claim settlement

How Network and Non-Network Hospitals Affect Your Health Claim

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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What Is Sum Insured in Health Insurance?

Sum Insured in Health Insurance is vital for securing adequate insurance coverage. While they sound similar, they have distinct meanings in life and health insurance. Sum Assured is the payout amount upon the policyholder’s demise, whereas Sum Insured is the maximum coverage for medical expenses. Familiarizing yourself with these terms empowers you to make informed insurance decisions tailored to your needs.

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