Between the corona infection and lockdown, the lifestyle of the modern generation has increased many diseases within themselves. In the event of a serious illness, more money has to be spent. In such a situation, you should have health insurance. Health insurance policy will give you relief from the stress of medical expenses. Most of us invest in better health insurance plans. Many insurance giving networks provide cashless claims facility in hospitals.
The insurance company tries to meet the claims raised, but there are some instances when claim settlement can be denied with deduction. Although you cannot avoid all possible causes, there are precautions that you should take to reduce the possibility that your bill will be rejected in whole or in part. The same, before buying insurance cover, you should read the policy document and all the terms and conditions completely. You should make sure that you know everything about the policy. It is necessary to know what is included in the policy and whether the waiting period is applicable for some diseases.
In addition, if you have more than one insurance, coordination of benefits can also cause confusion, for example when you and your spouse are covered under two or more policies. In that case, ask both insurance companies about the coordination of their benefit rules. While purchasing the insurance policy, you should tell about all the necessary details. Many times the claims are dismissed because not all the facts have been disclosed while purchasing the policy, or the insurer has been given partial information. Information about name, age, type of business, current medical conditions, income. Claim settlement can be affected if you hide the required information while purchasing the policy.
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