HEALTH INSURANCE - THE UNHEALTHY PREAMBLE

Please do not confuse the word Preamble in insurance to the Preamble of our Constitution. Both are different.

- Dr. K Raja Gopal Reddy

The insurance companies use the word preamble in their Policy Wording. These days and in order to save on paper, the insurers request us to download Policy Wording from their website. However, it is another matter that they do not mention exactly from where in the website this policy wording to be downloaded leaving the policyholder clueless!

In this article, we shall examine the Preamble or an Introduction or Foreword or Preface of seven insurance companies. Why seven insurance companies? Number & the insurers both were a random pick. The companies thus chosen are: 1) Aditya Birla Health Insurance Company 2) Edelweiss General Insurance Company 3) ICICI Lombard General Insurance Company 4) IFFCO TOKIO General Insurance Company 5) Liberty General Insurance Company 6) Life Insurance Corporation of India 7) Star Health and Allied Insurance Company.

Aditya Birla Health Insurance Co. Limited

"This Policy has been issued on the basis of the Disclosure to information Norm, including the information provided by You in respect of the Insured Persons in the Proposal Form, any application for insurance cover in respect of any Insured Person and any other information or details..."

Edelweiss Health Insurance

This is a contract of insurance between the Company and the Policyholder which is subject to the realization of the full premium in advance and the terms, conditions and exclusions to this Policy. This Policy has been issued on the basis of the Disclosure to Information Norm, including the information provided by Policyholder in respect of the Insured Persons in the Proposal and the Policy Schedule.

ICICI Lombard General Insurance Company Limited