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What are Health Insurance Prerequisites?

By Finserv MARKETS - Feb 5,2019
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What are health insurance pre-requisites

Certain things in life cannot be taken for granted no matter what. Our health is one of them. In today’s super competitive world, everything’s moving at a fast pace, including our lives. Amidst all the things we juggle in our lives, our health tends to take a backseat. We neglect our health, not realizing that the repercussions of the same could turn out to be quite grave. The rising costs of healthcare in India are not making things any better either. Therefore, it has become imperative for every individual to invest in a good health insurance plan.

Before opting for health insurance plans, there are certain terms and conditions that you should be aware of. We have enlisted three out of some of these conditions which you should know, so you can buy a policy and reap full benefits of it.

  • Medical tests

One of the major prerequisites of a health insurance policy is the medical test or medical check-up. If you plan to buy a health policy, you have to undergo a mandatory medical test. The medical test helps the company to quantify the risk associated with your medical condition. The assessment of your health helps the provider to determine the insurance premium for your policy.

  • Mandatory hospitalization

To get health insurance benefits, there insured must be hospitalized for at least 24 hours. If you are hospitalised in one of Finserv MARKETS’ network hospitals, your room and boarding charges and/or ICU costs will be covered. Apart from this, for certain procedures, medical expenses incurred during 60 days immediately before hospitalization and the medical expenses incurred during 90 days after hospitalization are covered by the policy.

  • Details about cashless hospitalization

Cashless facility is only available at network hospitals. You can avail the cashless benefits only if you undergo treatment at any of the hospitals impanelled with the health insurance provider. Any hospital, which has entered into an agreement with the company to provide a cashless facility, is known as a ‘network hospital.’

You can check out online health insurance quotes, compare plans and buy the plan that suits your requirements.

Finserv MARKETS, from the house of Bajaj Finserv is an exclusive online supermarket for all your personal and financial needs. Loans, Insurance, Investment and an exclusive EMI store, all under one roof – anytime, anywhere!

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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