Govt to infuse Rs 3,000 crore capital in PSU general insurers this quarter
The proposal to provide capital support to three public sector general insurance companies - Oriental Insurance Company Limited (OlCL), National Insurance Company Limited (NICL) and United India Insurance Company Limited (UIICL) - has already been approved by the Union Cabinet last year
BusinessToday.In | February 14, 2021 | Updated 17:08 IST
Govt to infuse fund in Oriental Insurance, National Insurance and United India Insurance
In a bid to improve financial health of state-owned general insurance companies, the Finance Ministry will infuse Rs 3,000 crore capital into them during the current quarter. The proposal to provide capital support to three public sector general insurance companies - Oriental Insurance Company Limited (OlCL), National Insurance Company Limited (NICL) and United India Insurance Company Limited (UIICL) - has already been approved by the Union Cabinet last year.
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Dealing with rejection
Q. My father is 61 years old. He suffered a minor brain stroke in 1999 because of which he was paralysed on the left side. However, he recovered within 6 months and has been doing perfectly fine for last 20 years. He does not have any pre-existing conditions.
I tried several health insurance companies for availing of health insurance for him but all of them rejected the same on account of the history of brain stroke.
Please suggest a policy which is affordable and covers such pre-existing diseases.
ANKIT SAXENA
A. Technically, an insurance company can issue a health policy for your father specifying that hospitalisation due to stroke and related reason is an exclusion. Having said that, the underwriting decision, whether to issue a policy to a particular proposer or not, is entirely in the hands of the insurance company in spite of the background you list.
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