De SOAC Pvt Ltd

As external consultants, we bring extensive knowledge and experience directly to the table, eliminating the hidden costs associated with intermediaries. Typically, intermediary costs range from 7.5% to 16.5%, with additional rewards on revenue of around 30% for non-health portfolios. We operate on a flat fee structure, similar to an annual fee, covering the entire insurance portfolio, including health, accident, asset, and liabilities insurance. The detailed on fee structure, visit us on https://Pending claims.co.in//remuneration-and-fee. All business is placed directly with the insurer, avoiding intermediary costs. Our proposal: 1.Outsourced Insurance Department: Larger entities have a separate department call Insurance Dept. However, It become difficult to mid-size companies to have an independent department. Therefore, we have come with the solution of having outsourced Insurance department. As part of the entity, we will have better access of the information and we will give unbiased and independent opinion on the Insurance portfolio. 2. Independent handling of policy & claims administration: The complete administration of policy matter as well as claims settlement would be managed by us. 3. MIS and claims tracker: Weekly tracker (health/ PA) and monthly reports for all other line of business. 4.Placement of business: Though the Insurance program will run and managed by us , the policy will be placed under Direct code ( no broker/ No agency) . There will be reduction in premium on account of removal of intermediary commission. 5.Fee & Remuneration: We charge a flat fee annual for the year irrespective of Line of business. There are no charges for all insurance renewal/ reviews. All policies related services and claims management service are taken care by us. Advantages: Expertise and Specialization II Administrative convenience II Compliance & Coverage II Cost Reduction II Easy Claims Processing