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 charges. The exception is when emergency hospitalization occurs if there…
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 policy on time without allowing it to lapse.
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 of it but people prefer to keep it. Cashless facility…
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 must be in a network hospital listed with the TPA…
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 assistance and give them your name, address, date of birth,…
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 bills and gathering original bills, documents and reports and finally,…
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 to be paid or a deposit is made in advance…
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 groups/individuals to avail cashless treatment or reimbursed medical expenses. It…
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 that they take up a career that will provide them…
