Reliance General Insurance Company Limited has increased minimum sum assured limit for Health Wise Silver Plan to Rs.3 lakhs. Even though in leaflets/ brochures Reliance Health Wise minimum sum assured limit for Silver Plan is Rs.1 lakh. But in May 2009 Reliance has stopped accepting proposals for less than Rs.3 lakhs. It means minimum sum assured under Reliance Health-Wise Silver Plan is now Rs.3 lakhs. We feel that this is a step in the right direction as insurance companies are under pressure to control costs. Cost of issuing a policy is estimated...
Friday, 8 May 2009
Reliance General Insurance Company Limited Increases Minimum Sum Assured Limit
Posted on 09:45 by Unknown
Customers to benefit from New Renewal Rules for Health Insurance Policies w.e.f June 1, 2009
Posted on 07:19 by Unknown
Customers to benefit from New Renewal Rules for Health Insurance Policies w.e.f June 1, 2009These rules as announced by IRDA are:1. An insurer can’t deny renewal on any ground other than fraud.2. The policy brochure will have to clearly state the terms and conditions of renewal3. It will have to mention the age till which renewal will be allowed.4. It will have to mention the circumstances under which and the extent to which premiums will change.5. Insurers will have to intimate the policy holder about any change in premiums three months in advance...
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