Car Insurance: Tata AIG Denies Car OD Cover Renewal
Moneylife subscriber wrote to us: “I would need your guidance with renewal of my car insurance with Tata AIG. They are refusing to renew my comprehensive car policy stating that my model Volkswagen Polo has a lot of claims in the southern region! They can only offer a third-party (TP) coverage and not comprehensive coverage. I have been with Tata AIG from 2014 onwards and have made only...
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  • Health Insurance: IRDAI Has No Information about When NIA Mediclaim 2012 Discontinuation Was Approved
    Recently, New India Assurance (NIA) had hiked the premium by almost 100% for senior citizens by discontinuation of its product “Mediclaim 2012 Policy” and making compulsory migration to new product “New India Mediclaim Policy”.
     
    According to a response to a query under the Right to Information (RTI) Act, dated 2 March 2018, by the Insurance Regulatory and Development Authority of...
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  • Health Insurance: IRDAI on RTI Query: No Limit for Premium Hike for Health Insurance
    We recently queried IRDAI on the permissible health insurance premium hike allowed by IRDAI’s regulations for senior citizens at the time of renewal. In response, IRDAI has stated that there is no such limit prescribed in IRDAI (Health Insurance) Regulations 2016. It means there is no protection offered by IRDAI to senior citizens on premium hike. They can be taken for a ride by insurance...
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