The leading cause of death in people 45 and younger is by accident and complications from injury caused by an accident. In fact, most insurers include AD&D coverage with group life insurance plans and are offering it at extremely low rates. Do you have an employee population of mostly young people? Have you considered the increased risk of accident for this group? 4A's Benefits can provide the answer to your questions. For more information or a group life insurance proposal, please contact Elyse Congdon at econgdon@aaaabenefits.com or Tom Kennedy at tkennedy@aaaabenefits.com.
Tuesday, May 5, 2009
Monday, May 4, 2009
Eight years after woman’s death, husband to receive dealth insurance claim
The Punjab State Consumer Disputes Redressal Commission has directed the Life Insurance Corporation of India to pay Rs 1 lakh as insurance claim to a man, whose wife died following a caesarian operation in 2001.
The complainant, Harbans Lal, resident of Tarn Taran, said in his complaint that his wife, Sharanjit Kaur, had taken two life insurance policies — in 1996 and 1999 — with her husband named as nominee in both.
When Sharanjit Kaur died in October, 2001, the company repudiated the insurance claim on grounds that Sharanjit Kaur had undergone caesarian earlier too, and that she died due to pregnancy-related complications.
The complainant, Harbans Lal, resident of Tarn Taran, said in his complaint that his wife, Sharanjit Kaur, had taken two life insurance policies — in 1996 and 1999 — with her husband named as nominee in both.
When Sharanjit Kaur died in October, 2001, the company repudiated the insurance claim on grounds that Sharanjit Kaur had undergone caesarian earlier too, and that she died due to pregnancy-related complications.
The company alleged that she had hidden this fact while filling the proposal form and therefore the complainant was not entitled to any claim.
After the Amritsar district forum dismissed the complaint, Lal filed an appeal in the Punjab State Headed by Justice S N Aggarwal, the commission held: “The caesarian operation was not a material fact, the suppression of which would have entitled the company to repudiate the claim. In every 100 delivery cases, nearly 40 per cent are caesarian. It cannot be equated with a serious or fatal disease. It was by chance that Sharanjit Kaur died while undergoing the second delivery.”
Failing to pay accident claim, consumer forum pulls up insurance companyThe District Consumer Disputes Redressal Forum has directed the United Insurance Company to pay Rs 26,534 as insurance claim to a car owner, whose vehicle was completely damaged in an accident.
After the Amritsar district forum dismissed the complaint, Lal filed an appeal in the Punjab State Headed by Justice S N Aggarwal, the commission held: “The caesarian operation was not a material fact, the suppression of which would have entitled the company to repudiate the claim. In every 100 delivery cases, nearly 40 per cent are caesarian. It cannot be equated with a serious or fatal disease. It was by chance that Sharanjit Kaur died while undergoing the second delivery.”
Failing to pay accident claim, consumer forum pulls up insurance companyThe District Consumer Disputes Redressal Forum has directed the United Insurance Company to pay Rs 26,534 as insurance claim to a car owner, whose vehicle was completely damaged in an accident.
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