Points to consider before buying or renewing Health Insurance

This write-up may be helpful for people planning to buy or renew Health Insurance.

Sometimes, insurers reject claims citing terms & conditions of the policy, which comes as a surprise to policy holders.

Hence I have provided short interpretation and impact of some of the conditions that are normally overlooked.

Room Rent Restriction – In case of any breach, besides rejecting excess rent, a percentage of other expenses will also be disallowed.

Co-payment – Policy holder has to bear a portion of every claim.

Sub-limit – Insurer’s liability is limited for certain treatments even if the actual expense is within policy amount.

Wait period for Pre-existing illness – Claims relating to pre-existing diseases will be rejected during the wait period.

Zone-wise premium – If policy is taken from a small city paying lesser premium, full claim will not be settled for hospitalisation in bigger / costlier city.

So it is advisable to fully understand the terms & conditions and opt for policies that offer more benefits with lesser restrictions.

For more details, please feel free to contact me @ 98840 39248.