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Wednesday, 17 October 2018

Reduction in SI under Group Family Floater Policy under Mediclaim on death of a pensioner to mitigate suffering of FP


Respected Sri Kishore ji,
I know you are not keeping good health. Still I am  troubling you for clarification on the following point on Mediclaim Policy of LIC :

A Pensioner had opted for Rs.50 Lacs Floater Sum Assured under Mediclaim Policy. He expired on 04-09-2018. Now Family Pension is getting settled. The question that I want clarification on is : Whether widow has option to reduce the Family Floater Policy Sum Assured ? of course from next policy anniversary.

If yes, then necessary C O Circular to that effect may please be sent to me. If NO, then this demand also be put to NIA while renewing policy in 2019.

Wishing you speedy recovery,
Yours Brotherly,
C T JOSHI.

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