Terms Related To Medical Insurance

The insurance jargon might confuse you understand the policies properly. The various terms related to health insurance have been formulated over a period of time before the insurer visit your place to acknowledge you about the terms and conditions, brace yourself against the bombardment of the new words that can create a problem or make you feel like a dumb. The astute always do their homework before they plan to purchase a life-long support system. Buying health insurance can put you in trouble if you fail on choosing the right services for you. So, step forward and get by heart these keywords that make you a smart customer:

• Sum Insured/ Assured: Every insurance company has their own set of limitations for the maximum Mediclaim they can reimburse under the chosen individual or family floater plan. There comes no guarantee mentioned in the contract signed that the reimbursed money will fully cover your losses or medical bill.

• Cashless Facility: Most of the leading insurers have a network of hospitals spread across the nation. It comes with a benefit for the insured person that he can admit or take treatment without paying any initial charges to the cash counter. Under the cashless facility, insurers ask you to inform them when and where the treatment will take place, and they take the responsibilities of hassles of medical bills.  

• Pre-Existing Ailments:  Some medical patients prefer the Mediclaim providers who cover the pre-existing diseases in their policy. There come 4 years of the gap until when most of the insurers don’t provide coverage for the disease that you possess at the time of policy signing. Only bigger companies can take you under grant for the deadly diseases like cancer, tuberculosis, heart diseases, etc. So choose wisely.
• Pre and Post Hospitalisation Expenses: Under this policy, the insurers take charge of all the medical expenses incurred during the hospitalisation and also the expenses came in the favour of medical patient before or prior to hospitalisation. In a number of cases, the policy extends to post hospitalisation expenses as well, thus removing the total burden falling on the head of the beneficiary.

Once you graduated from the terms mentioned in the list, it will definitely help you grab the best policy for your medical or any other requirement. There are many bigger and smaller medical insurance companies in India, but Religare Health Insurance provides you with the best medical insurance in India. The happy and healthy lives of thousands of customers have been truly a goal-setting inspiration for this brand.