Please follow following rules to prevent rejection of your Health Insurance Claim - 1. Read the list of coverage and exclusions in policy wordings (which comes to you with the policy). 2. Ensure that you declare all the pre-existing diseases at the time of enrolment. 3. Do … [Read more...] about How to prevent rejection of Health Insurance Claim?
howtos
How Deductibles and Co-insurance work in Health Insurance?
Excellent video tutorial on youtube explaining deductibles and how co-insurance/co-pay work in health insurance. … [Read more...] about How Deductibles and Co-insurance work in Health Insurance?
What is 'co-payment' or 'co-pay'?
What is co-payment or co-pay? A "co-payment" or "co-pay" is a specific charge that your health insurance plan may require that you pay for a specific medical service or supply, each time a medical service is accessed. In other words Co-payment refers to the portion of claim that … [Read more...] about What is 'co-payment' or 'co-pay'?
What is an Assignment?
Assignment is a mean whereby the beneficial interest, right and title under a insurance policy get transferred from the assignor to the assignee. 'Assignor' is the policyholder, who transfers the title and 'Assignee' is the person, who derives the title from the assignor. Upon … [Read more...] about What is an Assignment?
How to change LIC Policy address?
To change the address of your LIC Policy, you have to write a letter to the serving branch Manager(from which the policy was taken or the branch that issued the policy), stating that you have moved your address and wants to update the new address in your LIC policy. This letter … [Read more...] about How to change LIC Policy address?
Hit And Run Car Accident : How to Claim Injury Compensation?
What is "hit and run motor accident"? As per Sec 161 of Motor Vehicle Act, “hit and run motor accident" means an accident arising out of the use of a motor vehicle or motor vehicles the identity whereof cannot be ascertained in spite of reasonable efforts for the … [Read more...] about Hit And Run Car Accident : How to Claim Injury Compensation?
Health Insurance Portability : Simple 5 Steps to port your policy to new insurer
Step 1 A policyholder, who wants to port his policy to another insurance company, shall have to approach to new insurance company at least 45 days before the premium renewal date of his/her existing policy with old insurer, to enable the new company consider his application. … [Read more...] about Health Insurance Portability : Simple 5 Steps to port your policy to new insurer
What you need to know about Health Insurance Portability?
What does ‘Health Insurance Portability’ mean? Health Insurance policy holders, who are not satisfied with the services of the present provider, will be able to switch/change their service provider without losing the basic coverage of health insurance. As per IRDA portability … [Read more...] about What you need to know about Health Insurance Portability?
Missed LIC Premium Payment, pay within 30 days, without any interest
If you have missed the LIC premium within the due date there is still time for you to make the payments without payment of interest on the premium. This period is called the Grace Period. (with the exception of some plans). 1. The grace period for policies where the premium … [Read more...] about Missed LIC Premium Payment, pay within 30 days, without any interest
Know your Comprehensive Car Insurance Policy!
What is Covered? 1. Loss or Damage to your car against Natural Calamities Fire, explosion, self-ignition or lightning, Earthquake (Fire and Shock) Damage, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide. 2. Loss or … [Read more...] about Know your Comprehensive Car Insurance Policy!