Is there any Waiting Period for claims under a policy?
For new policies, there is a 30-day waiting period from the date of policy inception. During this period, the insurance company will not reimburse hospital […]
medical insurance policy
What is cumulative bonus? What is the maximum claimable?
A cumulative bonus is the enhancement of sum assured by a percentage for every claim free year. To avail cumulative bonus, you must renew the […]
Do all health insurance policies include cashless treatment?
Yes, almost all health insurance policies include cashless treatment. With some public sector general insurance companies you can get discounted premium if you opt out […]
What is the procedure for making a claim?
You can register a claim under a health insurance policy as a cashless claim or a reimbursement claim. If it is a cashless claim, treatment […]
Suppose I have a health emergency and cannot remember my health card number or policy number. What happens?
In the event that you are in a medical emergency and do not have your health card or policy number, contact your TPA helpline for […]
What is the procedure for claim for emergency hospitalization?
The procedure for claiming for emergency hospitalization involves the following steps: admission into hospital, informing TPA as quickly as possible, on discharge day paying hospital […]
What is 64VB?
Section 64 VB of the Insurance Act, 1938 states that no insurer shall assume any risk until the premium is received in advance or guaranteed […]
What is health insurance? Is it the same as Mediclaim?
Although both Health insurance and Mediclaim protect against medical expenses, health insurance is more comprehensive and offers greater flexibility. Health insurance can be taken by […]
Why every woman should have a health insurance policy
A woman holds an important role in her home. In India, the government and society give importance to education for every girl child to ensure […]