Whether death occurs or not but there is a huge financial burden which canarise in the form of
hospitalisation bills.
These hospitalisation bills can wipe out your years of savings which you might have done for some other financial goals such as your Child Education, Child Marriage or for your own retirement.
So the payout is done on diagnosis and one doesn't have to submit
hospitalisation bills.
Bajaj Allianz General Insurance brought in a suicide cover to pay for
any hospitalisation bills or other costs from suicide attempts on the insured's behalf.
However, the coverage provided in such cases might not be sufficient to take care of the spiralling
hospitalisation bills say 10 years from now.
As medical insurance assures your financial security in case of an accident, by paying for the medical expense or
hospitalisation bills, by keeping this document with yourself, you can safeguard your trip.
They are a form of indemnity policies whereby claims are settled through tie - ups with hospitals or by submitting
hospitalisation bills to the insurer for reimbursement.
A deductible of Rs 1 lakh means the first Rs 1 lakh of
the hospitalisation bill will have to be borne by the insured; the balance will be paid by the insurer.
Not exact matches
In case of
hospitalisation at any non-network hospital or a cashless claim denial at any network hospital, you will be required to pay the medical
bills directly out of your own pocket and can request reimbursement within a period of 7 days of discharge.
Whenever you need to see a doctor or suffer out - of - pocket expenses, seek a reimbursement from the insurer based on authorised
bills incurred during
hospitalisation.
Just two days
hospitalisation for common ailments could generate a
bill as high as INR 60,000 in private hospitals of metro cities.
•
Hospitalisation costs • Cost of medication • Recuperation aids • Day to day expenses like school fees, EMI's and
bills • Any debts due to illness • Any lost income due to decreasing ability to earn