What is Claims?

In the context of insurance, healthcare, and other industries, "Claims" refers to a formal request made by a policyholder or beneficiary to an insurance company or other entity for payment or compensation under the terms of a policy or agreement. Claims typically involve submitting documentation and evidence to support the request, which is then reviewed and processed by the insurer to determine its validity and the amount of payment to be made. Claims processing can involve various stages such as verification, investigation, and adjudication.