We have been of the view that Individuals /families are neglected wherelse group health insurance policies are issued with better terms and lower rates.
The Economic Times od Dec 17,2008 has carried a news item according to which ratio of claims and servicing expenses to total premium figure of Group policies is 160%(Ref Mr Sandeep Bakhshi ,CEO, ICICI Lombard).
This news item also informs that where claims have been high the policies are being cancelled.
We are pleased to know that Insurance industry has started facing the truth and has started taking steps in the right direction.
Wednesday, December 17, 2008
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