Insurance policy is April to March. Death on 1 August. Can insurance premium be for full year or proportionate. Please guide sos basis
Jayanta Bandyopadhyay 01 November 2021
Insurance policy is April to March. Death on 1 August. Can insurance premium be for full year or proportionate. Please guide sos basis
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 01 November 2021
premium full for whole year in advance
G.L.N. Prasad (Retired employee.) 02 November 2021
You might have paid in advance and seek the laid down norm and clarification from the insurance company.
P. Venu (Advocate) 02 November 2021
You have not posted the complete facts.
Dr J C Vashista (Advocate) 03 November 2021
Just a "Time Pass" question paper.
Jayanta Bandyopadhyay 03 November 2021
This is employer sponsored mediclaim policy ..for April to March. Without prior intimation, straightaway annual premium is deducted from Oct salary. When I had already notified death of mother due to covid on 1 August. HR dept tells nothing doing. No refund. Please guide whether proportionate refund for Aug to March , unexpired period is allowed by IRDAI, OMBUDSMAN
Regards
Jayanta
G.L.N. Prasad (Retired employee.) 03 November 2021
First, let your employer make a representation for a refund from such a company. Depending on the reply, you can proceed further through IRDAI online grievance or Ombudsman or District forum, or all the forums.
Immediately file an online grievance in the portal in to IRDAI. If HR has stated in writing, escalate it to higher authority and request for sending such representation to the insurance company officially.