Once you have bought your policy, there are two things which become pertinent to know - the if and but of claims and the when and how of the Policy Renewal. This article focuses on the latter part and highlights a very interesting case that happened with Mr Sharma -
He bought a health insurance policy in April 2008 through an agent of a very well reputed insurance company. While everything was going smooth, including the reimbursement of claims, the problem started in April 2009 when it was time for his policy renewal. But Mr Sharma believed that the company/agent would give him a reminder when it was time for renewal, however, this did not happen. He got no reminder, from the company/ agent too, and the agent told him that he was too busy to call or send the notice.
His ignorance about basic things before renewal of his policy, (including the date), deprived him of the 'continuation benefit' associated with renewal, led him toRead More »from Things to know before Renewal of policy