |
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