Many employees covered under a group health insurance policy are under the impression that this policy will cover any cost they incur for illness or hospitalization. But the fact is the insurance cover by a group health insurance policy has several exclusions which employees discover much later. Due to these exclusions, an employee who has to undergo medical treatment might not get the required coverage due to exclusions, which can cost him financially and emotionally. Employees need to be aware of what is not covered in a group health insurance policy so that when medical treatment is necessary for them or their family members, they know whether coverage is available or not and they can be in a better position by taking a personal health insurance policy. In this blog, we will focus on exclusions in a group health insurance policy. What are exclusions in group health insurance? Exclusions are conditions or treatments that a group health insurance policy will not cover...
When you buy a health insurance policy, you must take the responsibility of renewing it every year. This is crucial if you wish to continue enjoying your health insurance benefits. Most health insurance policies have a validity period of one year and have to be renewed annually for continuous coverage. Renew your health insurance policy renewal on time to ensure your policy does not lapse. In this blog we will look at the benefits of renewing your policy and explain the things you need to look out for when doing it. Why is renewing your health insurance policy important? Renewing your health insurance policy before the due date ensures uninterrupted coverage, retains your no-claim bonus benefits, and helps you avoid starting a new waiting period or undergoing fresh medical tests. Here’s why timely renewal is crucial: Continued Coverage: Avoid claim rejection due to policy expiry. Retention of No-Claim Bonus: Boost your sum insured or enjoy premium discou...