This is a discussion on Pancard clubs Irregularity and fruad within the Investment forums, part of the Financial Services category; I have invetsed Rs.35,000 in pan card club which suppose to give me Rs.100,000 at the end of 9 years ...
Pancard clubs Irregularity and fruad I have invetsed Rs.35,000 in pan card club which suppose to give me Rs.100,000 at the end of 9 years with mediclaim benefit of Rs.35,000 every year with insurance cover from The New India Assurance Co Ltd.
After 1 year when I submitted my claim for mediclaim, pan card club agent filled form of HDFC ergo from me by telling me that they have taken new policy now onward from hdfc and later on hdfc ergo refuses my claim by stating that hospital is not included in some annexure A of their policy so they will not settle my claim.
So Pan card club neither inform us about new policies nor giving my full deposit money now as I have to pay my debt which I have taken for my hospital expenses.
Junior Member
You should have been pro-active in reading the terms and conditions documents before investing in any policies. You can't blame the company for not supporting your claim. It doesn't mean that if you are sick you will be repaid in any medi-claim policies, every policy has their list of hospitals which they entertain. So better check it on a regular basis, also any change of the insurance company is intimated by the company to their members.
What is my police no My neme is satish baburao kavitkar at- savantwadi , what is my police no
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