This is a discussion on Insurance jugglery within the Insurance forums, part of the Financial Services category; Dear Sirs, Years back the Natinoalised Insurance companies announced Janatha Policies on long term- I have paid Rs.400/- or so, ...
Dear Sirs,
Years back the Natinoalised Insurance companies announced Janatha Policies on
long term- I have paid Rs.400/- or so, and the Policy is valid till 2010- All
along I was under the impression my life is covered for the accidental death if
any happens, and now I have conatec them (Orinetal Insurance Co Ltd) to endorse
the Change of address. I was told, that the scheme was dropped years back, and
for all the Policy holders, intimations were sent, either to opt for the yearly
payment of premium or to get proportionate refund in the premium Money given-
When a Government is promising on a contractual obligation, in India, they
Change, Drop the scheme etc in the middle. They have resoaned-out for the
dropppage of the schem, since it was not profitable, and there were fictious
claims. For this they should have deviced proper methods or even in the middle
some schmes are dropped, then atleast for the persons who had enrolledm, the
contractual obligation should have been kept valid, which is more ethical- GOD
ALONE CAN SAVE OUR COUNTRY