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COMMUNITY FORUM: CREDIBLE INDUSTRY EXPERTS ANSWER YOUR INSURANCE QUERIES

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LIC Jeevan Anand Plan 149
Posted By Vimal Krishnan R MEMBER 04 Jul, 2021

I am holding a LIC Jeevan Anand (Plan-149). The Commencement Date of this plan was 09/12/2011 and the premium paying term is 20 years (ending on 9/12/2031). It would be great if anyone can answer the following questions regarding this plan:

 

1)If I exit the LIC plan 149 this year, will I receive the Bonus, Guaranteed Addition that has been accrued? If I will not be entitled to the Bonus, will I at least receive in full, the amount that I have paid as a premium?

 

2) The 'sum assured' is Rs. 5 Lakhs. Is this the only amount that my family will receive if at all I die during the premium paying term? or are there any additional amounts?

 

3) The policy term is 76 years. So if I continue to pay the premium till my premium payment end date (that is till 09/12/2031) will I get a life insurance coverage after this date? The policy term is 76 years and the date of maturity is 9/12/2087. If yes, will the amount of life cover be the same 5 lakhs?

Kenko Health - Looks like a scam?
Posted By Harikrishnan Bhadran MEMBER 08 Mar, 2022

Have anyone heard about this company? I was attracted by their insurance model that's quite different from others. They make the joining appear premium and exclusive by propping up something called "Kenko Score". Once we pass their score test, we are being given the option to select the plans. They claim that they will reimburse 50% of the OP and medicine expenses, doctor fees etc. The catch (which they don't clearly say) is these claims are applicable only from "Kenko certified" hospitals & clinics. After I learnt about this, I tried to cancel the plan. You will be surprised to know that we cannot contact them ! Only they will be able to contact us if we clicked a button on their website and the support executive only talks about sales and once we tell them that the requirement is to cancel, they will say that my query will be "passed" on the relevant team and they will call back. This never happened and in parallel their sales team goes on spamming your number.


I escalated this even to their "Founder & CEO", but no response. There is no much info about this company in IRDA website too. Terrifying indeed.


Request Beshak team to carry out a discrete investigation. At least the outcome will save hundreds of people from this scam.

Is Name really a concern in Health Insurance Policy?
Posted By Jay MEMBER 16 Aug, 2021

This is just a basic question. Recently I took policy, where I have been asked to fill the details of Full Name as per aadhar. Conventionally we use our name as First Name and Surname as Last Name in every form/application we fill. But in my aadhar, it is given my surname followed by my name(which has 2 words). I'm not sure what I have to fill in which fields. I know this is very basic question, but I don't want to take any risk which could happen at the time of Claim? Would it really matters if we give order of our name incorrect?


Suppose my name is SURNAME RAVI SHEKAR as per aadhar


In the application, I have been asked to fill in the order First Name Middle Name Last Name as per the aadhar. Should I give as SURNAME RAVI SHEKAR or SURNAME SHEKAR RAVI? He is called as Ravi primarily, but I given his Ravi as middle name, it doesn't make sense. I'm in total confusion. One more thing, website is not allowing multiple words in fields. Could you please answer my question with the above example? Is it that much important to consider the order?