Dear sir, What about the extra premium being collected from the persons with disability? Is there any regulation regarding this? your help would be appreciated.
On 25/03/2014, Parakh Rajesh <rajeshparak...@gmail.com> wrote: > thanks ekanath, i tried to take the denial in writing but in vain, now this > > gazet may help. > regards, > rajesh parakh > ----- Original Message ----- > From: "Ekinath Khedekar" <ekin...@gmail.com> > To: "accessindia" <accessindia@accessindia.org.in> > Sent: Monday, March 24, 2014 9:49 PM > Subject: Re: [AI] Disabled's rights in case of insurance > > >> Thanks for the replies, >> >> All the members who have been denied policy should take such denials >> in writing or in e-communication. >> >> Well on my part, i have moved the application and waiting for the >> denial. It would be fun clearing the grey area. >> >> @Rajesh, >> I was not denied any policy by LIC 2 years back neither i was charged >> extra premium. DO let me know if anyone requires guidance on this >> part. >> >> Also i am pasting insurance rural regulations issued by IRDA in which >> if you may see in explanations clause )G), regulation takes a >> reference to the 1995 equal opportunity act and include people with >> disability in the ambit. >> >> XRCVC has researched and dug up these regulations for us. >> >> --- --- --- >> >> THE GAZETTE OF INDIA >> EXTRAORDINARY >> PART III- Section 4 >> PUBLISHED BY AUTHORITY >> >> No.231] NEW DELHI, THURSDAY, OCTOBER 17, 2002/ASVINA 25, >> 1924 >> >> INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY >> NOTIFICATION >> New Delhi, the 16th October , 2002 >> >> INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY (OBLIGATIONS OF >> INSURERS TO RURAL SOCIAL SECTORS) REGULATIONS, 2002 >> >> In exercise of the powers conferred by section 32C read with section >> 32B of the Insurance Act, 1938, (4 of 1938), the Authority, in >> consultation with the Insurance Advisory Committee, hereby makes the >> following regulations to substitute the Insurance Regulatory and >> Development Authority (Obligations of Insurers to Rural Social >> Sectors) Regulations, 2000, namely: - >> >> Short title and commencement. ---- (1) These regulations may be called >> the Insurance Regulatory and Development Authority (Obligations of >> Insurers to Rural or Social Sectors) Regulations, 2002. >> >> (2) They shall come into force from the date of their publication in >> the Official Gazette. >> >> 2. Definitions. -- In these regulations, unless the context otherwise >> requires - >> (a) "Act" means the Insurance Act, 1938 (4 of 1938); >> >> (b) "Authority" means the Insurance Regulatory and Development >> Authority established under the provisions of section 3 of the >> Insurance Regulatory and Development Authority Act, 1999 (41 of 1999); >> >> (c) "Rural sector" shall mean any place as per the latest census >> which meets the following criteria-- >> (i) a population of less than five thousand; >> (ii) a density of population of less than four hundred per square >> kilometer; and >> (iii) more than twenty five per cent of the male working population is >> engaged in agricultural pursuits. >> >> Explanation :- >> >> The categories of workers falling under agricultural pursuits are as >> under: >> (i) Cultivators; >> (ii) Agricultural labourers >> (iii) Workers in livestock, forestry, fishing, hunting and >> plantations, orchards and allied activities. >> >> (d) "Social sector" includes unorganised sector, informal sector, >> economically vulnerable or backward classes and other categories of >> persons, both in rural and urban areas; >> >> (e) "Unorganised sector" includes self-employed workers such as >> agricultural labourers, bidi workers, brick kiln workers, carpenters, >> cobblers, construction workers, fishermen, hamals, handicraft >> artisans, handloom and khadi workers, lady tailors, leather and >> tannery workers, papad makers, powerloom workers, physically >> handicapped self-employed persons, primary milk producers, rickshaw >> pullers, safai karmacharis, salt growers, seri culture workers, >> sugarcane cutters, tendu leaf collectors, toddy tappers, vegetable >> vendors, washerwomen, working women in hills, or such other categories >> of persons., >> >> (f) "economically vulnerable or backward classes" means persons who >> live below the poverty line; >> >> (g) "other categories of persons" includes persons with disability as >> defined in the Persons with Disabilities (Equal Opportunities, >> Protection of Rights, and Full Participation) Act, 1995 and who may >> not be gainfully employed; and also includes guardians who need >> insurance to protect spastic persons or persons with disability; >> >> (h) "informal sector" includes small scale, self-employed workers >> typically at a low level of organisation and technology, with the >> primary objective of generating employment and income, with >> heterogeneous activities like retail trade, transport, repair and >> maintenance, construction, personal and domestic services and >> manufacturing, with the work mostly labour intensive, having often >> unwritten and informal employer-employee relationship; >> >> (i) All words and expressions used herein and not defined herein but >> defined in the Insurance Act, 1938 (4 of 1938), or in the Insurance >> Regulatory and Development Authority Act, 1999 (41 of 1999), shall >> have the meanings respectively assigned to them in those Acts. >> >> 3. Obligations.