A. Common features of health insurance policy

Almost all health policies provide a common cover for .....read more

B. Check if there are any sub-limits

or not for specific treatments / diseases. Also for room rent.read more

C. If there are limits on room rent be careful.

Why? Because, if the policyholder takes a room that is charged at Rs. 2000 per day, when the eligibility is Rs. 1,000/- then the claim payable for cost incurred for treatment (excluding medicines) will be reduced in proportion...read more ...read more

D. Pre and post hospitalization expenses

provided by almost all companies varying from 30 days to 120 days.

E. Restoration / Recharge / Reinstatement of Sum Insured:

There are some finer points surrounding this. Some companies restore the sum insured to its base amount once the sum insures is exhausted; Some others, after the payment of a claim, bring back the sum Insured to its original base levels (Policy is of Rs. 5.00 Lakhs; Claim is Rs. 2:00 Lakhs. They automatically enhance the sum insured to 5.00 Lakhs....read more

F. Ambulance Charges:

Starts from Rs. 1500 onwards.

Note: This is a sample representation of the information. Please consult with an insurance expert for accurate advice...read more

G. Health check up:

Most of the companies provide it every claim free 4 years. Some give it every year regardless of claims.

H. No Claim Bonus:

Many companies provide a 20% enhancement of sum insured in the following year provided there is no claim in the previous year. This is done at no extra cost. TATA AIG in their Medicare and Medicare Premier provide 50% NCB. So, in the 4th year of the policy, a policy that was taken for Rs. 5.00 Lakhs...read more

I. Compassionate Travel:

Whether it will be paid or not.

G. Consumables:

Whether it will be paid or not.

K. Waiting Period:

3 types of waiting periods are applicable: ...read more