kainchidham09

Mercredi 16 mai 2012 3 16 /05 /Mai /2012 10:37

5 health insurance changes you must know

Thanks largely to the new group of players in health insurance, things are changing for the better for customers. Be it customer-friendly features, standards of service or claim experience of the agreement - some companies will go all out to please their customers. It remains to see if others will join them. However, for the time being, this is the advantage of customers, at least in some areas. Here are some steps to pro-customer to the individual segments of health is seen in the recent past:

Life-long renewability

In rejecting the IRDA to approve the new products that may cover the exit of age, most companies are forced to rejig their product in order to offer life-long cover. However, this move will not benefit the existing policyholders who suffered the agony of seeing their renewal request turned into a time when they need it the most, despite having paid premiums for years. Yet, it is a significant step, as it is newer shield policyholders from such unfair treatment by the company.

Sub-limits in favor

For long, the policyholders who had no choice but to buy policies that include sub-limits, or restrictions within the sum insured, room rents, doctors fees, operation theater charges etc. . Now, companies such as Apollo and Tata-AIG Munich who demolished such caps, paving the way for smoother sans claim the dispute settlements.

The Claim loading gives way to no claim bonus

Again, some new-age health insurers chose not to impose premium hikes just because of the claim made in the past year. The loading structure is considered unfair by many as it penalizes policyholders for taking steps very policy they buy for. This apart, some insurers began shifting focus from such a tool that prevents the friendlier practice of offering incentives by way of the claim that no discounts to ensure effective management of appeals.

Zone-based premium structure

It is known that the healthcare costs in the city metro is far higher than in the smaller towns. In spite of this, those living in relatively smaller cities are forced to pay a premium comparable to metro-dwellers. Perhaps to correct this corruption, companies like New India assurance, Bharti-Axa and L & T General arrives in the zone-based premiums, which the residents of smaller cities and towns will be offered choice of paying lower premiums. However, if you decide to undergo treatment in a hospital than a meter (or a city outside their zone), they have to give money to a certain pre-decided percentage of the claim before the company contributes its share.

Cover replenishment

An innovative feature, it is part of the specific policy offered by Star Health, L & T General and Apollo Munich. Importantly, they offer to return your insured sum if you happen to use the whole cover in a year. However, with the Rider. For example, L & T promises replenishment products only in the event of subsequent claims relating to accidents. Otherwise, the clause is able to trigger policy Munich Apolo any disease or condition, provided it is not related to the claim made earlier in the year.

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