Is term life insurance and critical illness really useful in any serious health situation or in case of a death during a pandemic situation ? No !!
Will Expose soon how Insurance Companies or Banks fool people ! specially their sales guys and Managers for selling Term Insurance policies with so called Critical Illness rider’s to customer’s , and in case of a serious health condition how they start pointing out unknown nitigrities within the policy taken when you raise a claim !
Many a times Insurance companies make unreasonable demands of various financial documents not related to the critical illness claim say for example a heart attack or clinically known as a Myocardial Infraction, if god forbid someone suffers a Heart Attack in the first year of the Policy insurance company makes demands of Bank statements and old Medical Records !!
No doubt that Insurance companies reserve the right to investigate every claim and check for any Frauds but how does a customer bring old record’s ? Same is not demanded by the Insurance companies while selling a Term Policy , in fact Medicals are done by Insurance companies before selling such term Insurance,in case of a early claim (as they call it) they don’t trust their own medical tests done also ?
Does every one preserve old Medical records if they didn’t have any ailments before ? No ! Do Insurance companies while selling Term Polices inform Customer’s that god forbid anything happens to a customer in the first 2 year’s they are going to be scrutinized inside out ? No ! The Policy will state the coverage starts immediately but does it actually happen ? No
A lot of unknown facts emerge when a customer actually faces such issues, A process of investigation exists in all term insurance but do you know that there is no time limit to such investigations ? No …
Well actually a time limit exists but the insurance company when faces a claim, unfortunately the first thing what they decide to do is to find ways and means to deny even a genuine claim by some how finding a flaw to term it a fraudulent claim !!! Yes that’s a truth !!
The whole purpose of taking a term insurance is defeated for a person surviving a critical illness or for the families who lost their loved one who had taken a term insurance with a critical illness Rider, when the insuring company is out to find ways and means to deliberately delay or deny a claim !!
No not raising any aspersions on Term Insurance companies who sell plans with critical illness but putting a straight forward allegation of cheating customer’s !!!
All the above Allegations will be proved soon with videos of evidence,which is of a leading bank or their subsidiary in India which sells term Insurance policy from within its banks,with inbuilt critical illness claims.
With the videos from within the bank where discussion is on for the policy ,it will be clearly understood that how assurances and things are spoken while selling a policy and how tunes change in case of a claim.
The soon to be published investigation report will be a eye opener for all Customer’s who have bought Term Insurance Policies or are thinking of buying one for securing future of their own or their families as Corona Pandemic has raised the number of people buying Health and Term Insurance Policies due to uncertain life complications.
This investigation will also prove that how an eye wash is done of customers and what happens practically when the customer actually faces a uncertainty in his life of a Critical Illness or what a person’s Family faces from such Insurance Company after the death of their bread earner…Keep eyes open as you guys will be aghast with the findings and Videos soon to be published.