Issues with various Insurance Services in India: Inputs Sought

Below are some of the key issues listed by you in the past in regards to insurance in India. Kindly review and share any additional inputs you may have on the same. We look forward to your inputs and then escalating the same for policy and enforcement interventions!

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  

Insurance_-_12_Oct_2019___20191012081337___.jpg
View all 162 comments Below 162 comments
I too have a few suggestions/observations:
- Why should a mandatory Insurance for Motor Vehicle have a high rate of GST i.e 18%?.
- Most of the people are not aware of what to claim under insurance. This is true for all types of insurances.
- There are no insurance for some types of misfortunes such as job loss, old people care etc.
- Appliances Companies insist on taking AMC for each of the home appliance. Why not have an insurance to cover home, appliances, vehicles etc so that premia can be minimised and bring the household cost down?.
- Insurance is not provided for senior citizens, above 70 years, I think. But why not initiate a group family insurace package that can, at least, to some extend bring relief to a middle class family.
- Insurance agents are sometimes aggressive and do not touch upon some of the vital clauses within the policies and emphasize only on advantageous (but dubious) clauses. This should be avoided and their must be a mechanism to complain against such agents. The problem here is that agents are relatives or come through some referral and it is often not possible for the affected person to complain. It is better that Agents follow some code of ethics. more  
Exclusion less healthinsurence for senior citizens must be offered by all companies . more  
18% GST on premium must be removed.As premium on an average entitled for Tax rebate at 20% in most of the cases.Also no claim bonus for medical insurance must be introduced. more  
I like to add one major issue for role of IRDA, which is acting for the benefit of insurance companies and not for the benefit of consumers, like making it compulsory to have long term insurance for vehicles, this is at whose cost and why such long term insurance made compulsory? more  
Vehicle and Factory Insurance shall be Yearly on a legitimate Check Only. more  
non inclusion items are not disclose to customer.
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  
Post a Comment

Related Posts

    • Rate your Member of Parliament

      A Member of Parliament has 2 responsibilities i.e. 1) To drive good governance and development in their constituency and 2) Attend parliament for about 120 days in a year, debate issues, vote on bi...

      By LocalCircles Manager
      /
    • Hallmarking to become mandatory

      Many of you participated in the Trust in the Jeweler Survey earlier this year. Attached please find the summary of the survey. We are please to inform that the Government has accepted your recommen...

      By LocalCircles Manager
      /
    • What should the Government do to improve GST collection?

      As you may be familiar, the GST collection in September was at a 19 month low of 92,000 crores. The Government is looking at various options including increasing GST rates on some products, as wel...

      By LocalCircles Manager
      /
    • Online frauds using Facebook, Whatsapp, Instagram and other platforms: Inputs Sought

      Some of you in the online communities for Ministry of Consumer Affairs, Department of Legal Metrology and other circles have been highlighting how buying and selling is taking place via Facebook, I...

      By LocalCircles Manager
      /
    • Solutions to stop stubble burning and the deadly air in Delhi NCR and North India

      Delhi NCR and many parts of Northern India have continued to breathe the deadly air with little respite. On a few days the AQI levels even touched the very dangerous 1000+ markPoint solut...

      By LocalCircles Manager
      /
    • Improving Governance of PSUs - Addl Inputs

      Members of various circles continue to report instances of corruption at Public Sector Organisations. Below are your key inputs to improve the functioning of PSUs in India. Kindly review and if you...

      By LocalCircles Manager
      /
    • Content of Online Platforms like Netflix, Amazon Prime, Hotstar, etc- Inputs Sought

      Recently some members raised the issue of lots of objectionable content and language being used in movies and more so in video series run by sites/apps like Netflix, Amazon...

      By LocalCircles Manager
      /
    • Need for Hotel Services Standards in India - Addl Inputs

      Last year, many of you participated in the consultation of issues regarding the Hotel industry in India Below are the key issues, root causes and solutions for the state of hotel industry in India...

      By LocalCircles Manager
      /
    • Committes attached to govt.

      These celluloids should not get these posts. it is not clear whether the posts carry some sort of remuneration. These committees have definite role and why not advertise for memberships in committ...

      By Subramanian Venkataraman
      /
    • Pathetic MPs and bureaucrats

      25 out of 29 MPs skip key pollution meet called by Parliament's Standing Committee on Urban Development meeting. 5 Top Bureaucrats from Environment Ministry & the Municipal Corporations also bu...

      By Vinita Agrawal
      /
Share To
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)