Health Insurance

How to Cancel Health Insurance Policy and Get a Refund

How to Cancel Health Insurance Policy and Get a Refund

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Here is complete information on steps on how to cancel health insurance policy, refund process, deductions and FAQs. Simplify the task for you to be able to cancel your health insurance. To cancel health insurance policy and obtaining a refund may seem like a complex process. However, understanding the process can simplify the task for you to be able to cancel your insurance.

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Risk Management in Health Insurance – The Way Forward

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Risk Management in health care and health insurance plays a seminal role in protecting the interest of policyholder, distribution and of course companies itself. It is imperative that in the health care or health insurance organisation it should have qualified risk managers to identify, assess, develop, implement and monitor the risk management process.

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How Network and Non-Network Hospitals Affect Your Health Claim

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When you purchase a comprehensive health insurance plan, the insurer provides a list of network hospitals. The pandemic has highlighted the inevitability of uncertainties in our lives, showing that everyone, regardless of age, is vulnerable to serious health issues. This realization underscores the importance of having a health insurance policy and understanding the roles of network and non-network hospitals in settling claims. Know how it affects your health claims experience.

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Which Scheme of Act Provides Health Insurance Requirements for Workers?

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Among the various legislative frameworks addressing this need, one scheme stands out as a key contributor to fulfilling health insurance requirements for workers. This scheme reflects a commitment to the welfare of workers, emphasizing the importance of accessible and affordable healthcare for those contributing to the economic fabric of the nation.

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Health Insurers can't deny claims due to pre-existing condition non-disclosure after five years (1)

New IRDAI Rule: Health Insurers can’t deny claims due to pre-existing condition non-disclosure after five years

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The IRDAI has shortened the eight-year moratorium period that renders claims unrebuttably due to omission of pre-existing disease disclosure to five years. Similarly, policyholders will now only need to wait three years rather than four for their declared pre-existing conditions, like diabetes or hypertension, to be covered due to a shortened waiting period for pre-existing illnesses, according to Dr. B. Mishra, Director of Claims, Underwriting and Product Niva Bupa Health Insurance.

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