What’s alarming here is the existence of companies like United India Assurance, which despite your entitlement to some health insurance benefits will make you poke a hole into your pocket and shell out some cash just incase you want to survive the emergency. Add to that the principal amount payment, timely premium deposits and the opportunity costs involved; while your money gets locked up in their coffers for donkey years? This came to light during the VOICE study as the surveyed customers complained of dishonouring of policy by TPAs. Cholamandalam had received similar criticisms from their customers as well.
For complete IIPM article click here
Source:- IIPM Editorial, 2006
For complete IIPM article click here
Source:- IIPM Editorial, 2006
