Have you divulged the fact that you have an eye disorder? I refused to take
an Aviva policy some time ago simply because they were charging me a
disability premium.

Regards,

George

-----Original Message-----
From: AccessIndia [mailto:[email protected]] On Behalf
Of Vedprakash
Sent: 21 May 2013 20:14
To: [email protected]
Subject: Re: [AI] Views Invited: Legal issues in an insurance contract for
people with disabilities.

But private agencies do not charge any extra amount on account of
blindness.
I have policies from icici pru, hdfc and Bajaj. none of these charge any
aditional fee.
----- Original Message -----
From: "Amar Jain" <[email protected]>
To: "accessindia" <[email protected]>
Sent: Tuesday, May 21, 2013 4:01 PM
Subject: Re: [AI] Views Invited: Legal issues in an insurance contract for
people with disabilities.


> Well, both arguments seem to sustain with each other. While it is true 
> that people with disability do not suffer accidents due to their 
> disability in most of the cases, but at the same time it is also true 
> that out of a contract of insurance, the only profit which an insurer 
> makes is the premium which anyone pays provided that the event insured 
> never takes place. In such a case, if the cause of the event is 
> accident due to disability, then the risk of the insurer certainly 
> increases.
>
> It is also true that each government is responsible to us for 
> providing infrastructure, but in practicality, it does not exist 
> today. So in such cases, though bodies like LIC can be made 
> accountable on the ground of public welfare objective, but what 
> happens in case of private insurance?
>
> It is also correct to say that regulator generally do not make 
> distinction while enforcing any regulations, and as on date I.R.D.A.
> has nothing on disability related issues in terms of regulation.
>
> I.R.D.A. is a growing regulator, but it is not wrong to say that they 
> are not as receptive as the regulators like RBI and SEBI are. History 
> proves that.
>
> I have two key suggestions here:
>
> 1. That whenever any disability related insurance is provided, then 
> fixed additional charge if any, should be deducted at the time of 
> processing claim, if the surveyor's report shows that the accident 
> took place because of the disability as a main cause. And no 
> additional premium should be put on the insured.
>
> This should only apply to accidents that too while walking on road, 
> and in no other case. (I cannot think of any other circumstance which 
> could lead to accident due to disability of any kind)
>
> 2. While assessing any claim, the disability expert should be 
> accompanied with the surveyor so to see that there is no undue 
> advantage being taken by the insurance company while processing the 
> claim as regards the disability of the insured.
>
> I am open to suggestions.
>
> Regards,
> --
> Amar Jain.
> Website: www.amarjain.com
>
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>
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