[AI] LIC

Vedprakash Sharma vedprakash.sharma at gmail.com
Sun Feb 24 08:18:22 EST 2008


Thanks for the nice piece of info. but as far as I know, the visually 
impaired have to pay a bit more on account of high risk targets.
----- Original Message ----- 
From: "Ketan Kothari" <muktaketan at gmail.com>
To: <accessindia at accessindia.org.in>
Sent: Saturday, February 23, 2008 12:01 AM
Subject: [AI] LIC


> Dear friends,
>
> A few months ago there was a meeting convened in Mumbai wherein it was 
> mentioned that some of the LIC policies are not allowed for blind friends. 
> On behalf of NAB Mr. K. Ramkrishna, Mr. Pravin Dandia, Mr. Suhas Karnik 
> and I met Mr Agarwal, the Executive Director, Actural Department, LIC and 
> presented him with our concerns.  Following is the correspondence which is 
> selfexplanatory.  I am extremely sorry for not posting it earlier.
>
>
>
>
>
>
>
> May 18, 2007
>
>
>
>
>
> Mr. G.N. Agarwal,
>
> Executive Director(Actuarial)
>
> Life Insurance Corporation of India
>
> Yogekshema, Jeevan Bima Marg,
>
> Nariman Point
>
> MUMBAI 400 021.
>
>
>
> Sub: Our meeting dated 13/03/2007
>
>
>
> Dear Shri. Agarwal,
>
>
>
> It was indeed nice meeting you on the 13th of March'07, we were quite 
> touched by your special interest and kind consideration towards the blind.
>
>
>
> In the said meeting we had discussed  a few issues regarding the policies 
> of L.I.C. towards its blind clients.  Enclosed please find copy of the 
> note which we had presented to you on that day.  May I  request you to 
> kindly look into the matters raised therein and reply us suitably to allay 
> our apprehensions in this regard.
>
>
>
> Looking forward to your communication,
>
>
>
>
>
> Yours in the cause of the blind,
>
>
>
>
>
>
>
> KETAN KOTHARI
>
> Asstt. Director
>
>
>
>
>
>
>
>
>
>
>
>
>
> March 13, 2007
>
>
>
> Mr. G.N. Agarwal,
>
> Executive Director(Acturial)
>
> Life Insurance Corporation of India
>
> MUMBAI.
>
>
>
> Sir,
>
>
>
> At the outset let me thank you on behalf of the National Association for 
> the Blind-India, for promptly granting us an appointment to discuss 
> certain issues pertaining to the blind community.
>
>
>
> We would like to draw your kind attention to the following points
>
>
>
>  1.. In endowment and other schemes of LIC, blind people are charged extra 
> premium. We concede the fact that the amount of premium is determined by 
> the perceived risk.  However, it is our humble opinion that there is no 
> statistical data to support this "high risk "  perception.
> 2.     Some of the Policies like "Jeevan Anand" "Jeevan Mitra" Jeevan 
> Chhaya" etc. offer double and triple accident benefits/life cover which is 
> not allowed to the blind.
>
>  3.. Some of your excellent policies like the "Janashri" for un organized 
> labour are also not available to the blind, although the majority of our 
> blind community is engaged in un organized sector.
>
>
> We would request LIC, to kindly take a more equitable view of the 
> requirement of this community and allow us the maximum benefits that may 
> accrue from Insurance.
>
>
>
> Looking forward to your kind co-operation
>
>
>
> Yours in the cause of the blind,
>
>
>
>
>
> PRAVIN  C. DANDIA
> Hon. Secretary
>
>
>
>
>
>
> (Mono LIC)                             Life Insurance Corporation of India
>
> ________________________________________________________________________
>
> Actuarial Department, Central Office, "YOGAKSHEMA", Jeevan Bima Marg, 
> Mumbai 400 021.
>
> Tel: 022-66598370/22852174, Fax: 022-22028321
>
> Ref. Actuarial/PS 
> 14th July, 2007
>
> Shri Ketan Kothari
>
> Asstt. Director
>
> National Association for the Blind
>
> Mulla House
>
> 51, Mahatma Gandhi Road
>
> MUMBAI 400 023.
>
> Dear Sir,
>
> Re : Insurance cover to blind persons
>
> We thank you for your letter dated 18th May 2007 enclosing a copy of your 
> earlier letter dated 13th March, 2007.
>
> Regarding the points raised in your enclosed letter we have to inform you 
> as under:
>
> 1.                  It is not correct that we do not allow some of our 
> plans such as Jeevan Anand, Jeevan Mitra, Jeevan Chhaya etc. to the blind 
> persons.
> We do not have any restriction with regard to plan and term for the 
> insurance cover.  The only requirement is that the person to be insured 
> should be gainfully
> employed which is one of our basic requirement for all whether they are 
> disabled or not disabled.
>
> 2.                  It is also incorrect that Janashree Bima Yojana is not 
> available to the blind persons.  It is a social security group insurance 
> scheme
> and provides insurance protection to persons below poverty line and 
> marginally above poverty line provided they are members of the approved 
> occupational/vocational
> groups.
>
> 3.                  It is also not correct that we charge extra premium 
> while offering insurance cover to the blind persons.
>
> We hope the above clarification will serve the purpose.  If you have any 
> further points, please write to us.
>
> Thanking you again,
>
> Yours faithfully,
>
> -/sd
>
> EXECUTIVE DIRECTOR (ACTL)
>
>
>
> Ketan Kothari
> Phone: [r] 24223281,
> Cell: 9987550614
> MSN ID: muktaketan at hotmail.com
> Skype ID: Ketan3333
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