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Dengue Insurance Policy

By Finserv MARKETS - Jul 2,2020
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All About Dengue Insurance Cover

Dengue is a vector-borne disease that spreads through mosquitoes. This disease affects many people every year in India. In fact, delay in diagnosis and treatment of dengue can be fatal in most cases. Many times, people are reluctant to seek early care due to the hefty medical bills and treatment expenses it follows.

The importance of adequate insurance coverage here is beyond explanation. In fact, Dengue Insurance plans in India can help you cover the expenses arising from the dengue treatment. Let us help you understand the same.

What is Dengue Insurance?

Dengue Insurance in India offers extensive coverage to take care of the medical and hospitalisation expenses arising in the treatment of dengue. The eligibility for this plan ranges from 91 days to 65 years. That means the plan can be purchased by anyone up until the age of 65 years old. The policy comes with a tenure of one year and can be renewed as and when needed.

What is Covered in Dengue Insurance?

The following are the things that the Dengue Insurance plans in India cover –

  • In case the policyholder is diagnosed with Dengue, the policy usually pays INR 10,000 upfront for outpatient treatment, medications, diagnostic tests, outpatient consultancy, home care treatment, and more.

  • The policy covers the room rent for a single AC room.

  • The policy covers the pre- and post- hospitalization costs of up to 15 days. It also includes the expenses arising from investigations, consultations, and medications.

  • The policy covers up to six members under it. However, note that this clause may differ from insurer to insurer in India.

What is not Covered in Dengue Insurance?

The following are the exclusions of Dengue Insurance plans available in the market –

  • The policy does not cover any other claims made besides for Dengue unless it is a complete Health Insurance plan like Bajaj Allianz Health Insurance on Finserv MARKETS.

  • The policy does not cover the treatment expenses for any unauthorised individual/member.

  • The policy does not cover the cost of medicines that are not necessary for the treatment of the disease.

  • Claims cannot be made in case the policy is inactive.

  • The policy does not cover newborns or people above the age of 65 years old.

  • The policy does not cover arising outside of India.

Dengue Insurance – Waiting Period

The waiting period in any insurance plan is the duration where one cannot raise any claims against the policy. When it comes to Dengue Insurance in India, the waiting period is usually 15 days from the initiation of the policy. It also depends on the terms and conditions of the insurer, and is applicable when buying the policy only and not during the renewals.

What is the Free Lookup Period?

Every insurer in India offers a free lookup period of about 15 days. During this time, if one is not satisfied with the coverage of the purchased insurance plan, exclusions, etc. they can decide to discontinue the policy. The same is applicable for Dengue Insurance in India. The free lookup period allows people to cancel the plan if it does not meet their needs and get the premium amount refunded.

Conditions to claim against Dengue Insurance in India?

One can either choose to avail the cashless claim settlement option or reimbursement option when claiming against Dengue insurance in India. Let us take a look at the conditions applicable to both these options –

Cashless Claim Settlement

  • The insurer needs to be informed within the first 24 hours of the emergency hospitalization. Any delay in this process can result in claim rejection.

  • The insurer needs to be notified at least 48 hours in advance in case of planned hospitalization.

  • After claiming against Dengue Insurance, the insurer will assess the application and send across an authorisation or rejection letter.

Reimbursement of Claim

  • The insurer has to be informed within seven days of availing the dengue treatment.

  • One needs to submit a duly filled claim application form along with other supporting documents to initiate the reimbursement process.

  • The insurer will revert in seven days if they need any more documents to verify the application.

  • The claims made against Dengue Insurance usually take up to 30 days to be settled by the insurer.

Lastly,

Dengue cases in India are quite frequent. Many people lose their lives due to lack of adequate treatments and insufficient funds. Hence, one must have Dengue Insurance to cover the expenses of the treatment. However, with health insurance plans at Finserv MARKETS, one does not need additional dengue insurance/coverage as the treatment expenses of the disease are covered under the basic plan itself.

Also, if the disease leads to any critical health conditions in the near future, it is important to have coverage for the same. Term insurance plans at Finserv MARKETS offer an additional critical illness cover that provides coverage to over 55 critical health conditions.

So, don’t worry! No matter what kind of insurance you need, plans at Finserv MARKETS have you covered.

Finserv MARKETS, a subsidiary of Bajaj Finserv, is a one-stop digital marketplace that has been created for consumers on the go. It offers 500+ financial and lifestyle products, all at one place. At Finserv MARKETS, we understand that every individual is different. And that’s why we have invested in creating a proposition – Offers You Value. A value proposition that ensures you get offers which are tailor made for you. We also offer an amazing product range and unique set of online offers across Loans, Insurance, Investment, Payments and an exclusive EMI store. Be it in helping you achieve your financial life goals or offering you the latest gadgets, we strive to offer what you are looking for. From simple and fast loan application processes to seamless and hassle-free claim-settlements, from no cost EMIs to 4 hours product delivery, we work towards fulfilling all your personal and financial needs. What’s more! Now enjoy the same benefits in just one click with our Finserv MARKETS App.

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Bajaj Finserv Direct Limited ("BFDL"), erstwhile Bajaj Financial Holdings Limited is a registered corporate agent of Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited under the IRDAI composite registration number CA0551 valid till 10-Apr-2021. BFDL also renders services to Bajaj Finance Limited (‘BFL’) and Bajaj Housing Finance Limited (‘BHFL’) (referred hereinafter as ‘Lending Partner’) in sourcing of customers, providing preliminary credit support activities, fulfilment services and post-acquisition customer services related to lending business. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522