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Siddhi Agarwal (Owner)     24 May 2013

On line renewal of mediclaim policy

Through this forum I wish to inform people of the variation in renewal premiums of Mediclaim Policies of OICL.

 

You will perhaps see that there is variation of 5% + if you were to renew it manually. On line it is cheaper to this extent.

When confronted the OICL manager he could not explain the reason and said on line renewal is risky.

They don't come on record and do not reply to e mails.

Pl. therefore check the diff. in your case and save money by online renewal facility.



 4 Replies

Ranee....... (NA)     24 May 2013

If online renewal is risky why should we renew it online?

Kumar Doab (FIN)     24 May 2013

 

 

All companies offer online purchase/renewals.

 

The policies obtained thru this mode are without the agents/staff/upline of the companies and therefore they do not get commissions and incentives.

 

A part of the saving is passed on to customer rest is saving by the company.

 

Hence the agents and staff do not reply.

Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 )     24 May 2013

We can challenge then in the consumer forums

V Kumar (Asipiring L)     13 August 2013

Its risky in consumer forums for insurance , as even if u win, it can be slow to deal with the insurance companies in general (nothing specific to any firm though)...

I know about this as I work at a blog as well where we study a little about the space (though we do it in the context of motor vehicle insurance only)...

Best,

V.Kumar

Product manager,

PS: this is car insurance blog that i was at theinsurer

 


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