Waiting Periods of Health Insurance Policy

Ways-to-avoid-Health-Insurance-Claim-rejection

WAITING PERIODS We shall not be liable to make any payment under this Policy directly or indirectly caused by, based on, arising out of or howsoever attributable to any of the following. All the waiting period shall be applicable individually for each Insured Person and claims shall be assessed accordingly. V.1. Pre-existing Disease Waiting Period All Pre-existing Diseases / Illness […]

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Genetic diseases, mental illness cannot be excluded from health insurance coverage: IRDAI

The insurance regulator has said genetic disorders, menopause, mental illnesses among several such health issues cannot be excluded from health insurance coverage. As part of an exposure draft on the standardisation of exclusions, Insurance Regulatory and Development Authority of India (IRDAI) said any disease contracted after taking the policy also have to be mandatorily covered. All existing health insurance products […]

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Should I buy Health Insurance policy online or From a Traditional Agent?

Best health Insurance Policy

I will share an incident. A person of age 67 approached us last month as he had a Peculiar problem related to health insurance. He had a ICICI Lombard policy from last 10 years  whose premium has become very high. After searching online he decided to buy Max Bupa Health Insurance policy online. He followed the procedure and had a […]

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How to do Health Insurance Portability ?

health insurance_portability

Let us discuss portability with reference to a Health Insurance Company, say Max Bupa. Q1. What is Health Insurance Portability? Portability allows you to switch from one insurer to another without making you lose your waiting period benefits earned by you in your existing policy. The waiting period is generally classified into three types: General waiting period Waiting period for […]

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Personal Health Insurance and Group Health Insurance – Portability

Health Insurance Portability in India

Personal Health Insurance and Group Health Insurance, How to do portability ? When 39-year old Amit Khanna , working with a top IT company in Hyderabad decided to change jobs, he was concerned about shifting his group health insurance from his present company, to an individual policy. He knew this can be done but was largely unaware about the portability […]

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