Need A Financial Product Forums Insurance Can a lapsed mediclaim policy be renewed for elder parents

This topic contains 1 reply, has 2 voices, and was last updated by  Gaurav Pal 2 years ago.

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
  • #48066

    Gaurav Pal

    My parents are in their early 60s and had a mediclaim policy from New India Assurance for last 7 years with Rs. 5 lakhs cover. This time I forgot to get it renewed and even I didn’t receive any reminder from insurance company. It has been month since the policy has lapsed. Now, I am getting new policy for a maximum cover of Rs. 1.5 lakhs only. What should I do?


    Vijay Thakur

    Take a new policy with Rs. 1.5 lakhs cover. Meanwhile enquire with NIAC if the old policy can be revived after paying some penalty (chances for which are bleak).

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.