Hello everyone! In this video, I’m sharing a real story from one of my subscribers.
He had a Care Health Insurance policy since 2016. For the policy year 2024–25, his active premium was ₹48,271. His policy was valid till October, and there were more than 60 days left before expiry when he received a renewal notice showing a reduced premium of ₹27,195.
He was happy, assuming the company had reduced premiums, and renewed the policy for 3 years.
But the shock came after renewal.
When he checked the policy document, he found the coverage had dropped from ₹1 crore to just ₹15 lakh, with a ₹75 lakh no-claim bonus added something he wasn’t clearly informed about.
He tried cancelling the policy, but the company deducted ₹10,000 from the refund, citing “terms and conditions.
#healthinsurance #policycancellation #healthinsuranceplans #claimsettlement
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