Once the premium for a certain assured sum has been charged by an insurance firm under a policy, the same can't be reduced later when a claim is made, a consumer forum here has held. The New Delhi District Consumer Disputes Redressal Forum gave its order on a complaint against … [Read more...] about Claim : Insurer can't reduce Sum Assured after charging higher premium
Archives for June 2012
IRDA : Guidelines on Servicing of Orphan Policies
Insurance agents play a key role in conservation of insurance business by rendering valuable post sale service to policyholders. Whenever an agent discontinues his agency or is terminated by the Insurance Company, the policies secured by the agent are left behind orphaned. In … [Read more...] about IRDA : Guidelines on Servicing of Orphan Policies
A disease can be pre-existing only if it’s certified by doctor
There is always debate on the pre-existing diseases and how and when Pre-existing disease will be covered?, in health insurance. Now a District Consumer Disputes Redressal Forum gave a ruling that, "For medical insurance claim settlement, a disease cannot be said to be … [Read more...] about A disease can be pre-existing only if it’s certified by doctor