Why is It Necessary to Read Health Insurance Terms & Conditions Before Finalizing

HEALTH INSURANCE


Why is It Necessary to Read Health Insurance Terms & Conditions Before Finalizing

Medical insurance acts like an umbrella that protects you and your family against the financial burden during a medical emergency. It serves your multiple healthcare purposes. Do you know how important it is to go through the policy terms and conditions before you make the decision? After all, it is a matter of your hard-earned money and health. An informed decision is always a better decision. Acquaintance with a health policy scope helps you get timely claim settlement and stay at bay from untoward situations. Below you can more reasons why it is necessary?

Optional Benefits 

Once you go through the health policy's fine prints, you can come to know about several optional benefits like an international second opinion, air ambulance, reduction in a waiting period, etc. These benefits help you to enhance the coverage of your medical policy.

Scope of Coverage

Reading the prospectus with terms and conditions gives you an idea about the scope of health insurance coverage.  You get to know the treatments, procedures, medical conditions, and diseases admissible under the policy, and you can file for the claim settlement.

List of Network Hospitals

You will also get the list of all the network hospitals empaneled with us in the policy's annexure. This list tells you the names of the hospitals and their addresses. It helps you to navigate during a medical emergency so that you can avail of timely treatment.

Exclusions

The policy document gives you the list of exclusions to avoid the claim rejection situation. It tells you about treatments, procedures, medical conditions, and diseases that are not admissible under the policy. You cannot file the claim for exclusions. That is why you must read them properly. 

Claim Settlement Process

You get the knowledge about the claim process to avoid last-minute chaos. It has all the steps, documents, points of contact, duration, etc. for the claim process.  It makes your path easy during a medical crisis, and you can escape all the unwanted process-related issues.

>> Click here to know the claim settlement process

Conditions for Portability & Renewability  

You can also check the process of portability and renewability in the policy document.  The stipulated period and the steps you need to follow to renew your health insurance mentioned there. Also, the process, terms, and conditions are related to portability also

Capping and Discount on Premium

Checking the thorough details gives you a better understanding of the cappings like sub-limit or co-payment. You can also get to know about the various types of discounts on the premium. These are the deciding factors that you can consider while buying health policy.

Over to You!

Hence, now you must have realized the importance of reading the policy documents. It saves your time and money also escape you from any fraudulent activity. CHI brings you exclusive family medical insurance that cater your family's healthcare needs . After reading the policy terms and conditions wisely, opt for it, and feel proud of your decision. 

Disclaimer: Plan features, benefits, coverage, and underwriting of claims are subject to policy terms and conditions. Please refer to the brochure, sales prospectus, and policy documents carefully.

View Our Editorial Policy


GET FREE QUOTE

+91 verified
Please enter a valid mobile number
Please enter a valid Full Name
I have read and agree to the Terms & Conditions
Please select terms and conditions
Get updates on WhatsApp
CALCULATE PREMIUM

Articles By Category

Health Insurance Articles
Family Family
Senior Citizens Senior Citizens
Maternity Maternity
Surgery Surgery
Heart Heart
Tax & Investments Tax & Investments
Lifestyle Lifestyle
Awareness Days Awareness Days
Child Care Child Care
Money Saving Tips Money Saving Tips
Festive Days Festive Days
Covid-19 Covid-19
Travel Insurance Articles
International International
Student Student
Travel Tips Travel Tips
Visa Visa
Passport Passport
Insurance Guide
Health Health
Travel Travel

Secure Your Finances Now!

Get the best financial security with Care Health Insurance!

+91
verified

Reach for us at

Sales:

phone1800-102-4499

Services:

whatApp Icon8860402452


chat_bubble
Live Chat
;