POSTED BY May 13, 2014 3:36 pm COMMENTS (2)
ONHi,
I had taken a term cover in 2012 (bought online) from Aegon Religare, which was issued after a complete medical check-up/test. I was 32 then & the premium for a cover of 1Cr for 30 years came to Rs 9200 p.a.
Recently, I found through IRDA site that the claim settlement by Religare for term covers is just 68% – which puts it in the bottom 5 insurance providers – My query is that is this something to be worried about & should I discontinue this plan & buy another one?
Thanks
Vyom
2021 © Jagoinvestor.com All Right Reserved
Dear Vyom, why no insurer has 100% claim ratio?
Thanks
Ashal
Dear Vyom,
I don’t think you should be worried if you have made all the declarations correctly. Even then if you want to switch please purchase another Insurance before discontinuing current policy.
Regards,
Nikhil