[Resolved]  Pan Card Club — Misguidance regarding Mediclaim and deposit benefits

Address:

Kolhapur, Maharashtra

I have invested Rs.200000 ,in Pan card club in Oct 2010. In that 3 policies of Rs 50500 for 6 years 3monts with mediclaim of Rs 50500. and 6 policies of 10500 for 3 years 3 months with no mediclaim.The mediclaim insurance cover from The New India Assurance co. Ltd. but the list of diseases and the claim amount is of HDFC ergo.

After 2 years when i asked my agent about the mediclaim and the guaranteed returns after maturity.He is telling that mediclaim is applicable for all the hospitals and the guaranteed returns for policy of 6.3 years are 16% and for 3.3 years are 12%.These things telling he verbally not showing supporting documents or giving any valid proof.

So PAN CARD CLUB neither inform us about the policy details , the mediclaim details (list of hospitals or list of diseases)and the benefits after maturity or surrender of policy .