Q: I am a doctor working for a reputed hospital. Since the very beginning I was interested in health insurance management and policies. With the recent boom of medical insurance I want to make a career in medical insurance. Kindly let me know of any courses for doctors to get trained for specific management positions in insurance industry? A: Medical Insurance is a vast area. It offers tremendous opportunities for job seekers. Even today there are variety of policies, which will help us in better understanding of medical insurance. We are progressing toward regulated medical insurance products, which will be simpler and easier to understand. Since you are working for a reputed hospital in the Eastern Province, it must be having various personnel authorized to deal with insurance companies. I will suggest you to try to enter that area and gain some experience in insurance claims handling. Simultaneously, you can appear for professional insurance examinations. Nowadays these are conducted twice a year. To start with you can appear for licenciate examination, which will be held in the later part of this year. You may visit the website of Insurance Institute of India. Once you gain some experience you may look for opportunities with medical insurance companies and/or Third Party Administrators. Q: All vehicles of my company are insured against Comprehensive All Risks Insurance. Recently one of our vehicles met with an accident. The accident was caused by the third party's mistake and our vehicle sustained almost total loss. Our insurance company asked us to recover the money from the third party. What should I do? A: In motor accidents if the third party is responsible for damage to your car then you have to recover from the third party. There are possibilities that the insurance company of the third party may not pay you the full amount to repair or replace your car and some times you end up getting nothing. In such a situation you should try to keep all your documents in order and you should keep copies of your reminders which you have sent to the insurance company of the third party. You should also complain to SAMA with the guidance of your insurance company. After exhausting all these means you should try to recover the difference amount or full amount from your insurer. If your insurer is a professional then he will compensate you for your loss. It is always essential that you deal with a professional and reliable insurer. * Shujaath Ahmed Khan, an MBA, General Manager, Creative Associates is also a consultant and an expert in Insurance, Investments and Real Estate. He can be contacted at [email protected], website-www.creativeassociates.blogspot.com __
