Dear friends,
This is in continuation to my previous post on the subject. There was a report in one of the prominent papers of Lucknow today. It was about how the insurance companies are defrauding their customers. One gentleman of Lucknow, Dr.Ram Kapoor bought an insurance plan from Aviva Life Insurance through ABN Amro Bank. The report says that the company issued him revised insurance plans without taking his express consent. In these new plans they allegedly changed vital clauses such as those relating to partial withdrawal of money after the mandatory lock-in period was over and the liability of the policy holder in case on non-payment of further installments after the mandatory intallments had been paid. The poor gentleman has now gone and complained to the IRDA.
In my earlier post, I had pointed out similar unethical practices being resorted to by supposedly reputed companies like 'Airtel' and 'Hot and Juicy'. This only goes to illustrate that the private sector in our country is extremely corrupt and prone to defrauding the unsuspecting customer. Unfortunately, the private sector and 'Privatization' have been hardsold to the citizens of this country as the panacea to all the ills relating to governance and delivery of goods and services to the citizens. The reality is that the private sector is maintaining a beautiful drawing room. However, walk into their bed room and you find that it is a seedy place with an attached bathroom full of filth. The driving force of the private sector is 'Profit' and they will try to extract their pound of flesh from the customer at all costs and by all means-fair and foul. It is the government sector that is fair and not prone to profiteering like the private sector. If you don't beleive me try giving critical areas like roads, power, ports, health, education, taxation, policing etc. to these guys. They will come to your home, bodily lift your belongings and run away with them!!!
