Issues with various Insurance Services in India: Inputs Sought
Insurance in India - Key Issues
1.Cost of treatment when not hospitalized, not covered
2.Premium charges are very high
3.Claim processing is slow
4.No reason is given for the rejection of the claim
5.The duration in which a claim will be settled is not mentioned
6.Vehicle loss surveyors have thick closeness with fraudsters, their commission from fraud claim settlement is fixed
7.Application forms are lengthy and confusing
8.Terms and conditions are printed in small letters which usually go unnoticed
9.Sales executives do not give out the complete details while selling
10.Many frauds happen in the insurance sector
11.Mediclaim for senior citizens is very expensive
12.Grievance redressal channel is very bad
13.All companies don’t offer cashless insurance
14.All hospitals are not covered under the cashless program. more
Finding clause to avoid insurance amount.
In most of the case pre-existing disceases are not covered.
premium amount is much higher for old age people. No govt subsidy for old age people.
After paying tax on income for 60 yr, govt not provide health insurance for old age people. more