Oct 23, 2016 09:11 PM
11094 Views
I have gone through several reviews & complaints. There are nearly 28 general, health, life insurance companies includes LIC & public sector insurance companies are come under the control of IRDA. They have to follow IRDA directions & orders to be issued from time to time in the interest of public. All are to note that all health insurance policies issued by different companies are under following terms & conditions only. 1) All pre existing diseases will not be covered for 48/36/24 months from the dt of issue of policy 2) any health problem found during medical check up will not be covered as 3) Correct age & personnel details are required for issue of policy
4) There should be no non disclosure of medical condition of insured at the time of proposal, other wise policy will be cancelled 5) Depending on age, every year proportionate increase in premium will be there.6)There are permanent exclusions for certain diseases & specific wt period for certain diseases for 2 years.Therefore it is very important to note that proposal form is an important document for all claims. No doubt now days health & life covers are becomes essential need of the day. Therefore before buying any life or health policy from private or public companies, buyer must note the above terms & conditions.
