Remember my legal battle with L.I.C. for denial of double accident benefit on the ground of disability last year? So what has happened was that even IRDA remained mum on it, and I did not take them to Courts because I did not have someone to fight out the court battle. To my surprise, I got a call from someones personal number who said that come and deposit the double premium for Double Accident Benefit at your L.I.C. branch and you will be given the same and the policy will be amended accordingly. Now I will take this in writing and then another fight starts for this unreasonable double premium stand. In my view the only way to not cover the risk is only those risks arising out of any cause directly related to disability.. So it may have implication for someone walking with stick on road and hit by any vehicle, there it will have to be proved that the disability directly caused the accident. But in cases like that of mine, actually its like any other normal case. Why there is no insurance cover for risks arising out of disability? Even in that case, the insurance company continues to get its profit by way of premium right? A thought to ponder!
Posted on: Sat, 22 Mar 2014 14:00:12 +0000
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