MEDICAL INSURANCE

Usually, we take health insurance with or without an advisor.

Here we are going to take look at major points.

    1. Normally we do not declare disease at the time of first policy purchase which is called a pre-existing disease. It takes usually 24 months to 48 months to cover (as per policy wording)

If we declare  PED, there is a distinct possibility that we get the following option:-

• Outright policy reject.
• Policy insurance with or without loading.
• A policy with a specific time period waiting

But if we do not declare it at the time of inception, at the time of need your claim can be rejected by the company.

    2. Consumable is another item which is costing more than treatment (check).

    3. Another major point in health insurance is organ donors & critical illness. Major surgery & critical illness are covered by the insurance companies.

    4. Dental IPD & OPD are covered.

    5. Child cover ( New Born Baby) 

    6. Animal Bite

    7. Ambulance cover

    8. Refill or restore facility is part of the policy. Refer condition for a refill.

    9. Global Treatment condition.

  10. Annual Health 

These are the major points which one should check prior to the purchase of insurance.