Waiting period for pre-existing diseases (PED) was cut down from 48 months to 36 months. After the expiry of this period, all diseases will be covered in the insurance net whether or not they were revealed at the time of buying the policy.
Claims under travel insurance list conditions such as medical emergencies and airline-led epidemic-linked cancellations. While special high-premium travel insurance policies cover such cancellations, not all claims fall into this category.
In the last few months, general insurers Bajaj Allianz, ManipalCigna and Tata-AIG have launched health insurance policies targeting senior citizens. Features may be elderly-friendly, but the final decision will boil down to entry restrictions and premiums, say experts.
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.
The proposed revisions in health insurance policies’ customer information sheet (CIS) will provide policyholders a quick, handy guide at the time of hospitalisation and claims