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?
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.
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 (formerly RHI) brings you exclusive medical insurance, i.e., Care Advantage with one crore health insurance cover. After reading the policy terms and conditions wisely, opt for it, and feel proud of your decision.