Let not the small print surprise you
The Hindu
Claims payment is a sticky point for any policyholder, but is the insurer to blame?
It’s cliché that insurance companies ‘find’ a way not to pay your claim. However, when the ‘way’ had already been spelt out in your policy, it was up to you to be aware. ‘The large print giveth and the small print taketh away’ is exactly how my friend felt about the hospitalisation policy for her mother. The policy was taken when her mother was well over 70 and the insurance company would offer only ₹2 lakh as sum assured to start with. As is usual, plans of enhancing the sum assured at subsequent renewals were forgotten.More Related News