Investing your hard-earned money into a health insurance policy so that you protect yourself and your family from any financial burden in case of medical emergencies is the most prudent course of action. A health insurance policy is a must for every individual in this modern day life because of the rising incidence of illnesses and the corresponding rising trend of medical costs. In such a scenario, you should insure yourself with a sufficient amount so that the claim does not burn a hole in your pocket.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
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Even after availing optimum health insurance coverage, we still fear the claim scenario almost always expecting one or more hassles at the time of settlement. Our fears are reasonably justified because the health insurance claim settlement process, unless otherwise known, can be a cause of concern. Therefore, simply buying a health plan is not enough; you need to also know the claim settlement process of your policy to avoid future hassles. So, let us take a look:
There are two ways in which your claim can be settled namely -
In both of the above claims, there is a specified process and certain pointers that can enable a hassle-free claim experience.
If your policy provides for cashless claim facility, you need to keep the following pointers in mind at the time of hospitalization:
Though the cashless claim is the norm of modern times, there are policies which have reimbursement claim settlement. Even the cashless settlement may at times result in a reimbursement claim if:
At such times and for reimbursement policies, the following points should be remembered:
Whatever be the nature of your claim, keeping the relevant points in mind is very necessary to ensure a speedy settlement without the additional hassle involved at times when you are already under a lot of stress.
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