Dbn Centre
  • Business
  • Education
  • Finance
  • Health
  • Home
  • Shopping
  • Tech
  • More
    • Sports
    • Auto
    • Law
    • Real Estate
    • Travel
No Result
View All Result
  • Business
  • Education
  • Finance
  • Health
  • Home
  • Shopping
  • Tech
  • More
    • Sports
    • Auto
    • Law
    • Real Estate
    • Travel
No Result
View All Result
Dbn Centre
No Result
View All Result

Everything You Need To Know About Health Insurance

Chaya Ben by Chaya Ben
May 2, 2020
in Health
0
Everything You Need To Know About Health Insurance

Summary

In India, health insurance is considered as an unnecessary investment. Most people buy health policy mainly to reduce their tax liability. But, it’s benefits in terms of protecting against medical emergencies should not be underestimated. Read on to more about a health insurance policy.

Health insurance plays a vital role in providing financial stability to the policyholder in the event of any medical issues in the family. This is because, when you purchase a health policy, the insurance company provides you with financial help to cover the treatment cost. To avail the benefits of a health insurance policy, it is paramount that you understand your health cover. Here are a few critical things you must know about a health insurance policy:

Health insurance terms

Often health insurance buyers, especially first-time buyers, have no clue about the various health insurance terms mentioned in the policy documents. It is vital that you understand every single word and what the term means to avoid any dispute later. Some of the critical health insurance-related terms you must be aware of are:

  • Pre-existing illness

This refers to the disease or medical condition that you may be suffering from before purchasing the policy. Most insurance companies do not cover pre-existing illness, or it is covered only after the waiting period is over.

  • Waiting period

Every general health insurance policy comes with a certain waiting period. It is the time during which the insurer is not liable to pay any compensation for specific medical conditions, as mentioned in the policy documents.

  • Network hospitals

All insurance companies have collaboration with hospitals, which are known as network hospitals.

Features and Benefits of Health Insurance Policy

  • Cashless Treatment

One of the significant features of a health insurance policy is that if you seek treatment from any of the insurer’s network hospitals, you need not pay for the medical expenses. The insurer will directly settle the bills with the hospital after you get discharged. But, to avail of this facility, you must show the cashless card provided by the insurer at the hospital. However, if you get admitted to a non-network hospital due to an emergency, you must settle the bill first and then obtain reimbursement from the insurer.

  • Coverage for daycare treatment

Most insurance companies in India provide compensation for the daycare treatment expenses that do not require you to get admitted to the hospital.

  • Pre and post hospitalisation charges

This is another significant benefit of a health insurance policy. Most insurance policies provide pre and post hospitalisation expenses. The duration of the coverage may vary from insurer to insurer, but it generally ranges from 30 to 60 days.

  • Online renewal

All health insurance policies have a maturity date post which you must renew the same to continue receiving the benefits. Today, with most insurance companies offering online services, you can renew your policy online just by visiting the insurer’s website. The renewal process is simple, and you can do it on your own within a few minutes.

  • Claim settlement

Every insurance company has a specific process for settling the claim request. It is therefore paramount that you get familiar with the process beforehand, and take note of the necessary documents you must submit while filing a claim. This will come in handy to avoid delay in the claim settlement process, and get an approval on the first go itself. Remember, you will not get any compensation unless you comply with the claim process, and the insurer approves your request.

So, now that you understand the different aspects of health insurance make sure that you do your research well about different insurance policies and choose the one that best suits your interest. Also, don’t forget to read the policy documents carefully before signing the papers.

Previous Post

Business Podcasts You Should Listen To

Next Post

Important Sports Activity Gambling Tips

Chaya Ben

Chaya Ben

Next Post
Important Sports Activity Gambling Tips

Important Sports Activity Gambling Tips

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Top Energy Guru NJ Ayuk Makes Reputation Poll International’s 100 Most Reputable Africans List In 2023 

Top Energy Guru NJ Ayuk Makes Reputation Poll International’s 100 Most Reputable Africans List In 2023 

March 1, 2023
The best comedian of all time Richard Belzer passed away last night.

The best comedian of all time Richard Belzer passed away last night.

February 21, 2023
Benefits of Online Medical Consultations

Benefits of Online Medical Consultations

February 17, 2023
What to Know About Hair Growth

What to Know About Hair Growth

January 24, 2023

Recommended

Top Energy Guru NJ Ayuk Makes Reputation Poll International’s 100 Most Reputable Africans List In 2023 

Top Energy Guru NJ Ayuk Makes Reputation Poll International’s 100 Most Reputable Africans List In 2023 

March 1, 2023
The best comedian of all time Richard Belzer passed away last night.

The best comedian of all time Richard Belzer passed away last night.

February 21, 2023
Benefits of Online Medical Consultations

Benefits of Online Medical Consultations

February 17, 2023
What to Know About Hair Growth

What to Know About Hair Growth

January 24, 2023

Recent Posts

  • Top Energy Guru NJ Ayuk Makes Reputation Poll International’s 100 Most Reputable Africans List In 2023  March 1, 2023
  • The best comedian of all time Richard Belzer passed away last night. February 21, 2023
  • Benefits of Online Medical Consultations February 17, 2023
  • What to Know About Hair Growth January 24, 2023
  • Fastest 50 of T-20 Cricket December 30, 2022

Archives

  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • March 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019

Categories

  • Auto
  • Business
  • Casinos
  • Education
  • Event
  • Finance
  • Health
  • Home
  • Law
  • News
  • Poker
  • Real Estate
  • Shopping
  • Sports
  • Tech
  • Travel
  • Wine
March 2023
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Feb    

Recent Posts

  • Top Energy Guru NJ Ayuk Makes Reputation Poll International’s 100 Most Reputable Africans List In 2023  March 1, 2023
  • The best comedian of all time Richard Belzer passed away last night. February 21, 2023
  • Benefits of Online Medical Consultations February 17, 2023
  • What to Know About Hair Growth January 24, 2023
  • Fastest 50 of T-20 Cricket December 30, 2022
  • 7 Best cricket betting tips that you must know December 30, 2022
  • How To Make More Money by Betting on Football – The Ultimate Guide December 16, 2022
  • Best analysis techniques for forex trading December 16, 2022
Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Get Support

© 2019 Dbn Centre - Premium WordPress news & magazine theme by Dbn Centre.

No Result
View All Result
  • Contact
  • Get Support
  • Home 1
  • Home 2
  • Home 3
  • Home 4
  • Home 5

© 2019 Dbn Centre - Premium WordPress news & magazine theme by Dbn Centre.