Reliance has great plans – and now we hear Reliance Health Insurance may come.
It is great to see activity in Insurance industry and now we hear that Swiss Re may be the partner in stand alone Health Insurance Company to be set up by Reliance.
We also have been hearing that Reliance Life will also have Swiss Re as the partner.
Reliance General will have Royal Sundaram merging into it- Sun Alliance will become active partner with 26% in Reliance General Insurance Company Ltd
What these developments will mean for customers. ?
Stabilization of premiums for various policies or products at higher level .
You may like to see my other blog regarding increase of health insurance premiums by Reliance General effective April 7 ,2010 by as mush as 231% in some cases
Friday, April 9, 2010
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2 comments:
IRDA has framed rules & issued circular that Insurance Company can only increase reasonable premium rates & before increasing the rates the information should be sent to all insured person at least before three months so that the insured person can plan about the renewal of the policy. In some cases the increase in more then 5 Times. this is not reasonable. You, the owner of the site, as being an expert should make complaint of this unreasonable increase to IRDA
Anil agrawal
Reliance has given 3 months period to existing policy holders and the rates will be increased for them from July 2010 only.
We feel that in market economy all companies should have the right to fix pricing and run business succesfully. Loss making companies are not good for customers.
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