• Insurance – the institutionalised scam
    An institutionalised scam

    How to make a man pay for something so that he feels he is getting it for free .

    I always think insurance is a scam. And what a simple idea it is – ingenious really. In the event of a disaster, you are covered and the damage will be repaired instantly . Or so you think .

    To begin with, insurance companies play on the fear of being caught with your pants down. Quite simply, if there is an emergency such as an illness, injury or disaster, you want someone to reassure you that the damage will be taken care of. Seamlessly, effortlessly.

    But reality is always far from the truth.

    Firstly, nothing is paid instantly.

    1. In August 2025 , I was scammed on the phone and lost Rs 98202. The police have discovered the thief but have NOT returned my money which they claim is lying in their cupboard at Gamdevi Police Station and which they will only return after I make a legal complaint at the small causes court through THEIR official lawyer.
    2. Having personally experienced a legal case drag on for several years and having spent more money than what was involved, I preferred to take the money via my Bank which has received the amount from the Insurance company in MY savings account. But despite several letters to the bank, it is NOT releasing the lien on the amount. So technically the Insurance company has NOT a honoured it’s commitment to insure me against digital fraud.
    3. Neither the Bank nor the Insurance company is willing to look into the matter ( as legal language for shut up and get lost you pesky customer ) because the matter is decided by the RESERVE BANK OF INDIA.
    4. Now we all know that the Government of India has far more pressing problems than to look into a small measly amount of a cranky old woman.
    5. The latest Insurance incident pertains Health Insurance and my recent cataract surgery .
    6. Obviously the cashless surgery option didn’t work for me since I preferred to go to a surgeon I knew rather than go to an empanelled hospital.
    7. Since I am covered under two separate policies, I decided to use both. The first one took more than the specified 15 days after surgery to process. After processing papers for BOTH eyes, I am still waiting for the ORIGINAL papers in order to process the second policy.
    8. Obviously, the insurance company couldn’t be bothered to speed up the process by which I could get the second one processed.

    So can you see how this scam works ?

    First you put the fear of God into the populace that it is only the Insurance Company Alone that looks after them in the event of a catastrophe.

    So depending on your capacity to pay you have to enter into a contract to unfailingly pay a hefty premium year after year for years on end.

    And then when you do need the insurance, the SMALL PRINT comes into play.

    Even if you fulfill all the conditions to get a pay out, the next tactic comes into play : ask for “proof” or additional information, ONE AT A TIME so that automatically the time period for claiming the insurance lapses.

    If by chance you manage to overcome this hurdle, the payout is delayed so by the time you actually receive it, it is time for the Next Disaster to Strike.

    So isn’t it far better to invest in a regular Fixed deposit plan which you can encash when you need the money ?

    Who knows?

    Perhaps the Bank itself will have another mechanism whereby they diddle you of your own money .

    Other things you didn’t know

    1. A Third Party Accident claim will not be paid out to an injured or dead housewife, because her life has NO value since her accident/ death does not affect the economic condition of the family.
    2. A divorced woman cannot add on her parents as dependents on a Health Insurance Policy .
    3. A health insurance claim can be refused if the person has failed to mention a previous health condition even if it has no bearing on the current surgery. For instance if I claim insurance for a slipped disc , the claim could be refused because of my cataract surgery.

    So once again, I feel it’s better to keep your money in a fixed deposit or mutual fund that you can encash when you need it rather than waste money in an Insurance plan which you may never ever use !

  • Dealing with BEST

    Dealing with BEST

    As always I check messages on my phone before planning my tasks for the day. The first week of the month is generally meant for routine payments : household help, club bills, grocery bills and of course utilities. Ever since I opted for paperless billing ( saving the world etc) I have to make sure that no bill remains unpaid. No longer is there a stash of bills piling up in the catch all at the entrance console. In fact, I rather miss that old fashioned pile which is now replaced by school bags, parcels that have been delivered or to be given to people who will come and pick them up.

    It’s strange but our electricity supplier is also the local public bus provider. So our Electric supply company is called Bombay Electric Supply & Transport Company typically called BEST.

    Anyways, this is my new first week of the month routine.

    What is most annoying about not getting physical bills, is the frequent reminders ‘to pay before or else’ that keep flashing repeatedly on various interfaces – the mobile phone app of various banks from where the payment is normally carried out, emails and of course the UPI interface.

