Yes, there was a LIC document legitimising extra premium. However, when i took the policy, i did not have to pay the extra amount.
You can look it up on xrcvc.org for that document. rgds On 3/25/14, Giri Prasad <[email protected]> wrote: > 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 <[email protected]> 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" <[email protected]> >> To: "accessindia" <[email protected]> >> 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 <[email protected]> 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 >>>> [email protected] >>>> >>>> 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/[email protected]/ >>> >>> To unsubscribe send a message to >>> [email protected] >>> 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/[email protected]/ >> >> To unsubscribe send a message to >> [email protected] >> 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/[email protected]/ > > To unsubscribe send a message to > [email protected] > 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.. > -- --- --- --- "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/[email protected]/ To unsubscribe send a message to [email protected] 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..
