• About Us
  • Privacy Policy
  • Contact
Mortgage Insurance Center
  • Home
  • Mortgages
  • Health Insurance
  • Home Insurance
  • Life insuranace
  • Finance Laws
    • Banking Laws
    • Assets
    • Interest Rate
    • Loans
No Result
View All Result
  • Home
  • Mortgages
  • Health Insurance
  • Home Insurance
  • Life insuranace
  • Finance Laws
    • Banking Laws
    • Assets
    • Interest Rate
    • Loans
No Result
View All Result
Mortgage Insurance Center
No Result
View All Result
Home Health Insurance

Common reasons why health insurance claims get rejected!

by Matthew Upton
May 24, 2022
in Health Insurance
0
Home loans to cost more as HDFC hikes lending rates following RBI’s repo rate hike
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

[ad_1]

Health Insurance benefits

Health Insurance benefits

KEY HIGHLIGHTS

  • Many times, it is seen that insurance buyers incompletely or incorrectly fill application forms. There may be a lack of documentation, etc.
  • It is advisable to clear every doubt by asking the agent or insurance company representative questions you have in your mind regarding the policy you are supposed to buy.
  • If you fall ill due to pre-existing diseases and require hospitalization, your health insurance company will not be able to cover the cost of treatment.
New Delhi: Most people have the habit of ignoring the fineprint of health insurance policies when they buy them. It mainly happens due to lack of attention. Laxity towards health insurance can get claim rejected. Whenever buying a health insurance policy, you should ensure that all terms and conditions are fully understood. All insurance policies come with certain terms and conditions with regard to processing of claims, and health insurance is no exception.

Buying a health insurance policy is an amazing way to safeguard your hard-earned money in case you need to avail medical treatments. Nowadays, this process has become easy due to various options available to buyers. A policy can be bought easily, even online, but when claims are raised, are they always settled? There could be various reasons due to which a claim might get rejected.

Top reasons behind health insurance claim rejection:

Lack of knowledge about processing claim

Related News

How can travel insurance protect you during an emergency

How can travel insurance protect you during an emergency?

ITR filing Higher TDS to be levied on individuals who missed ITR filing for FY 2020-21

ITR filing: Higher TDS to be levied on individuals who missed ITR filing for FY 2020-21

Since a health insurance policy is a contract between two parties — you and insurance company, you must follow the claim process diligently. Many a times, it is seen that insurance buyers incompletely or incorrectly fill application forms. There may be lack of documentation, etc. It is advisable to clear every doubt by asking the agent or insurance company representative questions you have in your mind regarding the policy you are supposed to buy. This will reduce the chances of claim rejection.

Hiding pre-existing diseases

Some health insurance plans do not cover any diseases you already might have while buying the policy. If you fall ill due to these diseases and require hospitalization, your health insurance company will not be able to cover you for the cost of treatment. Thus, if you raise a health insurance claim, there are high chances that it will get rejected.

Non-renewal of policy

A health insurance policy is usually valid for a period of one year. At the end of one year, the policy gets expired. So, you need to get the policy renewed. Renewal of a policy comes with other benefits as well. For example, you might have to pay a lesser premium. But if you do not renew your health insurance policy, it will lapse. If you are unaware that your policy has expired and you raise a claim, it will get rejected. Thus, you must make sure to check the expiry date of your health insurance policy.

Making claim before waiting period is over

A waiting period with respect to a health insurance plan means one has to wait for a certain period of time to avail the insurance cover. For example, some insurers cover pre-existing diseases or maternity benefits after a waiting period of a couple of years. This duration de-pends upon the terms and condition of the insurance company.

Exclusions

Health insurance comes with a financial cover against illness. However, there are certain conditions under which you cannot raise a claim. These conditions are called exclusions. If you raise a claim against an exclusion of your policy, it will be rejected. To avoid this situation, you must always read the policy document thoroughly.

[ad_2]

Source link

Previous Post

Few eligible families have applied for government help to pay for COVID funerals

Next Post

How high will interest rates really go?

Next Post

How high will interest rates really go?

Popular Posts

Ajanta Pharma : Newspaper Advertisements
Life insuranace

Taiming Assurance Broker : Announcement on behalf of the major subsidiary Link-Aim Life Insurance Broker Co.,LTD. to distribute dividends.

by Matthew Upton
July 28, 2022
0

Close Provided by: TAIMING ASSURANCE BROKER CO.,LTD. SEQ_NO 4 Date of...

Read more

Taiming Assurance Broker : Announcement on behalf of the major subsidiary Link-Aim Life Insurance Broker Co.,LTD. to distribute dividends.

20% interest rate on credit cards! Here’s how to avoid paying those high rates :: WRAL.com

Sens. Murphy, Blumenthal, Colleagues Reintroduce the Behavioral Health Coverage Transparency Act – InsuranceNewsNet

$1 billion in loans still available for agricultural funding in Ohio

How Long Do Car Accidents Stay on Your Record?

Rocket Mortgage Classic Wagers: Pick To Finish Top-10

Load More

Popular Posts

Hingham DPW Workers Deserve Respect, Decent Wages and Affordable Health Insurance

Hingham DPW Workers Deserve Respect, Decent Wages and Affordable Health Insurance

by Matthew Upton
July 5, 2022
0

Propy introduces blockchain title and escrow service

Propy introduces blockchain title and escrow service

by Matthew Upton
May 26, 2022
0

Biden administration sued after fertility awareness methods cut from health coverage

by Matthew Upton
June 15, 2022
0

Ajanta Pharma : Newspaper Advertisements

Taiming Assurance Broker : Announcement on behalf of the major subsidiary Link-Aim Life Insurance Broker Co.,LTD. to distribute dividends.

July 28, 2022

20% interest rate on credit cards! Here’s how to avoid paying those high rates :: WRAL.com

July 28, 2022
Edelweiss General Insurance launches India’s first on-demand, mobile telematics-based comprehensive motor insurance – SWITCH

Sens. Murphy, Blumenthal, Colleagues Reintroduce the Behavioral Health Coverage Transparency Act – InsuranceNewsNet

July 28, 2022

Categories

  • Assets
  • Banking Laws
  • Finance Laws
  • Health Insurance
  • Home Insurance
  • Interest Rate
  • Life insuranace
  • Loans
  • Mortgages

Tags

home loans mortgage personal loan
  • Privacy Policy
  • contact us

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • About Us
  • contact us
  • Home
  • Home 2
  • Home 3
  • Privacy Policy

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.