    Funnily enough, while the payment reminders come without fail, the receipts don’t follow suit. So oftentimes, I land up paying twice as happened in the case of the electricity bill. Paying double is always safer than paying late for fear of being disconnected and going through the painful process of reconnecting.

    But this week, I found that I had paid the bill twice over for four consecutive months. Now I worried that I was making a payment to the wrong ID and wanted to check out for myself.

    So I found the nearest BEST office to find out what was going wrong with my billing and my payment.

    Getting there was not as easy as I thought because Google showed two different addresses. Tossing a coin, I went to the one I had visited earlier when I had to sort out a gross overcharge of Rs. 80,000/- thirty years ago!

    It was really hot at 11 in the morning and I was already feeling uncomfortable with the strong glare despite my dark glasses. The building looked unkempt and shabby with chipped stairs and rusty railings leading to dark, unmarked behind which sat the sullen clerks. There was no sign of a customer service counter, nor was there any sign of what actually went on in the building.

    Some semi-topless men loitering around what looked like the entrance to a toilet stared at me as I approached the building. They were only used to seeing tired old peons and odd job men coming to the building. One of them looked up questioningly and I asked him where the lift was.

    Typically he pointed ahead and vaguely said ‘there’. I walked into what was a kitchen smelling of cut onions and went through a staff canteen with a few men chatting over a cup of tea.

    Once again, I asked where the billing office was and where the customer care office was and was told they were on the second floor.

    As I walked towards the entrance of the lift, which was now in a proper stairway, I was told not to bother because the lift hadn’t been working for the past two weeks. Foolishly, I asked for the phone number of the officer in charge of billing and was met with a shrug and the expected reply ” I don’t know”.

    By this time my anger was rising and I went to cage number one. The man refused to look up from his computer and when I finally pushed him to look at me, he said that his job was only to receive payments and not answer any questions.

    The man in cage number two gave the same response.

    Finally a Breakthrough

    Ready to start screaming now, I held my frustration in check and went to the office I should have gone to in the first place – the Headquarters at Colaba.

    Here I was pleasantly surprised to find an attendant at the Reception who willingly showed me to the “Concerned Person” as such persons are referred to in Government parlance.

    Surprisingly, this office was clean, brightly lit, and well-ventilated, with fans that actually worked! The official himself was polite and helpful. He called for the “concerned person” who promptly “looked into the matter” and solved my ‘query’!

    Phew! Another day in the life of Mumbai’s bureaucratese.

  • When I turned 50, I thought I’d reached my ‘Golden Age’. How wrong I was. I had reached the summit and since then began the descent into old age and ineptitude.

    Once I prided myself in being a quick learner. I found schoolwork a breeze and could do most of my tasks with ease. I could adapt, innovate and eager to learn new technologies.

    But when I turned 50, with diminishing energy came a reduced capacity to adopt and keep pace with changing technologies .

    And from 60 the slide accelerated at an alarming rate.

    Currently my bugbear is online shopping .

    With increased traffic, the inconvenience of dug up roads and complete lack of parking space, online shopping seemed to be the perfect answer to the problem of an aging householder. Especially with EVERYTHING available in ONE shop and home delivered to boot .

    But

    And

    A big BUT

    One has to contend with shopping Apps that are not perfect.

    Today for instance I found that two of the items I’d asked for didn’t come .

    But it seems that those two items were not recorded on one list that was delivered but put on another list.

    And I discovered this only after I checked with the invoice ( e invoice ) that it was not on the list of delivered items but was on another list which was yet to be confirmed or placed .

    And all this is because I was NOT present when the items were delivered.

    If I have to stay home the whole day for a delivery, how does it become ‘convenient’ ?

    If the App automatically re-directs some items to another delivery how does it become convenient?

    And every other day I am bombarded with messages in WhatsApp groups to beware of scams. We are warned NOT to attend to messages which could be traps. If I make an online payment, the delivery person claims it wasn’t received and demands cash. If I give cash, no change is returned.

    So how does one shop ?

    Perhaps it is time to go back to old fashioned shopping : visit the local bazar, check what you are buying and bring back only what you can carry .

    What do you say?

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