The Rich are preferred customers

It is so wrong......:(

@vandana7 Yes it is money talks and we walk.

I am going to write to IREDA about it. Does he have services of better employee who can define the claim better because of which he recovered so much from the Insurance company? If so, such services should be available to us too.

@vandana7 yes.. you must write about it to IREDA. These services should be provided to all whether they are rich or poor.

We need something like French Revolution...guess who will be the first to be guillotined? LOL

That too when there are very simple ways to contain such disparity...sigh.

Even so, I think IREDA is supposed to look into this, don't you think?

@vandana7 IREDA will also have someone close to Modi and just week ago Modi met all kapoors so they have their relay with everyone and things never go out of their hand

Which company is that..55%...I need to avoid it at all costs. On a more saner note...for every policy of 10000 and above, IRDAI must collect 100 from the insurance companies. This money should be utilized to employ doctors. All the tests and procedures that the hospital proposes to undertake for any privately insured person maybe undertaken only after this doctor says it is necessary. That way, cost of unnecessary tests and procedures can be avoided. In addition to this doctor, there should be another person who can classify the procedure in policy terms, so that the amount of claim can be easily determined. Policies are so verbose, and have so many clauses apart from diseases that a layman cannot understand whether he or she is qualified to claim a particular expenditure or not. In fact, IRDAI needs to standardize the policy wording, and each company that varies from such standards, should indicate only the clauses that differ from the standard document. For that all wordings of all insurance companies would have to be in same format. This also makes comparison easier. A software too should be prepared for comparison. Then people can choose what type of coverage they desire, can afford, and so on.

@RevivedWarrior Gee thanks...don't tell me I think more than those IREDA folks...why can they not think like us...beats me. I have Star Comprehensive coverage of 7500000 with add on extra protect. Apart from this, LIC's cancer policy of 1000000 (valid till I touch 75) and LIC's jeevan arogya 9 lakhs till 80 years. Obviously, I started with Jeevan arogya and cancer policy. Then Star comprehensive and finally the add on. Why I took this large sum? I believe expenses are gonna increase as we go forward.. And as I estimated, 60 percent will be the claim that will be honored. Better multiple policies...if not here, something elsewhere...LIC policies are benefit policies so I can claim under them as well as the indemnity policy i.e., comprehensive. It will help to cover part of the rejected claim, is what I thought. My father is covered for 10 lakhs with HDFC Ergo. 1 lakh with New India assurance. And now has Abha card for 5 lakhs since he is 90 years old. New India Assurance policy was the first one, and I simply am not comfortable letting go of it, because private companies don't do as much justice as the government companies do. You would think health expenses are only so much. But not true. The coverages are mostly for hospitalization. We have to provide at least 10 lakh for other expenses. There are expenses for which even when we are eligible, we don't claim, because running about for claiming is more expensive. For example 5000 for tests every three years. I need to seriously start claiming. LOL

@vandana7 Future Generali is the company and well you did make some valid points.

I feel so cheated..