HEALTH INSURANCE CLAIM SETTLEMENT
Why can your insurance claim get rejected & how to avoid it? All health insurance policies have a life-long renewal clause which the regulator has mandated. They cannot be rejected and your pricing cannot go up purely because you have a condition right now. So, certain benefits are inbuilt and benefits that t...
04 Jul, 2024, 10.29 AM ISTWhat is the difference between deductible, co-payment in a health insurance policy If you are confused by personal finance terms, jargon and calculations, here’s a new series to simplify and deconstruct these for you. In the fifth part of this series, ET Wealth explains the difference between deductible and co-payment.
01 Jul, 2024, 06.30 AM IST6 health insurance claim rule changes in 202427 Jun, 2024, 02.15 PM IST - ADVERTISEMENT
Nearly 70% health claim users opting for reimbursement mode don't have enough liquid savings to pay bills: Survey A recent study highlighted challenges faced by health insurance policyholders opting for reimbursement, often resorting to borrowing or dipping into savings for medical bills. Despite expanded coverage, 68% lacked adequate savings for expenses. Cash...
26 Jun, 2024, 05.32 PM ISTIs your medical claim stuck? Find out why you face problems in health insurance claim settlement and how to avoid them While health insurers can sometimes be blamed putting customers through unending hardship in clearing claims, many a times it’s the policyholder who is at fault. A significant portion of these health insurance claim rejections can be prevented by as...
25 Jun, 2024, 01.26 PM IST6 questions to ask while buying a health insurance policy to avoid claim rejections later How to buy the right health insurance policy that will pay for your claims on time? You can avert claim rejections by asking the important questions at the time of buying health insurance and reading the policy details and fine print carefully. Ask ...
24 Jun, 2024, 06.30 AM IST6 recent health insurance claim rule changes every policyholder should know Insurers will have to clear a health insurance claim within three hours of receiving it from the hospital during discharge. Irdai has also given a window of one hour for clearing cashless claim requests at the time of admission. All you need to know...
24 Jun, 2024, 06.30 AM ISTGo Digit stock likely to face pressure amid elevated combined ratio After gaining over 24% within three weeks since listing on bourses on May 23, the stock of Go Digit General Insurance has remained range bound following weak performance in the March quarter, which was declared on June 11.
21 Jun, 2024, 12.19 PM ISTAll insurers must offer basic cover, meet settlement deadlines: IRDAI IRDAI announced customer-centric measures, requiring general insurance companies to offer basic insurance products with clear coverage details on their websites for easy comparison and customization.
12 Jun, 2024, 07.12 AM ISTNHCX, a single portal for all health insurance claims soon: what is the claims process, benefits to policyholders The digital platform, to be launched in 2-3 months, will speed up and standardise claim settlement process, leading to cost benefits for the insured.
03 Jun, 2024, 12.56 PM ISTOne portal for all health insurance claims: How claim settlement process will change with NHCX03 Jun, 2024, 12.54 PM IST Cashless claims to be cleared in 3 hours Irdai has also mandated the insurer to decide on the cashless authorisation within one hour of receipt of the request.
03 Jun, 2024, 06.30 AM ISTHealth insurance premiums can be reduced if you don’t make a claim, policy cancellations to be less costly and more: 5 rule changes Health insurance rule changes: To make health insurance policy more inclusive, flexible and customer-friendly, IRDAI has recently released a master circular on health insurance business. The regulator introduces new measures regarding cancellation c...
01 Jun, 2024, 12.49 PM ISTHealth insurance claim rule change: Cashless claims must be cleared in 3 hours; insurer to pay hospital charges for delay in discharge, says IRDAI Health insurance: The Insurance Regulatory and Development Authority of India (IRDAI) has released a master circular to streamline health insurance claim process. Previously, delays in claim approvals forced patients to stay in hospitals longer. Now...
30 May, 2024, 02.31 PM ISTIRDAI in favour of 100% cashless claim settlement in health In terms of cashless claims, the regulator wants insurers to decide on authorisation requests within one hour of receipt. It has directed insurance companies to put in place necessary systems and procedures to meet the new guidelines by July 31, 202...
30 May, 2024, 05.28 AM ISTHealth insurance new rule: You will get full coverage during grace period even if premium is unpaid, mandates IRDAI New health insurance rule: To bring some much-needed relief to health insurance policyholders, Insurance Regulatory and Development Authority of India (IRDAI) has released a master circular on Health Insurance Business. Typically, most health insura...
29 May, 2024, 09.51 PM ISTHealth insurance claim rejection: Widow fights, wins Rs 28 lakh damage; pre-existing disease can't be free pass for claim denial The Delhi State Consumer Commission ruled that an insurer cannot reject a health insurance claim solely based on pre-existing diseases if they weren't the cause of death. The commission directed HDFC Life (previously known as HDFC Standard LIC Co. L...
14 May, 2024, 01.50 PM IST3 changes in health insurance claim rules to help consumers: Reduced waiting period for pre-existing diseases, moratorium Whenever you buy a health policy, the insurer informs you about the waiting period for pre-existing diseases and specified diseases which are not covered during the waiting period. The regulator has revised the rules and brought down this waiting pe...
16 Apr, 2024, 09.58 PM ISTLatest health and general insurance claim settlement ratio released in 2024 Do you know how good is your insurer is in settling claims and how long it takes for your health or general insurer to settle claims? Or how many claims did they reject last year? It is important to keep track of the claim settlement performance of ...
19 Mar, 2024, 06.28 PM ISTHow often should you review health insurance cover? Healthcare inflation is on the rise and the cover needs to be upgraded. The sum insured may prove to be too low to cover even a single hospital bill in the next few years, let alone hospitalisation expenses during retirement. To avoid high expenses ...
18 Mar, 2024, 06.30 AM IST