The exercise involved sifting through more than 78 products offered by over 22 companies and analysing nearly 10,000 data points. The result? An easy-to-use guide with all the complex data around pricing, features and claim settlement neatly transformed into three product lists – A, B and C – to help you choose the most suitable health insurance policy. To discuss the nitty-gritties of this mammoth exercise, Moneycontrol caught up with Kapil Mehta, Co-founder, SecureNow.in. Listen in
Insurers can reject your claims, even if unrelated to the ailment, and cancel the policy if the illness is discovered later through medical or insurer’s investigations when one is hospitalised.
The ratings synthesise vast amounts of information into simple A, B and C ratings that you can relate to and use while choosing a health insurance product.
Amid rising medical and doctors’ consultancy costs besides hospitalisation expenses, critical illness cover ensures lumpsum payment to policy holders in case a disease is detected.
Insurance firms will pay for any hospitalisation linked to mental ailments, but OPD treatment will be covered only if specifically included in the policy.