Less Known Facts: Mediclaim Vs Critical insurance

#Mediclaim is to cover the hospitalization expenses. Mediclaim covers even the hospitalization due to critical illness. But critical #illness insurance is to cover the reduction or decrease in your earning capacity due to critical illness insurance. That’s why you will be paid the full sum assured in critical illness insurance regardless of the hospital bills.

#Mediclaim is one of the risk management tools. If you are not covered with mediclaim, your wealth may erode just like that if there is a hospitalization. By taking a mediclaim policy you are actually protecting your wealth. Call : 9822513801

Less Known Facts: Domiciliary hospitalization

Is the case where #treatment is required for more than 3 days but patient cannot be taken to #hospital and confined to home. It will be permitted only under 2 circumstances: 1) patient is unable to move to hospital.2) Hospital is unable to accommodate the patient.

Cover for such treatment is depending upon mediclaim Company’s policy and you need to check it before opting for the mediclaim #insurance.

#Mediclaim is one of the risk management tools. If you are not covered with mediclaim, your wealth may erode just like that if there is a hospitalization. By taking a mediclaim policy you are actually protecting your wealth. Call : 9822513801

Less Known Facts: Cashless hospitalization

You may be disallowed of #cashless hospitalization if

i) Information about the treatment you submitted is insufficient to confirm the coverage

ii) #TPA is not in timely receipt of the request for the pre-authorization. In such case, you need to bear the expenses first and then send claim for reimbursement.

iii) If hospital in which you are required to take treatment is not on the panel of the company

#Mediclaim is one of the risk management tools. If you are not covered with mediclaim, your wealth may erode just like that if there is a hospitalization. By taking a mediclaim policy you are actually protecting your wealth. Call : 9822513801

Less Known Facts: If it is working couple then are they double insured?

Yes they are!

If you have #group mediclaim insurance of Rs.2 lakhs and your spouse has it of 2 lakhs too then you both will be insured for Rs.4 lakhs. So if either of you met with an #accident or hospitalized due to some sickness, and the expenses are about 2.5 lakhs, then you can claim 2 lakhs from your company and remaining 50000 from your spouse’s. 

#Mediclaim is one of the risk management tools. If you are not covered with mediclaim, your wealth may erode just like that if there is a hospitalization. By taking a mediclaim policy you are actually protecting your wealth. Call : 9822513801

Less Known Facts: Accidental insurance

If you are opting accidental #insurance as rider to your mediclaim insurance policy then it will cover a very less amount in the case of accident or hospitalization due to accident.

So it is wise to opt for independent accidental insurance but do check all the exclusion before opting for it.

#Mediclaim is one of the risk management tools. If you are not covered with mediclaim, your wealth may erode just like that if there is a hospitalization. By taking a mediclaim policy you are actually protecting your wealth. Call : 9822513801

Less Known Facts: Documentation- before and After

i) Whenever you go to buy any mediclaim insurance policy then agent will tell you about the things they are covering to the lengths but very few of them will tell you about the exclusions and there lies the hitch. So before buying any mediclaim insurance, check about its exclusions thoroughly.

ii) After insuring yourself please always keep your all documents up to date. If you have, any pre-existing disease then its all history as it is (do not misplace a single prescription also)

iii) In case of planned #surgery, intimate it to your mediclaim company in advance and take preauthorization of it from the mediclaim company. So at the time of actual surgery, you need not submit any document.

#Mediclaim is one of the risk management tools. If you are not covered with mediclaim, your wealth may erode just like that if there is a hospitalization. By taking a mediclaim policy you are actually protecting your wealth. Call : 9822513801

Less Known Facts: NRI and Health insurance in India

Yes, #NRI can take mediclaim policy in India, only after submitting residence proof and other required documents. Cost of the treatment will be set against Indian parameter and premium has to be paid according to Indian actuaries. The applicant needs to come to India for the treatment, as he will not be compensated for it in his foreign country.

#Mediclaim is one of the risk management tools. If you are not covered with mediclaim, your wealth may erode just like that if there is a hospitalization. By taking a mediclaim policy you are actually protecting your #wealth. Call : 9822513801

Less Known Facts : Benefits of sticking to one Insurer Company

i) If you are suffering from any pre-existing #disease at the time of commencement of the mediclaim policy then complications of that disease will be covered only after 3 or 4 years of the commencement date.

ii) If you stick to your mediclaim policy for more than one year or so, company may offer you bonus or give discount in premium.

iii) After two years of mediclaim #insurance commencement, you may get free health check-ups for every second year. Or you may get health services and product of market value up to 10% of your last paid premium.

#Mediclaim is one of the risk management tools. If you are not covered with mediclaim, your wealth may erode just like that if there is a hospitalization. By taking a mediclaim policy you are actually protecting your wealth. Call : 9822513801

Toon Time

Health Insurance Myths & Facts / हेल्थ इंशुरंस समज आणि गैरसमज - 8

Myth: Once bought, the Health Insurance terms remain the same.

#Health Insurance is a contract that is renewed every year between the insurer and the insured. Like every contract the terms can change at the time of renewal. You better be sure to keep checking any update emails or letter you may have received from your insurer at the time of making the premium payments to avoid any surprises later on.

For any assistance: #9822513801

Health Insurance Myths & Facts / हेल्थ इंशुरंस समज आणि गैरसमज - 6

गैरसमज : हेल्थ इंशुरंस म्हणजे फ़क्त Income Tax/ आयकर वाचवण्याचा मार्ग आहे.

बरेच लोक अजूनही हेल्थ इंशुरंस फक्त आयकर वाचवण्याकरता घेतात आणि चुकीची पॉलीसी घेतल्यामुळे जेव्हा खरच वेळ येते तेव्हा पश्चाताप करतात. आयकरामधील सुट देण्यामागे सरकारच धोरण चांगलच आहे पण आपण पॉलीसी घेताना फक्त आयकर कसा वाचेल या एका गोष्टीचा विचार करून चालणार नाही.

लक्षात घ्या : हेल्थ इंशुरंसमुळे आपला आयकर वाचणार आहेच पण त्याहून खूप जास्त पैसे वाचतील (हॉस्पिटलचे बील) जर तुमचा हेल्थ इंशुरंस योग्य असेल.

Health Insurance Myths & Facts / हेल्थ इंशुरंस समज आणि गैरसमज - 7

Myth: Pregnancy won’t be covered

This Myth in India has arisen due to the fact that till a couple of years back most health insurance companies were not willing to cover pregnancy, since they viewed it as a sure-shot claim in most cases. This has however changed and insurers have now started to cover pregnancy in the health insurance cover as well. However, there certain conditions and depending on your policy you may find that some policy require a waiting period of 3 years before they cover pregnancy related claims, while some would only cover the 1st pregnancy.

Whatever the case is, pregnancies are now covered though conditionally, so when you do opt for a Health Insurance, check out the pregnancy clause and its conditions.