Life insurance, Health insurance, Motor vehicle insurance, General insurance and whatever, have turned from service to business in our times. The agencies offering one or the other of these assurances of bailing out their policy-holders in case of normal life going off track are merrily raising their rates of premium which are there for all to experience and at the same time imposing conditions that come in handy to repudiate the claims either partially or fully, leaving the seekers of financial returns on their investments flat-footed.
The regulatory authority presiding over the working of the insurance companies has restrained one of those with past reputation from doing any further business, strangely for the reason that the company offering cashless hospitalisation facility has itself gone cashless. Not even providence can come to the aid of the policy-holders of that company. The diktat of the wise to seekers of any type of insurance is to read the conditions invariably in small print.
