RegulatoryEconomic Times
Senior citizen's Rs 10 lakh health insurance policy cancelled despite disclosing pre-existing disease; here's why he…
Positive+29
GreyOak summary
The Telangana State Consumer Disputes Redressal Commission ruled in favor of a 70-year-old doctor against Care Health Insurance. The insurer had cancelled a ₹10 lakh health policy citing non-disclosure of a pre-existing condition. The commission found the insurer's claim unsustainable as the diagnosis occurred after the policy started, ordering the insurer to renew the policy and pay compensation.
What it affects
- Financial ServicesPositive +29
Commission ruled insurer must renew policy and payRolling sentiment Positive +28
