sir, i m runing a trust ...can i take a policy in the name of one of my director

sir, i had invested 45000/- in 1994 in senior citizen plan of u t i,and was given an insurance cover for expances on treatment,i was given no claim bonus and the total amount swelled to over 7 lacs.Last year i got injury in my eye.It was operated several times. and my bill for operation and medicines swelled to 1.80 lacs which included my hospital fee medicines. my transport from Sikar to DELHI as no train connection was there so taxi charges,and some of my previous bills of treatment which were of small amounts.I was handed over a cheque of nearly 67000/- my repeated enquiries as to how so much deduction were made,did not get a response. in fact this whole money is for treatment of me and my spouse.I am 72 yrs i asked that if I dont survive long enough to utilize this amount where this money goes. No reply to this. also can U please solve this.I was in touch with 01123741283, neerja Patra manager at uti Delhi my policy no is 109540310000230,,109540300000230,DR V.K.Khanna M.D FICA USA LLb Sikar liondrvkkhanna@yahoo.co.in

Who frames the rules, conduct and terms for insurance policies: Finance ministry or IRDA or insurance companies themselves?? Most of the govt insurance companies discontinue the cover under personal accident and health insurance after insured reaches particular age. Who has approved such policies? Pl. give copy of circular in this regard issued by or approved by Dept. of Financial Services, Insurance Division. 7. Most of the general insurance companies offer cashless card for health cover. But they or their TPA approves this card and sanction limits to hospital against request for cashless approval. a] Whether as per government guidelines prior approval is necessary ?? Pl. give relevant copy of circular. b) Can insurer / TPA ask for copies of policy/ policies inspite of insured carrying valid cashless card and getting admitted in approved panel hospital Even if he possesses cashless card or original copy of latest valid policy document? c) Can insurer ask for 6 to 10 years of policy documents? Is insured suppose to keep old policy documents? If yes then for how many years. d) With in what time frame in the approvals for cashless admission/ treatment / hospitalization must be given by insurers as per the guidelines of govt/ IRDA? Give copy of same. e) If the cashless approval does not come and patient has been admitted in emergency and is not in his home town and is unable to get funds then what is a remedy for such cases?? f) Have u fixed some penalty / cancellation of licence for erring insurers / TPA’s and what is a procedure? g) Whether settlement of claim depends on latest policy terms or is based on old policies too??? In accounts we carry forward all debits and credits to latest balance sheet. And the latest balance sheet reflects the true and latest status/ balances of anyone. Same way the latest policy should contain all limitations/ exclusions / what company will pay, what is the percentage of expenses allowed per day on room etc. But insurers / TPA’s ask form insured copies of old policy documents?? Pl. give copy of relevant documents / govt guidelines/ IRDA guidelines on this issue.

sanguineinsurance @gmail.com writes Grievances can be sent to CALL CENTER : TOLL FREE NO:155255 Contact information: Complaints against Non-life insurance companies: Private Insurers: Shri K.Srinivas, Asst. Director, Insurance Regulatory and Development Authority Consumer Affairs Department United India Tower, 9th floor, 3-5-817/818, Basheerbagh, Hyderabad – 500 029. e-mail ids:complaints@irda.gov.in Public Sector Insurers: Mr.R.Srinivasan, Officer on Special Duty Insurance Regulatory and Development Authority Consumer Affairs Department United India Tower, 9th floor, 3-5-817/818, Basheerbagh, Hyderabad – 500 029. e-mail ids: complaints@irda.gov.in Complaints against Life Insurance Companies: Mr. T Venkateswara Rao, Deputy Director Insurance Regulatory and Development Authority Consumer Affairs Department United India Tower, 9th floor, 3-5-817/818, Basheerbagh, Hyderabad – 500 029. e-mail id: complaints@irda.gov.in Register The IGMS can be used by policyholders but they must first register themselves on the site www.igms.irda.gov.in/ Information Apart from providing personal details and contact information, the complainant must select an identification number such as PAN, passport number, voter ID, etc.

Hello, Sir, I bought a policy from TATA AIG in october 2010,policy no. "u031246134" for Rs50000.00.The advisor told me that i will recieve the policy documents within 1 month meanwhile i called the agent several times for my bond each time she gave me false assurance that they were on the way ,I kept waited for 45days but hadn't recieved the policy so finally I asked the agent to cancel my policy due to bad services rendered to me and asked her refund the complete amount as it was in "FREELOOK" period they canecelled my policy and sent out a cheque of Rs 46350.34.I lodged acomplaint in their branch for incomplete refund they assured me that remaining amount of Rs 3633.60 will refunded later . My ordeal started from there I made several complaints for the remaining amount but they are making fun of mee and keep harrassing me, all this caused a lot of mental agony and harrassment by this insurance company because they are not folowing the "IRDA RULE THAT A CUSTOMER CAN CANCEL HIS OR HER POLICY WITHIN 15DAYS IF HE OR SHE IS NOT SATISFIED WITH POLICY TERMS". I made severals complaint to concerned authorities to address my grivences but noone is paying any heeds to my pain ,so I request you to take some strict action against this errant company to get my remianing hard earned money Rs 3633.60 along with the judicial monetary compensation for the inconvenience caused to me from the last 7months .Plz I request you as I saved that money for my daughter's future and due their callous attitude i can not buy a new policy from a reputed insurance company I am "UNEMPLOYED " FROM LAST 4 MNTHS . "PLZ. HELP ME "

Sir, We took a medical policy with oriental insurance last year with policy number 231301/48/2011/275 and it was done by m/s vipul medcorp tpa pvt ltd from gurgaon . The name of policy is happy family floater plan in which I my wife and my mother were covered for one lakh each. The premium for policy was Rs.2283 which paid. A few days back my wife was admitted in the hospital because of infection in her pancreas and got treatment for the same. During the course of treatment it was also discovered that she had stone in her gall bladder but she was not treated for the stone at the hospital. We contacted the executives of oriental insurance and they rejected our claim saying that stone problem is not covered in the policy. They did not even bother to actually go through the medical reports of the hospital which proved that the treatment was against infection in pancreas instead of gall balder stone. We have found ourselves helpless due to ignorant attitude of the executives of the company is solving the matter. We are a middle class family and we take such polices so that they help us in our future instead it has turned out to be quite a harassment. We cannot afford such expensive treatment and we need that the actual benefits of the policy should be given to us which we have been deprived off. Kindly help us in getting our benefits from the policy. sunny 9815049499

I am aVRS optee from general nsurance Industry. Can I start my own consultancy?

Does any insurance agency insures any group or individual under medicliam policy for a part of year[in months]?

I just want to ask TWO question's to SEBI ,......

Q- 1 : They are saying that there is a high profit margin in life Insurance Business. Can they tell me , in which business profit margin is less than 30 %( you can take any Industry , either cold drink , cement , fmcg , pharma etc )......

Q - 2 : Which Industry write there profit Margin over their products??

SEBI are just commenting about insurance sector growth..... They also want to destroy large scale employment given by Insurance Sector .... No Industry in any country can work on the Model , as proposed by SEBI( ZERO Profit and print PROFIT on Product) ... They are just pursuing their own self interest, putting all things at Stake . I want MEDIA to act strongly against this..

Good article!