POSTED BY April 28, 2014 1:44 pm ONE COMMENT
ONIn the year of 2010, continuity of my mediclaim policy could not be stand just because of bouncing of cheque for insufficient funds reasons. Before 2010, I was paying premium regularly and still paying on yearly without any delay except 2010. Due to unawareness of provision for condon of lapse, now I applied for condon the lapse of a day held in the year of 2010. But Oriental Insurance Company Limited has refused to condon the said lapse. I have already incurred the expenses of Rs. 1.5 lac. Kindly suggest, if there is any provision so that I could reimburse the amount?
2021 © Jagoinvestor.com All Right Reserved
Dear Anushka, please carry on now with the policy. After 2010, it’s already around 4Y and you are now eligible for benefits of PEDS etc. even after considering the break in 2010.
Thanks
Ashal