Thursday, May 1, 2008

Reliance stops health gold policy

Reliance has stopped issue of Health Gold Policy.They will continue to issue standard & silver policy.




The salient features of Gold were;


1Higher sum assured


2 Critical illlness also covered




We feel that this was a good policy but one can assume that this was not a profitable product and that is why it became necessary for them to withdraw this product.




A quetion before we the consumers is '' Should it be made mandatory for Insurance co's to release an ad informing the fact that they are withdrawing a specific product?''




Your comments are invited.








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