COMMON AGE TO CALCULATE PREMIUM FOR PENSIONERS UNDER FLOATER POLICY

DEAR SRI MAHADEVAN JI                                                                                            29-11-2017

I  HAVE NOT FULLY GRASPED  THE  REPLY.  U REFERRED TO ' morbidity '    YOUNGER AGE  GROUP WILL BE  REQUIRED TO PAY  MORE    U ALSO REFERRED THAT THERE  MAY BE  ''  distortion ''   .How  ? 

MY    IDEA IS  ONLY  FOR   PENSIONERS    FROM 60 YRS  AND ABOVE . NORMALLY IN  GENERAL  THE  DIFF IN AGE  BETWEEN HUSBAND AND WIFE  MAY BE 5 TO 6 YRS .  WIFE   IS SUPPOSED TO  BE YOUNGER.

AMONG PENSIONER  IT IS POSSIBLE THAT SOME   PENSIONERS  MAY BE WIDOWERS AND  NO SURVIVING  2ND WIFE.

 

THERE IS ALSO A  SITUATION WHERE SOME WIDOWS DO NOT HAVE  HUSBANDS 

TAKING ALL THESE  FACTORS INTO ACCOUNT   CAN THERE BE RELIEF  FOR PENSIONERS IN THE AGE GROUP  OF MORE THAN 75.

I HAD BEEN  CHASING CO  TO BRING THE  PENSIONERS UNDER THE PURVIEW OF  

  

''  EXGRATIA SCHEME FOR REIMBURSEMENT OF  MEDICAL EXPENSES FOR HIGH COST TREATMENT  AND CHRONIC DISEASES  ''  

THE OVER LIMIT  IS 10 LAKHS PER HEAD .   

 

LIC  HAS TO STILL  CONSIDER  RAISING THE COMPULSORY MINIMUM COVERAGE   TO  8, 10,12,15LAKHS WITH 100 % SUBSIDY .  MEDI CAL BENEFIT  IN CASH IS DENIED .

 

OUR  SRI K SUBRAMANIAM MAY THROW SOME LIGHT.

  

IF  NEW INDIA  HAS TO  CONSIDER  ANYTHING, THERE MUST BE A REQUEST FROM  LIC, AS A POLICYHOLDER.

 

MANY REPLIES  ARE  EXPECTED TO MY  APPLICATIONS

THANKING U

Y/S

CS MURTY      .