Moneylife » Personal Finance » Consumer Interest » 'Penalise insurance companies for harassing customers'
'Penalise insurance companies for harassing customers'
- 4 comments
- + COMMENT
| 15/11/2012 03:26 PM |
While ordering Apollo Munich Health Insurance to pay over Rs1.8 lakh to a policy holder for not reimbursing his treatment expenses, a Consumer Forum has asked the Finance Ministry to deal strictly with insurance companies that harass customers
More in Moneylife
VIDEOS
Keep your Money Safe: Avoid money traps and MLM
LATEST COMMENT
It is interesting to see that Phaneesh did not pay a single dime in settlements. This was not expected of Infosys.. Naresh Nayak
MORE
Bank depositors should be protected against inflation, demands AIBDA
Mastercard, Amex step up data sales to marketers, says ConsumerAffairs.com
|
|
|
- Phaneesh Murthy: Let off by Infosys, sacked by iGate over sexual harassment charges
- Is the interest in Gold ETFs waning?
- OMCs to stop LPG deliveries to houses with multiple-connections from 1st June
- BSE to shift 29 scrips to T group category for failure to comply with demat norms
- Sun TV Networks announces 11% jump in its net profit
- ITC net profit up 19.4%, aided by non-cigarette and agri-business segments
- S&P cautions India of rating downgrade; retains negative outlook
- COMPAT orders cement cos to pay 10% of the Rs6,307 crore penalty
- Vikram Pandit to buy stake in JM Financial, to head its proposed banking arm
- MMM India, another MLM taking people for “double-your-money” ride
- RBI tells HDFC Bank not to make up its own KYC verification rules
- Why I-T returns of Pawar, Jindal and Gandhi are exempted from RTI?
- The draconian LBT: Local Body Tax explained
- How much longer can the FM, RBI ignore HSBC in India?
- Aadhaar: Private ownership of UID data- Part I
- Aadhaar: Who owns the UID database? –Part II
- Did HSBC Bank resort to toxic churning and illegitimate transactions to earn commissions?
- PNB Metlife refunds Rs25,000 to the correct policyholder: another Moneylife victory
- Goa’s Advocate General is the highest paid across the country, reveals RTI
- The draconian LBT: Local Body Tax explained
- Mass mis-selling: 59,000 investors in Kolhapur are alleged to have lost money in LIC ULIPs
- Sensex Rally: Winners and Losers as the index challenges the high of 2010
- Vinod Rai demits office: A CAG that India will miss
- Additional Home Secretary on the edge to complete probe into tampering of 26/11 call log records
- Phaneesh Murthy: Let off by Infosys, sacked by iGate over sexual harassment charges
- Do FIIs buy high and sell low–III? Panic-selling during declines
- Sunlight: The ‘be all and end all’ of human health
What's your say?
What you said
Thanks for casting your votes! View Previous Polls
Join 22, 000 Others
Membership Benefits
- Daily & Weekly newsletters
- Access to www.moneylife.in to comment, create alerts
- Your own profile in Moneylife.in
- All special mailers
- Basic membership to MSSN, our new initiative
- Free ebooks
- Invitation to events
- Invitation to round-table meets
- Access to Insurance helpline
- Access to counselling sessions
- Access to Reading room in Mumbai
Foundation Events
Comment
Vaibhav Dhoka 6 months ago
As most of the sectors such as Mutual fund,Insurance ,banking etc have been opened for invetment for private playes such incidences have increased many folds.Therefore all should think twice before opening other sectors in FDI.They ARE and WILL be only here for GAIN and no other intention by HOOK or CROOK method.As seen from above order.
Vaibhav Dhoka 6 months ago
As most of the sectors such as Mutual fund,Insurance ,banking etc have been opened for invetment for private playes such incidences have increased many folds.Therefore all should think twice before opening other sectors in FDI.They ARE and WILL be only here for GAIN and no other intention by HOOK or CROOK method.As seen from above order.
nagesh kini 6 months ago
The Forum's direction to the Ministry needs to be followed up vigorously.
In Medi-claim issues all the insurers are laws unto themselves and take undue pleasure in delaying and rejecting valid claims, including incentivizing their hand-maidens the TPA (who anyway ought to be done away with forthwith) to dodge claims.
I once represented at Insurance Ombudsman a very senior citizen whose claim for a trifling Rs.70,000 on the account of his dead spouse was rejected on very frivilous grounds. The insurance co and the TPA didn't put in appearance at the final hearing resulting in ex-parte ordering full claim.
Many prefer not to pursue injustice simply because the insurers only harass further - hike premium and/or delist the ailment on renewal or simply refuse to renew.
The TPA system to say the least is obnoxious and over time has proved to be a tool for harassment of hapless insureds.
It is time the IRDA implements the list of very valid suggestions submitted to its Chairman by MoneyLife. The Ministry of Finance need to ensure this.
ROY SYDNEY 6 months ago
I have also approached Pune additional consumer forum against Cholamandalam Ins co who have rejected claim saying that pre existing condition.Unfair trade practice and deficiency in service are my complaints.