Health Insurance: New India Forcing Migration Is Illegal
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 a new product “New India Mediclaim Policy”. An elderly couple’s premium increased from Rs32,000 last year to a whopping Rs63,000 on renewal. The forced migration needs a fresh proposal to be submitted even when...
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