POSTED BY March 24, 2015 9:13 pm COMMENTS (2)
ONHi
I am planning to buy Oriental Family Floater policy but Have the following questions:
– How long I can renew this same policy – Lifelong or 65 years?
– As in the documents present on Oriental website it clearly mentioned that continues renewal up to 65 years of age.
– will there be any loading on claim ?
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From the Medimanage website page on the policy:
A loading shall be levied on the renewal premium @ 5% for each claim occurred to a maximum of 20% in case of any claims admitted under the policy and where No Claim Discounts has not been accrued or earned.
When I took this policy, I was told that the renewal is for lifetime. Now it looks like the rules have changed! Should I go for another policy?
as it is mentioned in the documents, you can only renew till 65 years.
what do u mean by loading on claim ?