Confution about the policy of LIC and GIC of India.

[Guest guest]

To,

All Forum members and Guest members,

I want to hightlight some of the major confutions on the issuing of

LIC policies by Life Insurance Corporation of India and Mediclaim

policies of four subsidiries of Genaral Insurance Corpotation of

India.

If any citizen of India wants to take any life policy from LICI, the

person has to fil-up one main proposal form ( proposal form no.300 )

In that proposal form, the column 11(j) asks to proposar, " Have you

ever received or at present availing/undergoing medical advice,

treatment, test in conection with Hepatitis B or AIDS related

condition? "

The entire question is very unclear and hezy. Apparently it seems

that if a HIV infected person does not face any AIDS related

condition, the person can take the policy.

In vew of the above mentioned fact if any HIV infected person

takes the policy from LICI and during the course of the policy if the

person die of AIDS, weather LICI wil settle the claim to the nominie

of the deciesed person or not.

Moreover to get a policy from LICI upto the Sum Assured of

Rs.24,99,999/-, HIV test ( for HIV ) is not requried. So any

HIV infected person wil not undergo the test and get the policy upto

the limit of the above mentioned Sum Assuried. Now again the question

arises, weather LICI wil settle the claim or not upto the above

mentioned limit.

In the Mediclam proposal form of the four subsideries of GICI, there

are questions regarding sevaral desieses but none of them of about

HIV/AIDS. So one HIV infected person can easily get the policy. Later

on GICI can not deny the policy holder if the person be hospitalised

for some AIDS related treatment.

In the conclution I must say that there should be a clear idea and

policy from the respective authorities about this important issue. I

also hope that the Forum members wil make their coments as I feel

this is mostly required.

Regards.

Joydev Chatterjee.

Emil: joy_chatterjee1965@...

______________________________

[Life Insurence Corporation of India (LIC) is a leading public sector company in

India. On January 19, 1956, the management of life insurance business of 245

Indian and foreign insurers and provident societies then operating in India was

taken over by the Central Government. Life Insurance Corporation was formed in

September 1956 by LIC Act 1956 of Parliament. The address of the LIC follows.

Moderator]

Life Insurence Corporation of India,

Yogakshema, Jeevan Bima Marg, Mumbai -- 400021

Ph. : 2022151, 2021383 Fax : 2020274, 2028943

E-mail : liccm@...

Website : www.licindia.com

__________________________