--- Every insurer, who begins to carry on insurance >> business after the commencement of the Insurance Regulatory and >> Development Authority Act, 1999 (41 of 1999), shall, for the purposes >> of sections 32B and 32C of the Act, ensure that he undertakes the >> following obligations, during the first five financial years, >> pertaining to the persons in--- >> >> (a) rural sector, >> (i) in respect of a life insurer, -- >> (I) seven per cent in the first financial year; >> (II) nine per cent in the second financial year; >> (III) Twelve per cent in the third financial year; >> (IV) Fourteen per cent in the fourth financial year; >> (V) Sixteen per cent in the fifth year; >> >> of total policies written direct in that year; >> >> (ii) in respect of a general insurer,-- >> (I) two per cent in the first financial year; >> (II) three per cent in the second financial year; >> (III) five per cent there after, >> >> of total gross premium income written direct in that year. >> >> (b) social sector, in respect of all insurers, -- >> (I) five thousand lives in the first financial year; >> (II) seven thousand five hundred lives in the second financial >> year; >> (III) ten thousand lives in the third financial year; >> (IV) fifteen thousand lives in the fourth financial year; >> (V) twenty thousand lives in the fifth year; >> >> Provided that in the first financial year, where the period of >> operation is less than twelve months, proportionate percentage or >> number of lives, as the case may be, shall be undertaken. >> >> Provided further that, in case of a general insurer, the obligations >> specified shall include insurance for crops. >> >> Provided further that the Authority may normally, once in every five >> years, prescribe or revise the obligations as specified in this >> Regulation. >> >> 4. Obligations of existing insurers.--- (1) The obligations of >> existing insurers as on the date of commencement of IRDA Act shall be >> decided by the Authority after consultation with them and the quantum >> of insurance business to be done shall not be less than what has been >> recorded by them for the accounting year ended 31st March, 2002. >> >> (2) The Authority shall review such quantum of insurance business >> periodically and give directions to the insurers for achieving the >> specified targets. >> >> >> >> >> N. RANGACHARY >> Chairman >> >> >> >> >> >> >> On 3/22/14, Ekinath Khedekar <ekin...@gmail.com> wrote: >>> Dear Legal experts, >>> >>> I have got a sanction for a home loan, which can be covered through >>> various insurance providers amongst which includes Indiafirst. >>> >>> If you take such insurance cover, your heirs do not have to pay the >>> home loan liability in case of your death. >>> >>> But in my case though the Indiafirst executive is cooperative, he is >>> not sure of my application going through. >>> >>> Thus, any circular by I R D A or other financial regulators may be >>> handy where disabled have been insisted to be covered. >>> >>> SO please share any such regulations or any other guidance in same >>> regard is appreciated. >>> You can mail me any document on >>> ekin...@gmail.com >>> >>> or directly contact me >>> >>> Thanks >>> >>> >>> >>> >>> >>> -- >>> --- --- --- >>> >>> "The waves breaking on the surface draw all the attention, >>> But it is the current beneath the water that determines your >>> direction..." >>> >> >> >> -- >> --- --- --- >> >> "The waves breaking on the surface draw all the attention, >> But it is the current beneath the water that determines your >> direction..." >> >> >> >> Register at the dedicated AccessIndia list for discussing accessibility of >> >> mobile phones / Tabs on: >> http://mail.accessindia.org.in/mailman/listinfo/mobile.accessindia_accessindia.org.in >> >> >> Search for old postings at: >> http://www.mail-archive.com/accessindia@accessindia.org.in/ >> >> To unsubscribe send a message to >> accessindia-requ...@accessindia.org.in >> with the subject unsubscribe. >> >> To change your subscription to digest mode or make any other changes, >> please visit the list home page at >> http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in >> >> >> Disclaimer: >> 1. Contents of the mails, factual, or otherwise, reflect the thinking of >> the person sending the mail and AI in no way relates itself to its >> veracity; >> >> 2. AI cannot be held liable for any commission/omission based on the mails >> >> sent through this mailing list.. > > > > > Register at the dedicated AccessIndia list for discussing accessibility of > mobile phones / Tabs on: > http://mail.accessindia.org.in/mailman/listinfo/mobile.accessindia_accessindia.org.in > > > Search for old postings at: > http://www.mail-archive.com/accessindia@accessindia.org.in/ > > To unsubscribe send a message to > accessindia-requ...@accessindia.org.in > with the subject unsubscribe. > > To change your subscription to digest mode or make any other changes, please > visit the list home page at > http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in > > > Disclaimer: > 1. Contents of the mails, factual, or otherwise, reflect the thinking of the > person sending the mail and AI in no way relates itself to its veracity; > > 2. AI cannot be held liable for any commission/omission based on the mails > sent through this mailing list.. > -- WITH REGARDS GIRIPRASAD MOBILE 924710000 / 9441133367 SKYPE giriprasad.maddina "Our greatest glory consists not in never falling, but in rising every time we fall." Register at the dedicated AccessIndia list for discussing accessibility of mobile phones / Tabs on: http://mail.accessindia.org.in/mailman/listinfo/mobile.accessindia_accessindia.org.in Search for old postings at: http://www.mail-archive.com/accessindia@accessindia.org.in/ To unsubscribe send a message to accessindia-requ...@accessindia.org.in with the subject unsubscribe. To change your subscription to digest mode or make any other changes, please visit the list home page at http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in Disclaimer: 1. Contents of the mails, factual, or otherwise, reflect the thinking of the person sending the mail and AI in no way relates itself to its veracity; 2. AI cannot be held liable for any commission/omission based on the mails sent through this mailing list..
